News

Check out market updates

Inadequate Inventory Driving Prices Up

Inadequate Inventory Driving Prices Up | Simplifying The Market

The latest Existing Home Sales Report from the National Association of Realtors (NAR) revealed a direct correlation between a lack of inventory and rising prices.

We are all familiar with the concept of supply and demand. As the demand for an item increases the supply of that same item goes down, driving prices up.

Year-over-year inventory levels have dropped each of the last 18 months, as inventory now stands at a 4.0-month supply, well below the 6.0-month supply needed for a ‘normal’ market.

The median price of homes sold in November (the latest data available) was $234,900, up 6.8% from last year and marking the 57th consecutive month with year-over-year gains.

NAR’s Chief Economist, Lawrence Yun had this to say:

“Existing housing supply at the beginning of the year was inadequate and is now even worse heading into 2017. Rental units are also seeing this shortage. As a result, both home prices and rents continue to far outstrip incomes in much of the country.”

But there is good news about rising prices. More and more homeowners are recovering from a negative equity situation and learning that they are able to sell their homes and either move up to their dream home or downsize to a property that will better suit their needs. Look for these homes to come to market soon.

Bottom Line

Buyer demand continues to outpace the supply of homes for sale. Listing your home in the winter attracts serious buyers who are looking to close the transaction quickly.

Source: DZ

Pin It

(1,446) Comments

  1. Hey there I am so glad I found your blog page, I really found you by mistake, while I was searching
    on Bing for something else, Regardless I am here now and would just like to say many
    thanks for a remarkable post and a all round entertaining blog (I also love the theme/design),
    I don’t have time to browse it all at the minute but
    I have saved it and also included your RSS feeds, so when I have time
    I will be back to read a lot more, Please do keep up the great
    job.

  2. I’ve read some good stuff here. Definitely worth bookmarking for revisiting.

    I surprise how so much effort you set to create this
    kind of great informative web site.

  3. After going over a number of the blog posts on your blog, I truly like your way of
    writing a blog. I book marked it to my bookmark website list and will be
    checking back soon. Please visit my website as well and let me know your opinion.

  4. Hi there friends, how is the whole thing, and what you would
    like to say regarding this piece of writing, in my view its truly
    awesome in favor of me.

  5. We stumbled over here by a different website and thought I might as well check things out. I like what I see so now i am following you. Look forward to checking out your web page for a second time.

  6. Write more, thats all I have to say. Literally,
    it seems as though you relied on the video to make your
    point. You definitely know what youre talking about, why waste your intelligence on just posting videos
    to your blog when you could be giving us something informative to read?

  7. Whats up! I simply want to give an enormous thumbs up for the good information you have got right here on this post. I shall be coming again to your weblog for extra soon.

  8. My brother recommended I might like this web site. He was totally right. This post truly made my day. You can not imagine just how much time I had spent for this information! Thanks!

  9. I will immediately seize your rss feed as I can not to find your e-mail subscription link or newsletter service. Do you ave any? Kindly allow me recognize in order that I may just subscribe. Thanks.

  10. That is a admirable blog, does one be engaged happening accomplish a interview around definitely how you will drafted the item? In that case mail me personally!

  11. Wow! This could be one particular of the most beneficial blogs We have ever arrive across on this subject. Actually Wonderful. I am also a specialist in this topic so I can understand your effort.

  12. Nice post. I learn something totally new and challenging on sites I stumbleupon everyday. It as always useful to read articles from other authors and practice something from their websites.

  13. I will immediately snatch your rss feed as I can’t in finding your e-mail subscription hyperlink or e-newsletter
    service. Do you have any? Please permit me recognize in order that
    I may just subscribe. Thanks.

  14. Your style is very unique in comparison to other people I ave read stuff from. I appreciate you for posting when you ave got the opportunity, Guess I all just bookmark this page.

  15. This very blog is without a doubt educating as well as amusing. I have picked helluva helpful tips out of this source. I ad love to come back every once in a while. Thanks a lot!

  16. Source I like the valuable info you provide in your articles. I will bookmark your blog and check again here regularly. I am quite sure I all learn many new stuff right here! Good luck for the next!

