[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$ftx23rlxph6mi":3,"$ffeh0925h8cuz":42,"$f2emv3tus0uf1":46,"$fbwk2pqjjqsc7":50},{"item":4,"previous":31,"next":37},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":29,"updatedAt":30},264,"housing-inventory-slowly-disappearing","Housing Inventory Slowly Disappearing","The price of any item is determined by the supply of that item, and the market demand. The National Association of Realtors (NAR) released their latest Existing Home Sales Report this week.\r\n\u003Ch3>\u003Cstrong>Inventory Levels & Demand\u003C\u002Fstrong>\u003C\u002Fh3>\r\nAmidst reporting on the fact that sales of existing homes rose 1.2% from January, and outpaced year-over-year figures for the fifth consecutive month, was the news that total unsold housing inventory is at 4.6-month supply.\r\n","","blog","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2015\u002F03\u002F01162655\u002FHousing-Inventory-Disappearing.jpg","The price of any item is determined by the supply of that item, and the market demand. The National Association of Realtors (NAR) released their latest Existing Home Sales Report this week.\r\n\u003Ch3>\u003Cstrong>Inventory Levels & Demand\u003C\u002Fstrong>\u003C\u002Fh3>\r\nAmidst reporting on the fact that sales of existing homes rose 1.2% from January, and outpaced year-over-year figures for the fifth consecutive month, was the news that total unsold housing inventory is at 4.6-month supply.\r\n\u003C!--more-->\r\n\r\nThis is down 0.5% from last February and remains below the 6 months that is needed for a historically normal market.\r\n\r\nConsumer confidence is at the \u003Ca href=\"http:\u002F\u002Fwww.keepingcurrentmatters.com\u002F2015\u002F02\u002F10\u002Fconsumer-confidence-at-highest-level-in-over-a-decade\u002F\">highest level\u003C\u002Fa> in over a decade. Pair that with interest rates still under 4%, new \u003Ca href=\"http:\u002F\u002Fwww.keepingcurrentmatters.com\u002F2015\u002F03\u002F23\u002Ffreddie-macs-new-3-down-program\u002F\">programs\u003C\u002Fa> available for down payments as low as 3%, and you have an attractive market for buyers.\r\n\r\nBuyer demand for housing remains twice as high as this time \u003Ca href=\"http:\u002F\u002Fwww.realtor.org\u002Finfographics\u002Ffebruary-2015-foot-traffic\">last year\u003C\u002Fa>.\r\n\u003Ch3>\u003Cstrong>Prices Rising\u003C\u002Fstrong>\u003C\u002Fh3>\r\nFebruary marked the 36\u003Csup>th\u003C\u002Fsup> consecutive month of year-over-year price gains as the median price of existing homes sold rose to $202,600 (up 7.5% from 2014).\r\n\u003Ch3>\u003Cstrong>So What Does This Mean?\u003C\u002Fstrong>\u003C\u002Fh3>\r\nThe chart below shows the impact that inventory levels have on home prices.\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2015\u002F03\u002FMarch2015-16.jpg\">\u003Cimg class=\"alignnone wp-image-30360\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2015\u002F03\u002FMarch2015-16.jpg\" alt=\"The Impact of Inventory on Home Prices | Simplifying The Market\" width=\"600\" height=\"450\" \u002F>\u003C\u002Fa>\r\n\r\nNAR’s Chief Economist, Lawrence Yun gave some insight into the correlation:\r\n\u003Cblockquote>\u003Cem>\"Insufficient supply appears to be hampering prospective buyers in several areas of the country and is hiking prices. Stronger price growth is a boon for homeowners looking to build additional equity, but it continues to be an obstacle for current buyers looking to close before (interest) rates rise.\"\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nIf you are debating putting your home on the market this year, now may be the time. The number of buyers ready and willing to make a purchase is at the highest level in years. Contact a local professional in your area to get the process started.","\r\nIf you are debating putting your home on the market this year, now may be the time. The number of buyers ready and willing to make a purchase is at the highest level in years. Contact a local professional in your area to get the process started.","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2015\u002F03\u002FMarch2015-16.jpg",false,[17,21,25],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},6,"For Sellers","sellers",{"id":26,"name":27,"slug":28},9,"Home Prices","home-prices","2015-03-26T10:00:02Z","2016-04-29T15:45:12Z",{"id":32,"slug":33,"title":34,"featuredImage":35,"publishedAt":36,"contentType":10,"isVideo":15},263,"baby-boomers-home-is-where-the-heart-is","Baby Boomers: Home Is Where The Heart Is","https:\u002F\u002F\u002F","2015-03-25T10:00:26Z",{"id":38,"slug":39,"title":40,"featuredImage":35,"publishedAt":41,"contentType":10,"isVideo":15},265,"nars-existing-home-sales-report-infographic-7","NAR's Existing Home Sales Report [INFOGRAPHIC]","2015-03-27T10:00:32Z",{"cover":43,"open":44,"shareSpread":45},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",{"cover":47,"open":48,"shareSpread":49},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[51,55,56,57,61,65,66,70,74,78,82,86,90,94,98,102,106,110,114,118,122,126,130,134,138,142,146,150,154,158],{"id":52,"name":53,"slug":54},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":22,"name":23,"slug":24},{"id":58,"name":59,"slug":60},7,"Foreclosures","foreclosures",{"id":62,"name":63,"slug":64},8,"Infographics","infographics",{"id":26,"name":27,"slug":28},{"id":67,"name":68,"slug":69},11,"First-Time Buyers","first-time-buyers",{"id":71,"name":72,"slug":73},34,"Senior Market","senior-market",{"id":75,"name":76,"slug":77},35,"Mortgage Rates","mortgage-rates",{"id":79,"name":80,"slug":81},38,"Move-Up","move-up",{"id":83,"name":84,"slug":85},41,"For Sale by Owner","for-sale-by-owner",{"id":87,"name":88,"slug":89},42,"Featured","featured",{"id":91,"name":92,"slug":93},45,"New Construction","new-construction",{"id":95,"name":96,"slug":97},52,"Luxury \u002F Vacation","luxury--vacation",{"id":99,"name":100,"slug":101},53,"Rent vs. Buy","rent-vs-buy",{"id":103,"name":104,"slug":105},80,"Time-sensitive","time-sensitive",{"id":107,"name":108,"slug":109},81,"Outdated","outdated",{"id":111,"name":112,"slug":113},147,"Internal","internal",{"id":115,"name":116,"slug":117},148,"Do Not Autopost","do-not-autopost",{"id":119,"name":120,"slug":121},320,"Inventory","inventory",{"id":123,"name":124,"slug":125},321,"Agent Value","agent-value",{"id":127,"name":128,"slug":129},322,"Affordability","affordability",{"id":131,"name":132,"slug":133},323,"Buying Tips","buying-tips",{"id":135,"name":136,"slug":137},324,"Downsize","downsize",{"id":139,"name":140,"slug":141},325,"Economy","economy",{"id":143,"name":144,"slug":145},326,"Equity","equity",{"id":147,"name":148,"slug":149},327,"Forecasts","forecasts",{"id":151,"name":152,"slug":153},328,"Selling Tips","selling-tips",{"id":155,"name":156,"slug":157},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":159,"name":160,"slug":161},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]