#movehere

[thelistingteammiami]

Are We Heading into a Balanced Market?

Are We Heading into a Balanced Market?

If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand. But is that going to shift now that inventory is growing? Here’s a breakdown of what you need to know.

What Is a Balanced Market?

A balanced market is generally defined as a market with about a five-to-seven-month supply of homes available for sale. In this type of market, neither buyers nor sellers have a clear advantage. Prices tend to stabilize, and there’s a healthier number of homes to choose from. And after many years when sellers had all the leverage, a more balanced market would be a welcome sight for people looking to move. The question is – is that really where the market is headed?

After starting the year with a three-month supply of homes nationally, inventory has increased to four months. That may not sound like a lot, but it means the market is getting closer to balanced – even though it’s not quite there yet. It’s important to note this increase in inventory is not leading to an oversupply that would cause a crash. Even with the growth lately, there’s still nowhere near enough supply for that to happen.

The graph below uses data from the National Association of Realtors (NAR) to give you an idea of where inventory has been in the past, and where it’s at today:

For now, this is still seller’s market territory – it’s just not as frenzied of a seller’s market as it’s been over the past few years. As Mark Fleming, Chief Economist at First American, says:

“The faster housing supply increases, the more affordability improves and the strength of a seller’s market wanes.”

What This Means for You and Your Move

Here's how this shift impacts you and the market conditions you'll face when you move. Lawrence Yun, Chief Economist at NAR, explains:

“Homes are sitting on the market a bit longer, and sellers are receiving fewer offers. More buyers are insisting on home inspections and appraisals, and inventory is definitively rising on a national basis.”

The graphs below use the latest data from NAR and Realtor.com to help show examples of these changes:

Homes Are Sitting on the Market Longer: Since more homes are on the market, they’re not selling quite as fast. For buyers, this means you may have more time to find the right home. For sellers, it’s important to price your house right if you want it to sell. If you don’t, buyers might choose better-priced options.

Sellers Are Receiving Fewer Offers: As a seller, you might need to be more flexible and willing to compromise on price or terms to close the deal. For buyers, you could start to face less intense competition since you have more options to choose from.

Fewer Buyers Are Waiving Inspections: As a buyer, you have more negotiation power now. And that’s why fewer buyers are waiving inspections. For sellers, this means you need to be ready to negotiate and address repair requests to keep the sale moving forward.

How a Real Estate Agent Can Help

But this is just the national picture. The type of market you’re in is going to vary a lot based on how much inventory is available. So, lean on a local real estate agent for insight into how your area stacks up.

Whether you’re buying or selling, understanding how the market is changing gives you a big advantage. Your agent has the latest data and local insights, so you know exactly what’s happening and how to navigate it.

Bottom Line

The real estate market is always changing, and it’s important to stay informed. Whether you’re buying or selling, understanding this shift toward a balanced market can help. If you have any questions or need expert advice, don’t hesitate to reach out.

[danbusler]

The Struggle of Groomsmen: Balancing Tradition and Fun

No fun for the groomsmen

Oh, why did we agree,When they asked us to beGroomsmen for this wedding shindig,Oh, why couldn’t we see?How there’d be no chance,To be who we are,To throw food and laugh,And roll ’round near and far.Now they yell, “Keep that suit clean!It’s rented, so refrain,No running, no playing,No spilling anything that might stainSo we stand here like statuesNot a muscle we moveHere on the golf courseWe…

[dreamaketron]

Looking like a 9.99% Increase in Average Home Sales Closing Out June 2022!

@ Only 44 Average Days on Market it safe to stay our market is still smoldering.  

[royallepagecasie]

Congratulation to my Seller on the successful sale of 143 Hollywood Crescent in Lillooet BC. I am so fortunate to be able to represent such wonderful families in the area. #listmyhome #listingagent #RuralRealtor #development #investmentproperty #movehere #northofvancouver #royallepagecanada#womeninbusiness #KamloopsRealEstate If you are looking to list your home or purchase and have questions about the real estate market in our rural communities please feel free to reach out to me anytime! casie@royallepage.ca 778-209-0305 (at Lillooet, British Columbia) https://www.instagram.com/p/CNqD7kLByye/?igshid=1p0cgcn13jki

[flyingazrolls]

#somuchfun with #grandma Tini and #grandpa whiskers!! We always love them to be with us and can’t wait for them to #movehere !!! We also loved watching the video of Grandma Tini flopping like a fish on the ground and watching them #ski !! See you soon!!! (at Sugar Bowl Resort) https://www.instagram.com/p/CMIuY3XlMyy/?igshid=lwtv0tvav7pg

[vegan-dweeb]

Miss you already, my dude. 👭 . . . #sandiego #loveyou #bestfriends #bff #cuteashell #movehere #now #missyou #soulmates #wine #imnotcrying #yourecrying (at Whistle Stop Bar)

[kerinrealty]

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A post shared by Kerin - Over $200,000,000 Sold!📣 (@thekeringroup)

