Trulia Limited Listings Limited Window

Trulia Limited Listings Limited Window

Housing markets most squeezed by inventory shortages in recent years are seeing listings come off the market in record time.The recently released Trulia® Inventory and Price Watch identifies an ongoing trend in the housing market: the more inventory declines, the less time homes spend on the market. Supply kept falling in the second quarter of 2017, down 8.9 percent year-over-year, marking a record nine quarters in a row. 

 According to Trulia, there is a link between the movement of available inventory and the days homes stay on-market, with fewer homes on the market after two months in areas where supply has dropped significantly in the last five years.

Current inventory conditions are also eroding affordability, especially for first-time homebuyers in the market for starter homes, which would require 39.1 percent of their monthly income. Buying a trade-up home, to compare, would require 26 percent of monthly income, and buying a premium home would require 14.3 percent of monthly income.“Markets that have witnessed larger decreases in inventory have experienced larger declines in the share of homes still sitting on the market after two months,” says Ralph McLaughlin, chief economist at Trulia. “With these declines, falling inventory has also pushed affordability of homes across all segments to new post-recession lows.“As inventory continues shrink, the few homes that are available are flying off the market within a couple of months,” McLaughlin says. “In the tightest markets in California, only one in four homes are still on the market after two months. Clearly, this spring [did] not bringing the inventory relief buyers so desperately need. In today’s frenzied market, buyers must be prepared to 1), move fast, 2) be flexible with sellers’ timelines, and 3) make multiple offers.”


Monica Tobon Headshot
Author:
Phone: 954-254-1515
Dated: July 4th 2017
Views: 7
About Monica: ...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

New $25K homestead property-tax break on Nov. 6 ballot - TALLAHASSEE – June 18, 2018
US Tax on Imports and Real Estate - If you’ve read the news in
GL Homes DAKOTA - Have you seen a GL Home? 
Should retirees pay off the house early? - NEW YORK – June 6, 2018

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

United Realty Group
1402 Royal Palm Beach Blvd #700
Royal Palm Beach, FL
561-513-5723
5615849007