What's my home worth?

Enter your information and I'll get right back to you with a free home estimate.
Find out!
check

Sent

What's my home worth?

Enter your information and I'll get right back to you with a free home estimate.
Find out!
check

Sent

Tracy Grant

Search Homes For Sale











3 Expert Insights On Inventory In The Current Market

July 29, 2019


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.


Tags:

Featured Listings

listed
Welcome to Agramonte Dr, in Happy Valley, Newhall, where life harkens back to days when neighbors brought you cookies and gathered together for barbeques. This immaculate, 3 bedroom, 2 bath home, with a long reaching view of the Santa Clarita Valley
$749,000
listed
3
beds
2
baths
1,920
Sq Ft
listed
This is the condo you've been waiting for! This town home style home features an open floor plan, an attached garage with laundry hook ups and so much more. The kitchen has granite counters, newer appliances, recessed lighting and a breakfast bar.
$394
listed
3
beds
2.5
baths
1,375
Sq Ft
sold
This Heather Ridge Condominium shows extreme pride of ownership. Wood look ceramic tile throughout the home as well as baseboards, and custom Crown Molding. All rooms have recently been decorated with horizontal blinds.
$430,000
sold
3
beds
2
baths
1,280
Sq Ft
sold
This is the one you've been waiting for. Single story pool home with a 3 car garage on a cul-de-sac. The home features an open kitchen with a large Island so you have lots of counter space. The kitchen opens to the family room with a sliding door
$650,000
sold
4
beds
2
baths
2,107
Sq Ft

Recent Posts

Get Started!