Demand for Homes Continues to Climb!

Tuesday, July 24, 2018   /   by Nicole Solari

Demand for Homes Continues to Climb!


Demand for Homes to Buy Continues to Climb



Across the United States, there is a severe mismatch between the low number of houses for sale and the high demand for those houses! First-time homebuyers are out in force and are being met with a highly competitive summer real estate market.


According to the National Association of Realtors (NAR), the inventory of homes for sale “has fallen year-over-year for 36 consecutive months,” and now stands at a 4.1-month supply. A 6-month supply of inventory is necessary for a balanced market and has not been seen since August of 2012.


NAR’s Chief Economist Lawrence Yun had this to say,



“Inventory coming onto the market during this year’s spring buying season – as evidenced again by last month’s weak reading – was not even close to being enough to satisfy demand.


That is why home prices keep outpacing incomes and listings are going under contract in less than a month – and much faster – in many parts of the country.”


Is There Any Relief Coming?


According to the CoreLogic’s 2018 Consumer Housing Sentiment Study, four times as many renters are considering buying homes in the next 12 months than homeowners who are planning to sell, “which is the crux of the available housing-supply imbalance.”


Demand for Homes to Buy Continues to Climb | Keeping Current Matters


As more and more renters realize the benefits of homeownership, the demand for housing will continue to rise.


Do homeowners realize demand is so high? With home prices rising across the country, homeowners gained over a trillion dollars in equity over the last 12 months, with the average homeowner gaining over $16,000!


The map below shows the breakdown by state:


Demand for Homes to Buy Continues to Climb | Keeping Current Matters


Many homeowners who have not thought about listing their homes may not even realize how much equity they have gained, or the opportunity available to them in today’s market!


Bottom Line


If you are one of the many homeowners across the country who hasn’t quite found their forever home, now may be a great time to list your house for sale and find your dream home!


  real estate, home ownership, homebuyers, real estate agent, homes for sale, buying, realtor, selling, finances

The Solari Group
Nicole Solari
DRE# 02014153

Solano Location
4820 Business Center Drive, Ste 140
Fairfield, CA 94534
707-486-5400

Napa Location
1700 2nd Street Suite 222
Napa, CA 94559
707-819-9119

IDX Content is provided via the Internet for consumers’ personal, non-commercial use. Variable Price’ indicates the seller is willing to entertain offers within a Listing Price Range. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. IDX provided by Commissions Inc. Data last updated:January 26, 2020