Expert Observations About Current Market Inventory

Posted by John Sabia on Tuesday, July 30th, 2019 at 10:29am.

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The Current real estate market boasts higher home values, low interest rates, and increased buyer demand. All of these conditions point to the robust market predicted to go on for the remainder of the year.

One area that may cause a slow down is a diminishing supply of housing inventory. Demand from buyers typically increases during the summer months, however, the supply of properties is not keeping up with the demand.

Below are a few insights from industry experts:

Chief Economist at National Associations of Realtors (NAR), Lawrence Yun says, "An imbalance persists for mid-to-lower priced properties with strong demand and insufficient supply, which is consistently pushing up home prices."

First American Chief Economist Mark Fleming says, "Market conditions are ripe for increasing property sales with one glaring exception. The (Inventory) supply of homes remains tight, keeping existing home sales below potential."

Danielle Hale, Chief Economist of Realtor.com says, "We'ren not seeing as many new listings come up on the market (for sale). It was only Eighteen Months ago that the number of homes for sale hit its lowest level in recorded history and sparked the fiercest competition among buyers we've ever seen."

Final Thoughts

If you are considering selling your Fort Lauderdale Home or condo, now may be the time! Buyer demand for your property may be strong during a time period when there is little competition, ideally resulting in a quick sale and a great return on your investment.

Let's get together and see what's the most a qualified purchaser will pay for your property and how long it should take. CAll me at 954.850.2397.

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John Sabia

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