Sentences with phrase «inventory of homes for sale at»
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.
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The inventory of homes for sale at these higher price ranges has forced these markets into a buyer's market.
Not exact matches
The overall inventory of new and existing homes for sale hit its lowest level on record in the fourth quarter of 2017, at 1.48 million, according to the National Association of Realtors.
While strengthening demand in these markets may help lessen the negative impact that this additional foreclosure inventory has on home prices, at the very least the influx of distressed inventory for sale will likely act to slow the rate of home price appreciation seen in recent months.
«While these changes are pointed at the demand for ownership housing, it is important to note that much of the upward pressure on home prices in the GTA has been based on the declining inventory of homes available for sale.»
The number of homes for sale continues to remain at record lows with the nationwide inventory of for - sale single - family homes, condos, townhomes, and co-ops is about 19 percent below inventory levels from a year ago, Realtor.com reports in its analysis of July housing data of 146 markets.
Some Highlights: The inventory of existing homes for sale has dropped year - over-year for the last 29 consecutive months and is now at a 3.9 - month supply.
At the end of April, total housing inventory increased 11.9 % from the previous month to 2.16 million existing homes for sale.
At the end of August, housing inventory was at 2.31 million existing homes available for sale, which represents a 5.5 - month supply of homes, according to the National Association of REALTORS At the end of August, housing inventory was at 2.31 million existing homes available for sale, which represents a 5.5 - month supply of homes, according to the National Association of REALTORS at 2.31 million existing homes available for sale, which represents a 5.5 - month supply of homes, according to the National Association of REALTORS ®.
In January, the nation saw the lowest inventory of homes available for sale ever at realtor.com ®.
Total housing inventory continued to make strides at the end of the third quarter at 2.30 million existing homes available for sale, which is 6.0 percent higher than a year ago.
«While sales of existing single - family homes passed 5 million units at annual rates in January, the highest since 2007, the inventory of homes for sales remains quite low with a 3.6 month supply.
Total housing inventory at the end of June dipped 0.9 percent to 2.12 million existing homes available for sale, and is now 5.8 percent lower than a year ago (2.25 million).
Total housing inventory at the end of September rose 1.5 percent to 2.04 million existing homes available for sale, but is still 6.8 percent lower than a year ago (2.19 million) and has now fallen year - over-year for 16 straight months.
«Rental rates and home prices are climbing, the rent - to - buy ratio remains stable, the average rate on a 30 - year mortgage is still under 4 percent, and at a 3.8 - month supply, the inventory of homes for sale is still low.
«Existing inventory has decreased every month on an annual basis for 29 consecutive months, and the number of homes for sale at the end of October was the lowest for the month since 1999,» Yun says.
Total housing inventory at the end of March rose 1.5 percent to 3.55 million existing homes available for sale, which represents an 8.4 - month supply4 at the current sales pace, compared with a 8.5 - month supply in February.
«Sellers continue to benefit from limited inventory, getting top dollar for their homes, and, as a result, overall sales are at a record high,» says Adam Contos, co-CEO of RE / MAX, «but buyers shouldn't be discouraged.
«Despite continuing challenges of low for - sale housing inventories and contractor labor availability, 2018 could post the strongest gains for home remodeling in more than a decade,» said Abbe will, research associate in the Remodeling Futures Program at the Joint Center for Housing Studies, in the statement.
3 Total housing inventory at the end of May was at 2.15 million existing homes available for sale, which was 5.7 percent lower than a year ago (2.28 million).
Total housing inventory at the end of August fell 3.0 percent to 3.58 million existing homes available for sale, which represents an 8.5 - month supply at the current sales pace, down from a 9.5 - month supply in July.
Total housing inventory at the end of March increased 1.6 percent to 1.93 million existing homes available for sale, which represents a 4.7 - month supply 2 at the current sales pace, up from 4.6 months in February.
