Home sales have been hovering at the 4.9 million sales - pace mark since fall of last year and aren't likely to move up much unless more
inventory comes onto the market.
«With mortgage rates expected to rise into next year and put added strain on affordability, sales expansion will be contingent on more
inventory coming onto the market and continued job gains.»
The good news for buyers is that we're now seeing more
inventory coming onto the market.
Not exact matches
«If more
inventory does
come onto the
market, it will be quickly absorbed.
«We continue to see a healthy number of listings
coming onto the real estate
market, which is a welcome relief from the low
inventory earlier this year,» said RAHB CEO George O'Neill.
More
inventory is
coming onto the
market, and this could slow the rate of home - price appreciation as we head into 2017.
The shadow
inventory of homes that will
come onto the
market is large.
«Strong demand generated by several years of economic growth continues to drive prices higher, and if
inventory remains sluggish to
come onto the
market, we could see price growth accelerate.»
The Absorption Rate, or Days of Available
Inventory, is the amount of time it would take to sell off existing homes for sale if no additional homes
came onto the
market.
The downtown area has an
inventory shortage, but thousands of units are due to
come onto the
market in the
coming months.