  17. It as not that I want to replicate your web-site, but I really like the style. Could you tell me which style are you using? Or was it tailor made?

  18. Hi there! I know this is kind of off topic but I was wondering if you knew where
    I could locate a captcha plugin for my comment form? I’m using the
    same blog platform as yours and I’m having problems finding one?
    Thanks a lot!

  19. Wow, amazing blog layout! How long have you been blogging for? you make blogging look easy. The overall look of your site is excellent, as well as the content!

  20. I do not even know how I ended up here, but I thought this post
    was great. I do not know who you are but certainly you are
    going to a famous blogger if you are not already 😉 Cheers!

  21. You have noted very interesting details ! ps nice web site. We make ourselves a ladder out of our vices if we trample the vices themselves underfoot. by Saint Augustine.

  22. An impressive share! I have just forwarded this onto a coworker
    who was conducting a little homework on this. And he actually bought me breakfast
    because I stumbled upon it for him… lol. So let me reword this….
    Thanks for the meal!! But yeah, thanx for spending the time to talk about
    this subject here on your blog.

  23. Thank you for another magnificent post. Where else could anyone get that type of information in such an ideal way of writing? I have a presentation next week, and I am on the look for such info.

  24. To create a such kind of article is really amazing,I daily read your blogs and give my announcement for that here this article is too great and so entertaining.

  25. It is really a nice and useful piece of info. IaаАа’б‚Т€ТšаЂаŒаАа’б‚Т€ТžаБТžm glad that you shared this helpful info with us. Please keep us up to date like this. Thanks for sharing.

  26. Does your blog have a contact page? I’m having problems locating it but, I’d like to send you
    an email. I’ve got some ideas for your blog
    you might be interested in hearing. Either way,
    great website and I look forward to seeing it develop over time.

  27. My brother suggested I might like this web site. He was entirely right. This post actually made my day. You can not imagine just how much time I had spent for this info! Thanks!

  28. This awesome blog is definitely awesome and diverting. I have discovered helluva handy things out of this blog. I ad love to return over and over again. Thanks a lot!

  29. You can certainly see your skills in the paintings you write. The world hopes for even more passionate writers such as you who are not afraid to say how they believe. Always go after your heart.

  30. This is a great tip especially to those fresh to the blogosphere. Short but very accurate information Appreciate your sharing this one. A must read article!

  31. We’re a gaggle of volunteers and opening a new scheme in our community.
    Your website provided us with valuable info to work on. You’ve performed an impressive activity and our
    entire neighborhood shall be grateful to you.

  32. Wow, amazing blog layout! How long have you been blogging for? you make blogging look easy. The overall look of your web site is excellent, let alone the content!. Thanks For Your article about sex.

  33. Good day! This is my first comment here so I just wanted
    to give a quick shout out and tell you I genuinely enjoy reading
    through your articles. Can you suggest any other blogs/websites/forums that
    cover the same topics? Appreciate it!

  34. Your style is really unique in comparison to other people I ave read stuff from. Thank you for posting when you have the opportunity, Guess I will just book mark this web site.

  35. Your style is so unique compared to other folks I ave read stuff from. Thanks for posting when you have the opportunity, Guess I will just bookmark this web site.

  36. Write more, thats all I have to say. Literally, it seems as though you relied on the video to make your point.
    You obviously know what youre talking about,
    why throw away your intelligence on just posting videos to your
    blog when you could be giving us something informative
    to read?

  37. It is really a nice and useful piece of info. I am happy that you shared this helpful info with us. Please stay us up to date like this. Thank you for sharing.

  38. Your style is really unique compared to other people I ave read stuff from. Thanks for posting when you ave got the opportunity, Guess I will just book mark this site.

  39. Whats up. Very nice site!! Man.. Excellent.. Amazing.. I all bookmark your blog and take the feeds alsoI am glad to find a lot of useful information right here in the article. Thanks for sharing..

  40. Wow, superb blog layout! How lengthy have you been blogging for? you make blogging look straightforward. The all round look of one as webpage is excellent, let alone the content material!

