Is a balanced market always this fleeting?

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Is a balanced market always this fleeting?
By Scott Rogers • April 17, 2017 Filed In: analysis, market
The graph shown above is an illustration of changing inventory levels (blue line) and the number of buyers buying in a six month period (orange line). The point at which the two lines meet is when there was exactly six months of inventory of homes on the market for sale. All of the months prior to when the lines met are times when (to varying degrees) there were many more homes on the market (housing surplus) than there were buyers to buy them (low demand). All of the months after the point when the lines met are times when (to varying degrees) there have been far fewer homes on the market (housing shortage) than there are buyers to buy them (high demand). Perhaps what has surprised me the most in the past year is how quickly the balance seems to be swinging towards a seller's market (low supply, high demand) when I thought we might stay in a relatively balanced market (high supply, high demand or moderate supply, moderate demand) for some time. Receive updates from HarrisonburgHousingToday.com via e-mail: Enter your e-mail address: Recent Articles: What Does a Realtor Do in Representing a Buyer? Hey Builders, Harrisonburg is an Increasingly Popular Place to Live, Keep Up, Please! Today is the Great Community Give! Should You Be Dejected If Your House Does Not Sell In One Week? How Historic Are Our Current Low Housing Inventory Levels? Best First Quarter of Home Sales in Ten Years Just How Speedy Does A Home Buyer Have To Be These Days? Home Sales and Prices Rising, Time on Market Falling Buying vs Building A $400K+ Home 2018-19 Rockingham County Budget Reflects No Change in Real Estate Tax Rate
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Apr 21, 2018 (unless otherwise noted).
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