Does your community have a water park??🏄‍♂️🏊‍♂️🤽‍♂️ I think Not!!! Move to FLORIDA & call KerinRealty (813)699-1800 #waterslide #waterpark #KerinRealty #wesleychapel #florida #movehere #sunny #water #wow #movetoflorida #movealready #gethere #follow #theridge #kerin #kr #keller #hellyou (at The Ridge at Wiregrass Ranch by GL Homes) https://www.instagram.com/p/BnFkqPYFry8/?utm_source=ig_tumblr_share&igshid=xnlnktntv3k4

[readydetroit]

#MondayMotivation for my #Detroiters ….. - - - #Movehere #Detroit #amazon #quote #quotes #comment #comments #city #video #tweegram #quoteoftheday #song #funny #life #instagood #love #photooftheday #igers #instagramhub #tbt #instadaily #true #instamood #nofilter #word (at Detroit, Michigan)

[cravingapeace]

When you get to do unlimited, free river floats on your weekend or after work, you know you've done something right. We pulled off this 10k aqua journey with an inflatable mattress, a couple of floats, a surfboard, an Explorer boat, and a blow up duck. It was an absolute crack up and we're doing it every day for the rest of the summer. 🏄🏽‍♀️ 🏄🏽‍♀️ 🏄🏽‍♀️ If you want to move to Queenstown after seeing this, I don't blame you! My Queenstown-based, travel blog will help you figure out the process of moving abroad, and more specifically, building a life in Queenstown. If you subscribe, you could be in for a chance to win a FREE bungy jump on the 1st of February when it launches. Click the link in my bio! 🏄🏽 🏄🏽 🏄🏽 #livinginqueenstown #lifeinqueenstown #expatlife #expatliving #goabroad #workabroad #liveabroad #movehere #alifeofadventure #kawarauriverfloats #freequeenstownstuff #mattress #freebungy #freestuff #travelbloggerslife #veganblog #queenstownblog #cravingapeace #queenstownholidays (at Kawarau River)

[chrisguziak]

Just a December morning......

#whywelivehere #lagunabeach #closestthingtoheaven #lagunarealty #rockstarrealty #lagunabeachsecrets #livethislife #movehere #callusnow #seeingisbelieving #lagunalife #orangecounty

[bigburcfitt]

Had the best day with my beautiful niece. Really happy to have you here. #funday #burramundi #selfiesallday #movehere @livvydenise wish you were here too (at Sydney Harbour)

[theperksofbeinglonely]

#steubs #bestfriend #imissyou #movehere #loveyou #hateyou #iowasucks @swagman_patrick

[loveinquotesposts]

https://loveinquotes.com/yet-here-one-time-your-spirit-was-wont-to-movehere-might-i-hope-to-find-you-day-or-nightand-here-i-come-to-look-for-you-my-loveeven-now-foolishly-knowing-you-are-dead-%e2%80%95-edna-st-vi/

Yet here one time your spirit was wont to move;Here might I hope to find you day or night,And here I come to look for you, my love,Even now, foolishly, knowing you are dead. ― Edna St. Vincent Millay, Second April

#EdnaStVincentMillay, #EdnaStVincentMillayEdnaStVincentMillayLoveQuotes, #EdnaStVincentMillayLoveQuotes, #EdnaStVincentMillayQuotes, #SecondApril, #SecondAprilQuotes

[batidadecoci]

> suburban < #suburbandreams #letsmove . . . #letsdothis #suburbanlife #suburbanliving #windows #windowsopen #jointhemovement #movehere #moveoften #movingon #movement #move #rausaufsland #raus #wirziehenaufsland #suburban #dream #quietlife #gettingold #gettingoldtogether #love #lovehim #loveislove #letsgrowoldtogether #housegoals #openhouse #iwantadog #iwantitall #👫

[stainlesssteelsaysso]

Time to make a move in life.😃 Do You agree?😃😃Like; Follow & Comment.😃 Turn On Post Notifications↗↗↗ Doubletap and Tag a Friend. 🔱Become our model; 1. Make a stylish Photo of You and our wide Share a Smile Logo. 2. Upload the picture to Your gallery and tag us @StainlessSteelSaysSo. 3. The best pictures will be selected and featured on our site and network.😃 P.S. Make a friend smile. 😃😃😃Join our 'Share a Smile' event on Facebook.😃😃😃 #stainlesssteelsaysso #move #movez #moveback #movember #movement #movemore #movebitch #movebitchgetouttheway #movealong #movearound #moves #moveslikejagger #moved #movedon #movedin #moveday #moveforward #movefoward #movehere #moveliveontour #movewell #movewithhart #moveweight #moveeveryday #mover #movers #moversandshakers #moveyourass #moveyourbody (na lokaciji Manhattan, New York)

[kerinrealty]

March 1st in FLORIDA, wanna go swimming 🏊 Are you ready to move here yet? #florida 🌞 #swimming #winter #tampa #movehere #fl #pool (at KerinRealty Realtor)