This is not a balanced real estate market
Scott P. Rogers
Most housing market analysts consider six months of inventory (active listings) to be an indicator of a balanced market (between buyers and sellers).
The “BUYERS” trend line above is illustrating how many buyers are buying in a six month period. The “SELLERS” trend line above is illustrating how many sellers are in the market (active listings) at any given time.
Over the past four years we have seen a steady increase in buyers and a declining number of sellers. In June 2016, these two trajectories crossed, and there was no turning back.
There are now many more buyers buying in a six month period than there are homes for sale -- creating a seller's market. Instead of having a six month supply of homes for sale, we now have a four (3.95) month supply.
Of note -- it is not a seller's market in every price range, in every location, for every property type -- but overall, we are definitely seeing a seller's market.
Find out more about our local housing market by clicking below for my monthly market report.
