[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$ffxjaqmtic8pe":3,"$ffeh0925h8cuz":47,"$f2emv3tus0uf1":51,"$fbwk2pqjjqsc7":55},{"item":4,"previous":35,"next":41},{"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":33,"updatedAt":34},780,"a-tale-of-two-markets-inventory-mismatch-paints-a-more-detailed-picture","A Tale of Two Markets: Inventory Mismatch Paints a More Detailed Picture","The inventory of existing homes for sale in today’s market was recently reported to be at a 3.6-month supply according to the \u003Cem>National Association of Realtors\u003C\u002Fem> \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fnews-releases\u002F2017\u002F02\u002Fexisting-home-sales-jump-in-january\">latest\u003C\u002Fa> \u003Cem>Existing Home Sales Report\u003C\u002Fem>. Inventory is now 7.1% lower than this time last year, marking the 20\u003Csup>th\u003C\u002Fsup> consecutive month of year-over-year drops.","","blog","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2017\u002F03\u002F13140139\u002F20170315-Share-STM.jpg","The inventory of existing homes for sale in today’s market was recently reported to be at a 3.6-month supply according to the \u003Cem>National Association of Realtors\u003C\u002Fem> \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fnews-releases\u002F2017\u002F02\u002Fexisting-home-sales-jump-in-january\">latest\u003C\u002Fa> \u003Cem>Existing Home Sales Report\u003C\u002Fem>. Inventory is now 7.1% lower than this time last year, marking the 20\u003Csup>th\u003C\u002Fsup> consecutive month of year-over-year drops.\u003C!--more-->\r\n\r\nHistorically, inventory must reach a 6-month supply for a normal market where home prices appreciate with inflation. Anything less than a 6-month supply is a sellers’ market, where the demand for houses outpaces supply and prices go up.\r\n\r\nAs you can see from the chart below, the United States has been in a sellers’ market since August 2012, but last month’s numbers reached a new low.\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2017\u002F03\u002F20170315-STM-ENG1.jpg\">\u003Cimg class=\"alignnone wp-image-35192\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2017\u002F03\u002F20170315-STM-ENG1.jpg\" alt=\"A Tale of Two Markets: Inventory Mismatch Paints a More Detailed Picture | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\r\nRecently \u003Cem>Trulia\u003C\u002Fem> \u003Ca href=\"https:\u002F\u002Fwww.trulia.com\u002Fblog\u002Ftrends\u002Fmarket-mismatch-q12017\u002F\">revealed\u003C\u002Fa> that not only is there a shortage of homes on the market in general, but the homes that are available for sale are not meeting the needs of the buyers that are searching.\r\n\r\nHomes are generally bucketed into three groups by price range: starter, trade-up, and premium.\r\n\r\n\u003Cem>Trulia’s\u003C\u002Fem> market mismatch score measures the search interest of buyers against the category of homes that are available on the market. For example: \u003Cem>“if 60% of buyers are searching for starter homes but only 40% of listings are starter homes, [the] market mismatch score for starter homes would be 20.”\u003C\u002Fem>\r\n\r\nThe results of their latest analysis are detailed in the chart below.\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2017\u002F03\u002F20170315-STM-ENG2.jpg\">\u003Cimg class=\"alignnone wp-image-35193\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2017\u002F03\u002F20170315-STM-ENG2.jpg\" alt=\"A Tale of Two Markets: Inventory Mismatch Paints a More Detailed Picture | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\r\nNationally, buyers are searching for starter and trade-up homes and are coming up short with the listings available, leading to a highly competitive seller’s market in these categories. Ninety-two of the top 100 metros have a shortage in trade-up inventory.\r\n\r\nPremium homebuyers have the best chance of less competition and a surplus of listings in their price range with an 11-point surplus, leading to more of a buyer’s market.