Sentences with phrase «supply of homes on the market»

At the current pace, there is a four - month supply of homes on the market — much lower than the norms of six to seven months.

One of the main drivers of escalating home prices is a lack of supply of homes on the market.

The housing recovery is being driven by dwindling supplies of homes on the market, especially distressed properties that tend to sell well below their cost of construction.

At the end July there was a 6.4 - month supply of homes on the market at the current sales pace, which is 31.2 percent below a year ago when there was a 9.3 - month supply.

Home prices in Kitsap County skyrocketed to a five - year high last month as the available supply of homes on the market continued to dwindle, according to Northwest Multiple Listing Service statistics for the month of March.

The positive news continued in April, when a shrinking supply of homes on the market helped drive the median sales price up 12.4 % to $ 163,000.

Yet despite low mortgage rates luring prospective homebuyers, the housing market has remained hampered by tight mortgage credit, rising home prices and thin supply of homes on the market.

The NATIONAL ASSOCIATION OF REALTORS ®» Research department estimated that as of December of last year, there was a 9.6 month supply of homes on the market.

While the best short - term measure of the housing demand / supply balance is months of supply of homes on the market, the best long - term

Average sales prices fell 15 percent and the supply of homes on the market is now longer than two years.

Right now, the number of families looking to purchase a home is greater than the supply of homes on the market.

While the supply of homes on the market is anticipated to be tight this season, making a bid and winning one on a home that isn't right could lead to trouble.

In fact, the supply of homes on the market fell from 4.7 months» worth last May to 4.2 months last month.

Sales prices were up 5.8 percent — more than double wage growth — and the 3.4 - month supply of homes on the market was the lowest since NAR began tracking in 1999.

The core Orlando market had a 5.4 - month supply of homes on the market — the highest level since January 2012.

In a buyers market, the supply of homes on the market exceeds demand.

In a seller's market, the number of potential buyers exceeds the supply of homes on the market.

The supply of homes on the market continued to decline last month.

Since sales outpaced inventory levels, the supply of homes on the market dipped to 5.1 months from 5.2 months in March and a peak of 12.2 months in January 2009.

The supply of homes on the market diminishes because sellers often wonder whether or not they should take their homes off the market for the holidays.

The index indicates the number of months needed to sell the supply of homes on the market at the current sales rate.