Buyer Demand Exceeds Housing Supply, this is an easy one to talk about.
I woke up this morning knowing I should write a blog before I head out the door, but what was it going to be on? So I decided to make some Kona Coffee, and read my email ------ Like angels coming down from the clouds, there it was, this info-graphic on how housing supply is low, and demand is high - great topic. Well to make my job even easier, a few emails down, was a comment on an a 6 year old blog of mine. So curiosity got the best of me, I followed the link over to this old blog, to see why it drew some attention - 6 years down the road. The blog itself was OK, but in it, was this statement about the housing market, and where it was back then.
So lets take a look at today's market
I don't think you need me to tell you, this is a huge difference!
Here Are Some Highlights from the mainland :
- Inventory Levels are still below the 6.0 month level necessary for a normal market
- Home Prices have experienced year-over-year gains for 38 straight months
- Home sold faster than any time since June 2013, in just 39 days