\r\n\u003Cblockquote>\u003Cem>“It leaves Americans who are in the market for a home increasingly chasing too fewer options in lower price ranges, and sellers of premium homes more likely to be left waiting longer for a buyer.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Cem> \u003C\u002Fem>Lawrence Yun, \u003Cem>NAR’s Chief Economist\u003C\u002Fem> doesn’t see an end to this coming any time soon:\u003Cem> \u003C\u002Fem>\r\n\u003Cblockquote>\u003Cem>“Competition is likely to heat up even more heading into the spring for house hunters looking for homes in the lower- and mid-market price range.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nReal estate is local. If you are thinking about buying OR selling this spring, let’s get together to discuss the exact market conditions in your area.","\r\nReal estate is local. If you are thinking about buying OR selling this spring, let’s get together to discuss the exact market conditions in your area.","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2017\u002F03\u002F20170315-STM-ENG1.jpg",false,[17,21,25,29],{"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},11,"First-Time Buyers","first-time-buyers",{"id":30,"name":31,"slug":32},38,"Move-Up","move-up","2017-03-15T10:00:32Z","2017-05-11T16:51:40Z",{"id":36,"slug":37,"title":38,"featuredImage":39,"publishedAt":40,"contentType":10,"isVideo":15},779,"mortgage-interest-rates-went-up-again-should-i-wait-to-buy","Mortgage Interest Rates Went Up Again… Should I Wait to Buy?","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2017\u002F03\u002F03141541\u002F20170314-Share-STM.jpg","2017-03-14T10:00:41Z",{"id":42,"slug":43,"title":44,"featuredImage":45,"publishedAt":46,"contentType":10,"isVideo":15},781,"which-homes-have-appreciated-the-most","Which Homes Have Appreciated the Most?","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2017\u002F03\u002F13143754\u002F20170316-Share-STM.jpg","2017-03-16T10:00:41Z",{"cover":48,"open":49,"shareSpread":50},"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":52,"open":53,"shareSpread":54},"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",[56,60,61,62,66,70,74,75,79,83,84,88,92,96,100,104,108,112,116,120,124,128,132,136,140,144,148,152,156,160],{"id":57,"name":58,"slug":59},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":22,"name":23,"slug":24},{"id":63,"name":64,"slug":65},7,"Foreclosures","foreclosures",{"id":67,"name":68,"slug":69},8,"Infographics","infographics",{"id":71,"name":72,"slug":73},9,"Home Prices","home-prices",{"id":26,"name":27,"slug":28},{"id":76,"name":77,"slug":78},34,"Senior Market","senior-market",{"id":80,"name":81,"slug":82},35,"Mortgage Rates","mortgage-rates",{"id":30,"name":31,"slug":32},{"id":85,"name":86,"slug":87},41,"For Sale by Owner","for-sale-by-owner",{"id":89,"name":90,"slug":91},42,"Featured","featured",{"id":93,"name":94,"slug":95},45,"New Construction","new-construction",{"id":97,"name":98,"slug":99},52,"Luxury \u002F Vacation","luxury--vacation",{"id":101,"name":102,"slug":103},53,"Rent vs. Buy","rent-vs-buy",{"id":105,"name":106,"slug":107},80,"Time-sensitive","time-sensitive",{"id":109,"name":110,"slug":111},81,"Outdated","outdated",{"id":113,"name":114,"slug":115},147,"Internal","internal",{"id":117,"name":118,"slug":119},148,"Do Not Autopost","do-not-autopost",{"id":121,"name":122,"slug":123},320,"Inventory","inventory",{"id":125,"name":126,"slug":127},321,"Agent Value","agent-value",{"id":129,"name":130,"slug":131},322,"Affordability","affordability",{"id":133,"name":134,"slug":135},323,"Buying Tips","buying-tips",{"id":137,"name":138,"slug":139},324,"Downsize","downsize",{"id":141,"name":142,"slug":143},325,"Economy","economy",{"id":145,"name":146,"slug":147},326,"Equity","equity",{"id":149,"name":150,"slug":151},327,"Forecasts","forecasts",{"id":153,"name":154,"slug":155},328,"Selling Tips","selling-tips",{"id":157,"name":158,"slug":159},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":161,"name":162,"slug":163},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]