3 Expert Insights On Inventory

Dated: July 30 2019

Views: 91

3 Expert Insights On Inventory In The Current Market

3 Expert Insights On Inventory In The Current Market | MyKCM

The current housing landscape presents greater home values, low interest rates, and high buyer demand. All of these factors point to the strong market forecasted to continue throughout the rest of the year.

There is, however, one thing that may cause the industry to tap the brakes: an overall lack of housing inventory. Buyer demand naturally increases during the summer months, but the current supply is not keeping up.

Here is a look at what a few industry experts have to say:

Lawrence Yun, Chief Economist at National Association of Realtors

“Imbalance persists for mid-to-lower priced homes with solid demand and insufficient supply, which is consequently pushing up home prices.”

Mark Fleming, Chief Economist of First American

“Market conditions are ripe for increasing home sales with one glaring exception. The supply of homes for sale remains tight, keeping existing home sales below potential.”

Danielle Hale, Chief Economist of Realtor.com

“We're not seeing as many new listings come up on the market…It was only 18 months ago that the number of homes for sale hit its lowest level in recorded history and sparked the fiercest competition among buyers we've ever seen.”

Bottom Line

If you’re thinking of selling, now may be the time. Demand for your house will be strong during a period when there is very little competition, ideally leading to a quick sale and a great return on your investment.

Blog author image

Joanne Mills

Joanne Mills is the Broker Owner of Exit Family Realty in Lindenhurst, NY. Joanne’s has created of brokerage of highly motivated, professional associates making a powerful, positive impact on client....

Latest Blog Posts

SER DUENO DE CASA ES LO MEJOR

Los estadounidenses eligen bienes raíces como la mejor inversión [infografía]  21 21UTC mayo 21UTC 2021  Compradores de vivienda por primera

Read More

Listos Para La Venta De Su Propiedad

Los vendedores están listos para entrar en el mercado de la vivienda 19 19UTC mayo 19UTC 2021 Para los vendedores, Actualizaciones del mercado de la,

Read More

Sin Inventario De Propiedades

Su casa podría ser el oasis en un desierto sin inventario  13 13UTC mayo 13UTC 2021  Para los vendedores, Actualizaciones del mercado de

Read More

Sin Inventorio De Propiedades

Su casa podría ser el oasis en un desierto sin inventario 13 13UTC mayo 13UTC 2021 Para los vendedores, Actualizaciones del mercado de la vivienda, Compradores de casa mas

Read More
Fair Housing Icon NY Fair Housing Notice