Your Local Prime Real EstateYour Local Prime Real Estate

Your Family Broker

203-984-8228
info@agprimerealty.com
  • Menu
  • Home
  • Buy
  • Sell
  • Our Cities
    • Stamford
    • Greenwich
    • Darien
    • New Canaan
    • Wilton
    • Westport
    • Norwalk
  • HUD Homes
    • How to Buy a HUD-Owned Home
    • HUD FAQs for Consumers and the General Public
    • HUD FAQs for Real Estate Agents
    • HUD Home Financing Codes
    • HUD Blog Postings
  • REO
  • About
  • Client Reviews
  • Contact
  • Blog

Lack of Homes for Sale Slowing Down the Housing Market

Lack of Homes for Sale Slowing Down the Housing Market | Simplifying The Market

The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up. Home sales are up. Distressed sales (foreclosures and short sales) have fallen dramatically. It seems that 2017 will be the year that the housing market races forward again.

However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory. While buyer demand looks like it will remain strong throughout the winter, supply is not keeping up.

Here are the thoughts of a few industry experts on the subject:

National Association of Realtors

“Total housing inventory at the end of December dropped 10.8%…which is the lowest level since NAR began tracking the supply of all housing types in 1999. Inventory has fallen year-over-year for 19 straight months and is at a 3.6-month supply at the current sales pace.”

Jonathan Smoke, Chief Economist for Realtor.com

“More than two-thirds of the markets are seeing less inventory now compared to a year ago.”

Lawrence Yun, Chief Economist at NAR:

“The dismal number of listings in the affordable price range is squeezing prospective first-time buyers the most. As a result, young households are missing out on the wealth gains most homeowners have accrued from the 41% cumulative rise in existing home prices since 2011.”

Sam Khater, Deputy Chief Economist at CoreLogic

“The lack of affordable supply is really driving up home prices.”

Peter Muoio, Chief Economist at Auction.com

“Tight housing inventory remains a constraining factor limiting stronger sales growth…

We expect further price growth to entice more homeowners to list their homes, particularly as existing homeowners have greater equity.”

Bottom Line 

If you are thinking of selling, now may be the time. Demand for your house will be strong at a time when there is very little competition. That could lead to a quick sale for a really good price.

Source: KCM

Posted in: For Buyers, For Sellers, Housing Market Updates Tagged: Blockquotes

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Post navigation

« 2 Myths That May Be Holding Back Buyers
Homeownership Offers Stability & Wealth Creation »
Search for:

Featured Homes

Resources

  • Blog
  • Buying Home
  • Financing
  • First Home Buyers
  • First Time Home Buyers
  • For Buyers
  • For Sellers
  • Housing Market Updates
  • HUD
  • Infographics
  • Interest Rates
  • Millennials
  • Move-Up Buyers
  • Pricing
  • Real Estate
  • Resources
  • Selling Home
  • Uncategorized

Search Tools

  • Basic Search
  • Address Search
  • Advanced Search
  • Home Valuation
  • Map Search
  • My Account
  • MLS Number
  • Contact

Our Neighborhood

Stamford

Westport

Wilton

Norwalk

Greenwich

Darien

New Canaan

REAL ESTATE IN FOCUS

Trust… Care… Expertise… = Real Results! - Whether you buy or sell we make it hassle free. - We love what we do. - We love people. - A different approach with exceptional results!

Our Neighborhood

  • Stamford
  • Greenwich
  • Darien
  • New Canaan
  • Wilton
  • Westport
  • Norwalk

Contact Us

AG Prime Realty
Stamford, CT 06903

203-984-8228
info@agprimerealty.com
© 2025 · AG Prime Realty LLC, Licensed Real Estate Broker, Stamford, CT 06903
Sage

hud-logo2

Log in