Sentences with phrase «inventory of homes for sale»
Low inventories of homes for sale in many markets have been blamed for cooling the summer months more than expected.
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They'll also need to be prepared to face tighter inventories of homes for sale.
There are a number of factors playing into this: The limited inventory of homes for sale feeds price gains.
Recent comments cite the low inventory of homes for sale as a leading factor in higher prices.
Nearly every neighborhood on the list has a smaller inventory of homes for sale than it did one year ago.
It illustrates how many months it would take to sell the current inventory of homes for sale.
Rising mortgage rates and a shrinking inventory of homes for sale could be a challenge in 2017, however.
This is good news for investors as it should provide more inventory of homes for sale thereby reducing competition.
Low inventories of homes for sale combined with rising rents and home prices present a hurdle for many would - be buyers to save for a down payment and purchase a home.
Seller traffic is expected to stay strong, which would help loosen inventories of homes for sale.
While there has been an increase in the demand for more homes, a recent report shows that there remains a tight inventory of homes for sale.
This is the result of strong demand from buyers and a limited inventory of homes for sale.
There was a higher inventory of homes for sale in the 10 - year October average than what's currently available.
Inventory of homes for sale remains below the historically normal 6 - month mark at a 4.6 - month supply, down 5.8 % year - over-year.
The active listing inventory of homes for sale decreased by 167 homes in the past couple of weeks — and is at 5,215.
With the median home price of existing homes at $ 246,800 in December 2017 (cumulative change of 60 percent since January 2012), and with fewer inventory of homes for sale at their lowest level since January 1999 (3.2 months» supply), REALTORS ® expect prices to continue to appreciate in the next 12 months.
«Builders are noting an increased sense of urgency among potential buyers as a result of thinning inventories of homes for sale, continuing affordable mortgage rates and strengthening local economies,» notes National Association of Home Builders (NAHB) Chairman Rick Judson, a home builder from Charlotte, N.C. «This is definitely an encouraging sign even amidst rising challenges with regard to the cost and availability of building materials, lots and labor.»
«Currently we have a high inventory of homes for sale,» says new ARR president Tim Chicilo, «but people are mistaking that for the market being slow.
The average inventory of homes for sale in the 53 metro areas surveyed in December dropped 11.0 percent from November and 25.7 percent from December last year.
Orange County CA Home Selling Market Update shows active listing inventory of homes for sale now totals 5,493 (which number is down as compared with last year) and trend expected to continue through the end of the year.
This phenomenon is known as «mortgage rate lock - in» and could lead to diminished demand from home buyers and / or reduced inventory of homes for sale as would - be buyers instead choose to stay put in their current homes.
There is a sufficient enough inventory of homes for sale and for rent that even an influx of people moving to El Paso hasn't driven up the prices.
By knowing which of these personas your female buyers most closely align with, you may be able to narrow that huge inventory of homes for sale and help her find the place that's perfect for her.
Unless we have another tech boom or foreign buyer boom, San Francisco home prices will likely fall a lot more in 2018 than in 2017 as the unsold inventory of homes for sale builds up and price expectations fall.
The homeownership rate has already fallen from 69 percent in 2004 to below 67 percent in 2010, and «the farther the homeownership rate falls, the longer it will take to work through the excess inventory of homes for sale and held off market,» the report concluded.
This is great news for homeowners.The inventory of homes for sale is significantly lower which is creating a great seller's market.
While inventories of homes for sale have been shrinking this spring, MLSs are filling the void with rental listings for single family homes that until recently were foreclosures.
At the current rate, it would take 6.1 months to turn over the supply of existing homes currently on the market — and just 5.6 months to turn over the stock of new homes for sale — the lowest inventory of homes for sale since 2006.
The San Diego housing market outlook looks strong and still has only about a two month inventory of homes for sale.
Your buyer's agent has real - time access to the most complete inventory of homes for sale, along with the timeliest details on prices, market status, comparable sales, etc..
The latest DataQuick report revealed that, «Greater demand, partially triggered by historically low mortgage rates, and a thinner inventory of homes for sale help explain recent gains in the median price.»
«This past year, the still - tight inventory of homes for sale in Florida couldn't meet growing buyer demand,» says Christine Hansen, 2018 president of Florida Realtors ® and broker / owner of CENTURY 21 Hansen Realty in Fort Lauderdale.
A persistent tight inventory of homes for sale is holding back sales but pushing up home prices in most areas of the country, Lawrence Yun, NAR's chief economist, said in the report.
Many people trying to sell homes find that an increase in home prices, combined with a limited inventory of homes for sale in parts of the country, have tilted the market in their favor.
It illustrates how many months it would take to sell current inventory of homes for sale, which as of this edition, 404 homes are for sale in Coral Springs.
«New - home buyers are returning to the market in larger numbers as firming prices, shrinking inventories of homes for sale and improving local economies convince them that now is the time to make their move,» said Rick Judson, chairman of the National Association of Home Builders (NAHB) and a home builder from Charlotte, N.C.
«Steadily rising home prices are lifting all boats in this housing market and should spill over into more inventory of homes for sale in the coming months,» says Daren Blomquist, vice president at RealtyTrac.
In some markets, the main thing that's holding back a recovery is a relatively thin inventory of homes for sale, which could be resolved if builders had easier access to credit for building homes and putting people back to work.
«Currently we have a high inventory of homes for sale, but people are mistaking that for the market being slow.
Six months ago, we reported that the mismatch between the type of inventory of homes for sale and the demand of buyers in the US was causing the formation of two markets.
A low Days on Market average, like 66 seen in October, is the direct result of continued high demand and a reduced inventory of homes for sale.