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La demanda de los compradores continúa sobrepasando el suministro de la vivienda

La demanda de los compradores continúa sobrepasando el suministro de la vivienda

El precio de cualquier artículo es determinado por el suministro de ese artículo y la demanda del mercado. La Asociación nacional de Realtors (NAR por sus siglas en inglés) recientemente publicó su último informe de las ventas de las casas ya existentes.

Inventory Levels & Demand

Sales of existing homes rose 3.2% from May, outpacing year-over-year figures for the ninth consecutive month. Total unsold housing inventory is at a 5.0-month supply.

This is down from May’s 5.1-month supply and remains below the 6 months that is needed for a historically normal market.

Consumer confidence is at the highest level in over a decade. Pair that with interest rates still around 4%, new programs available for down payments as low as 3%, and you have an attractive market for buyers.

Buyer demand for housing surged to it’s highest level since June 2013.

Prices Rising

June marked the 40th consecutive month of year-over-year price gains as the median price of existing homes sold rose to $236,400 (up 6.5% from 2014).

So What Does This Mean?

The chart below shows the impact that inventory levels have on home prices.

The Impact of Inventory on Home Prices | Simplifying The Market

NAR’s Chief Economist, Lawrence Yun gave some insight into the correlation:

«Limited inventory amidst strong demand continues to push home prices higher, leading to declining affordability for prospective buyers.»

NAR’s President, Chris Polychron added:

«The demand for buying has really heated up this summer, leading to multiple bidders and homes selling at or above asking price.»

Bottom Line

If you are debating putting your home on the market in 2015, now may be the time. The number of buyers ready and willing to make a purchase is at the highest level in years. Let’s get together to discuss your options.


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