  41. I think other web-site proprietors should take this site as an model, very clean and wonderful user genial style and design, let alone the content. You are an expert in this topic!

  42. We’re a group of volunteers and starting a new scheme in our
    community. Your website offered us with valuable information to work
    on. You have done a formidable job and our whole community will be grateful to you.

  43. Wow that was odd. I just wrote an really long comment but after I clicked submit my comment didn at show up. Grrrr well I am not writing all that over again. Anyhow, just wanted to say great blog!

  44. Nice blog right here! Additionally your web site a lot up very fast! What web host are you the use of? Can I get your affiliate link on your host? I wish my site loaded up as quickly as yours lol

  45. Ia??a?аАа’аАТ‚аЂ ve read some good stuff here. Definitely price bookmarking for revisiting. I surprise how so much effort you place to make this sort of magnificent informative website.

  46. My brother recommended I might like this website. He was totally right. This post actually made my day. You cann at imagine just how much time I had spent for this information! Thanks!

  47. mac makeup sale cheap I think other site proprietors should take this site as an model, very clean and wonderful user friendly style and design, let alone the content. You are an expert in this topic!

  48. Your current article usually have got a lot of really up to date info. Where do you come up with this? Just stating you are very imaginative. Thanks again

  49. Usually I don at read post on blogs, but I wish to say that this write-up very forced me to take a look at and do so! Your writing taste has been surprised me. Thank you, very great post.

  50. This unique blog is no doubt educating as well as diverting. I have chosen a lot of helpful stuff out of this blog. I ad love to visit it again soon. Thanks a bunch!

  51. This particular blog is without a doubt cool additionally diverting. I have discovered a lot of handy stuff out of it. I ad love to come back over and over again. Cheers!

  52. I will right away seize your rss feed as I can at to find your e-mail subscription link or e-newsletter service. Do you have any? Kindly let me know so that I could subscribe. Thanks.

  53. You made some decent points there. I looked on the internet for additional information about the issue and found most people will go along with your views on this web site.

  54. If you are ready to watch comic videos on the internet then I suggest you to go to see this web site, it consists of really therefore comical not only videos but also additional material.

  55. Nice blog here! Additionally your website loads up very fast! What web host are you the usage of? Can I get your associate link to your host? I want my website loaded up as fast as yours lol

  56. This blog is obviously educating and also factual. I have discovered helluva useful stuff out of this blog. I ad love to go back every once in a while. Cheers!

  57. Link exchange is nothing else but it is just placing the other person as blog link on your page at appropriate place and other person will also do same in favor of you.|

  58. Im no pro, but I consider you just crafted the best point. You certainly understand what youre talking about, and I can truly get behind that. Thanks for staying so upfront and so straightforward.

  59. It sounds like you are generating difficulties by yourself by attempting to solve this issue as an alternative of looking at why their is often a issue in the first place

  60. This unique blog is really educating and also amusing. I have discovered a bunch of handy things out of this blog. I ad love to go back over and over again. Thanks!

  61. This content has a lot of great information that is apparently intended to make you think. There are excellent points made here and I agree on many. I like the way this content is written.

  62. You ave made some really good points there. I checked on the net for more information about the issue and found most individuals will go along with your views on this web site.

  63. This very blog is no doubt interesting as well as amusing. I have picked up a bunch of useful advices out of this blog. I ad love to go back every once in a while. Thanks!

  64. I really like your blog.. very nice colors & theme.
    Did you create this website yourself or did you hire someone to do
    it for you? Plz answer back as I’m looking to design my own blog and would like to
    know where u got this from. thanks a lot

  65. This is really interesting, You are a very skilled blogger. I ave joined your rss feed and look forward to seeking more of your great post. Also, I have shared your website in my social networks!

  66. These kinds of Search marketing boxes normally realistic, healthy and balanced as a result receive just about every customer service necessary for some product. Link Building Services

  67. Thanks for every other fantastic post. Where else may just anybody get that kind of info in such an ideal way of writing? I have a presentation next week, and I am on the search for such information.

  68. Modular Kitchens have changed the idea of kitchen these days because it has provided household women with a comfortable yet an elegant place through which they can spend their quality time and space.