3 Expert Insights On Inventory In The Current Market

The current housing landscape presents greater home values, lowinterest rates, and high buyer demand. All of these factors pointto the strong market forecasted to continue throughoutthe rest of the year.

There is, however, one thing that may cause the industry to tapthe brakes: an overall lack of housing inventory. Buyer demand naturally increases during thesummer months, but the current supply is not keeping up.

Here is a look at what a few industry experts have tosay:

Lawrence Yun, ChiefEconomist at National Association ofRealtors

“Imbalance persists for mid-to-lower priced homes withsolid demand and insufficient supply, which is consequently pushingup home prices.”

MarkFleming, Chief Economist of FirstAmerican

“Market conditions are ripe for increasing home saleswith one glaring exception. The supply of homes for sale remainstight, keeping existing home sales below potential.”

DanielleHale, ChiefEconomist of Realtor.com

“We're not seeing as many new listings come up onthe market…It was only 18 months ago that the number ofhomes for sale hit its lowest level in recorded history and sparkedthe fiercest competition among buyers we've everseen.”

Bottom Line

If you’re thinking of selling, now may be the time. Demandfor your house will be strong during a period when there is verylittle competition, ideally leading to a quick sale and a greatreturn on your investment.