The inventory of new homes for sale was 282,000 in October, which is a 4.9 - month supply at the current sales pace.
Total housing inventory at the end of September was unchanged at 2.21 million existing homes available for sale, which represents a 5.0 - month supply5 at the current sales pace, compared with a 4.9 - month supply in August.
Total housing inventory at the end of November declined 0.9 percent to 2.09 million existing homes available for sale, which represents a 5.1 - month supply at the current sales pace, compared with 4.9 months in October.
The inventory of homes for sale peaked at 4.5 million units in 2007, fueling the big drop in home prices that we've seen.
Total housing inventory at the end of October fell 2.2 percent to 3.33 million existing homes available for sale, which represents an 8.0 - month supply3 at the current sales pace, down from an 8.3 - month supply in September.
At the same time, the supply of homes for sale has barely kept pace with demand and the inventory of new or existing homes for sale shrunk down to only a four - month supply.
Total housing inventory at the end of July declined 1.0 percent to 1.92 million existing homes available for sale, and is now 9.0 percent lower than a year ago (2.11 million) and has fallen year - over-year for 26 consecutive months.
Inventory of for - sale homes also stabilized in many markets after large drops at the beginning of the year, and homes were selling faster this November compared to last year.
Total housing inventory at the end of November fell 3.8 percent to 2.03 million existing homes available for sale, which represents a 4.8 - month supply 4 at the current sales pace; it was 5.3 months in October, and is the lowest housing supply since September of 2005 when it was 4.6 months.
At the end of February, it would have taken practitioners 4.2 months to empty the country's inventory of homes for sale.
Total housing inventory at the end of November was at 1.85 million existing homes available for sale, 9.3 percent lower than a year ago.
Inventory of new homes for sale in January was 301,000, equal to a 6.1 - month supply at the current sales pace.
Total housing inventory at the end of April stood at 1.93 million existing homes available for sale, NAR reported.
But with spring less than a month away, total housing inventory is still struggling to meet market demand, with inventory at the end of January slightly increasing 3.4 % to 1.82 million existing homes available for sale.
The inventory of new homes for sale was 283,000 in November, which is a 4.6 - month supply at the current sales pace.
The inventory of new home sales for sale was 295,000 in December, which is a 5.7 - month supply at the current sales pace.
Finding the perfect home can be a challenge at times as inventory of homes for sale is not as plentiful as our buyers might hope for.
The inventory of existing homes for sale has dropped year - over-year for the last 30 consecutive months and is now at a 3.4 - month supply.
SUPPLY The National Association of Realtors (NAR) recently reported that the inventory of homes for sale stands at a 4.8 - month supply.
At the same time, the inventory of homes for sale, as of February 28, continued its year - over-year declining trend to 4,027 from 4,815 a year ago, down — 16.37 %.
Moreover, in buyer's markets, due to the extraordinary amount of excess inventory, it is virtually impossible to look at every home for sale.
Recall the total stock of homes is not the same as the inventory that's available; only about 1.2 - 1.5 % of all homes out there are listed for sale at a given point during the year.
The total housing inventory at the end of February increased 9.6 % from the previous month to 1.94 million existing homes for sale.
Nationally, single - family housing construction activity has increased at a slower pace than in past economic recoveries, and the supply of homes for sale, measured by months of inventory and vacancies, is below long - term trends.
Builder inventory of new homes for sale is at an all - time low so some replenishment of inventory is necessary if new homes are to remain competitive against the existing housing stock.
According to the National Association of Realtors latest Existing Home Sales Report, the inventory of existing homes for sale in today's market is at a 4.2 - month supply.
The total housing inventory at the end of September decreased 3.3 % from the previous month to 2.32 million existing homes for sale.
While these changes are pointed at the demand for ownership housing, it is important to note that much of the upward pressure on home prices in the GTA has been based on the declining inventory of homes available for sale,» said Jason Mercer, TREB's Director of Market Analysis..