Will Low Housing Inventory Affect Your Home Search?

Real Estate Agent with JP and Associates REALTORS® DRE# 0520623
If you've followed the housing market at all this year, you've likely heard something about inventory. Inventory refers to the number of homes available for sale. This year, it's been lower than usual. And, when for-sale inventory is low and buyer demand is high – as it's been this year – prices rise and sellers hold most of the negotiating power.
In many markets, that has been the story this year. However, according to a new analysis from Trulia, whether or not low inventory will affect a buyer's home search depends on where that buyer is looking and what kind of home they're looking to buy. For example, starter homes had the largest drop in inventory last year, falling 10.7 percent. On the opposite end of the spectrum, the number of high-end homes for sale only fell 3.7 percent. Naturally, that means a first-time home buyer looking for an affordable home may have fewer homes to choose from than a luxury home buyer.
However, it also depends on where you live. According to Trulia's analysis, markets in the Southwest and Southeast have generally been adding enough homes for sale to keep up with buyer demand. In fact, Trulia's research shows double-digit increases in the number of homes for sale in some markets, especially in states like Florida and California. That could be an indication that we'll see inventory begin to improve in more markets next year.
More here.




Posted by

Tim Stoll JP and Associates REALTORS®
214.868.2959 |thinkdallas.com




This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Home Buying
homes for sale
housing inventory

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Tim, the only problem with the Trulia information is that real estate is so local, and none of this applies at all to my market or to many others around the country.  Generally inventory is low compared to the demand, but there are a lot of factors that can mitigate how it impacts the local market. 

Dec 22, 2016 05:09 PM #1
William Feela
Realtor, Whispering Pines Realty 651-674-5999 No.

I don't take anything that t has to say seriously.  I only deal with True Reeal Estate sights.  These lead gen sites say what ever they can to get you to buy their product.

Dec 22, 2016 06:30 PM #2
Nathan Gesner
American West Realty & Management - Cody, WY
Broker / Property Manager

I'm in a market that was impacted by the layoffs in the energy industry. We expect that to come back in 2017 but most of the lower-priced homes were already bought up by first-time buyers and investors. We are also expecting rates to go up. I'm not sure what the results will be, but I am prepared for change!

Dec 22, 2016 07:54 PM #3
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Tim Stoll

Let me know how I can assist
Spam prevention

Additional Information