A Tale Of Two Markets A 6 Month Update

Dated: 10/09/2017

Views: 73

Image title

Six months ago,  the mismatch between the type of inventory of homes for sale and the demand of buyers in the US was causing the formation of two markets.In the starter and trade-up home categories, there were significantly more buyers than there were homes for sale, causing a seller’s market. In the premium, or luxury, home categories, the opposite was true as there was a surplus of these homes compared to the buyers that were out searching for their dream homes, which created a buyer’s market.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. Inventory is now 6.5% lower than this time last year, marking the 27th consecutive month of year-over-year decreases.Looking at the latest report from Trulia, we can see that not much has changed, and in fact, recent natural disasters across the country have made inventory conditions even more dire.Trulia’s market mismatch score measures the search interest of buyers against the category of homes that are available on the market. For example: “if 60% of buyers are searching for starter homes but only 40% of listings are starter homes, [the] market mismatch score for starter homes would be 20.”

Colorado Springs CO Real EstateBuyers and Listings for Sale and Real Estate Services. ReAnn Kuhn Looseis your local NATIVE Real Estate Expert for Colorado Springs, Colorado, especially Old Colorado City, Manitou Springs, Fountain, Security, Widefield and surrounding areas. You now have free access to our Colorado Springs, CO Ultimate Real Estate Search Engine!   ReAnn Kuhn Loose719-330-5533




Blog author image

Sheryll White

As a Full Time real estate agent for the past 23 years, Sheryll has helped hundreds of home owners in Colorado buy and sell their homes. Sheryll's easy going, no pressure style and her in depth knowl....

Want to Advertise on this Site?

Latest Blog Posts

Check Out 7761 S Columbine St

WELCOME HOME! Gorgeous 2 Story Home on Cul-de-Sac in the exceptional Forest Park neighborhood is move in ready! Notice the warmth and clean feel of this home as you enter. New interior & exterior

Read More

Westminster Colorado Investment Homes For Sale

Fixer Upper Homes in Westminster Colorado! Looking for that Special Home to live - give me a call.Westminster CO Real Estate - Mike Conner, Broker Associate /

Read More

Aurora Investment Homes For Sale

Looking for a Fixer Upper in Aurora. Check these homes Out!Looking for that Special Home to live - give me a call.Aurora CO Real Estate - Mike Conner, Broker Associate;/

Read More

Move In Ready Home Price Just Reduced

Stunning Turn Key Home with Every Upgrade!Price Just ReducedMEET THE STORCK TEAMTatyana and Aaron is an award winning team, who have been making their client’s dreams a reality since 2005.

Read More