[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f3bwo8wkeski3x":3,"$ffeh0925h8cuz":42,"$f2emv3tus0uf1":46,"$fbwk2pqjjqsc7":50},{"item":4,"previous":30,"next":36},{"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":29},1927,"why-this-isnt-your-typical-summer-housing-market","Why This Isn’t Your Typical Summer Housing Market","In real estate, it’s normal to see ebbs and flows in the market. Typically, the summer months are slower-paced than the traditionally busy spring. But this isn’t a typical summer. As the economy rebounds and life is returning to normal, the real estate market is expected to have an unusually strong summer season.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F07\u002F12150849\u002F20210713-KCM-Share.jpg","In real estate, it’s normal to see ebbs and flows in the market. Typically, the summer months are slower-paced than the traditionally busy spring. But this isn’t a typical summer. As the economy rebounds and life is returning to normal, the real estate market is expected to have an unusually strong summer season.\u003C!--more-->\r\n\r\nHere’s how this summer is stacking up against the norm and what it means for you.\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2021\u002F07\u002F20210713-MEM-Eng-1a.png\">\u003Cimg class=\"aligncenter wp-image-44723\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2021\u002F07\u002F20210713-MEM-Eng-1a.png\" alt=\"Why This Isn’t Your Typical Summer Housing Market | Simplifying the Market\" width=\"650\" height=\"314\" \u002F>\u003C\u002Fa>\r\n\u003Ch4>\u003Cstrong>Inventory is increasing.\u003C\u002Fstrong>\u003C\u002Fh4>\r\nAccording to the latest \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fresearch-and-statistics\u002Fhousing-statistics\u002Fexisting-home-sales\">\u003Cem>Existing Home Sales Report\u003C\u002Fem>\u003C\u002Fa> from the \u003Cem>National Association of Realtors\u003C\u002Fem> (NAR), \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2021\u002F06\u002F15\u002Fhope-is-on-the-horizon-for-todays-housing-shortage\u002F\">inventory levels\u003C\u002Fa> have been rising since February of this year. Looking at the graph below, there’s a clear upward trend, as shown in the green bars. Currently, there’s roughly a 2.5 months’ supply of homes for sale. And while inventory is trending up as more houses are coming to the market, it’s still much lower than several of the previous summers, as the orange bars indicate.\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2021\u002F07\u002F20210713-MEM-Eng-2.png\">\u003Cimg class=\"aligncenter wp-image-44718\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2021\u002F07\u002F20210713-MEM-Eng-2.png\" alt=\"Why This Isn’t Your Typical Summer Housing Market | Simplifying the Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\u003Cstrong>\u003Cem>If you’re looking to buy\u003C\u002Fem>\u003C\u002Fstrong>, some relief is on the way in the form of more homes coming to the market. Just remember, we still have less inventory than \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2021\u002F03\u002F29\u002Fwhat-it-means-to-be-in-a-sellers-market\u002F\">the norm\u003C\u002Fa>, so \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2021\u002F06\u002F25\u002Fhomebuyers-hang-in-there-infographic\u002F\">be patient\u003C\u002Fa> in your search.\r\n\r\n\u003Cstrong>\u003Cem>If you’re thinking of selling\u003C\u002Fem>\u003C\u002Fstrong>\u003Cem>,\u003C\u002Fem> now is the time. Work with your agent to \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2021\u002F06\u002F16\u002Fdont-wait-to-sell-your-house\u002F\">list your house\u003C\u002Fa> before it has more competition on the market.\r\n\u003Ch4>\u003Cstrong>Time on the market is still shorter than normal.\u003C\u002Fstrong>\u003C\u002Fh4>\r\nUnlike the typical summer trend, time on the market is moving at the fastest speed we’ve seen since NAR started collecting this survey-based information in 2011. The most recent \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fresearch-and-statistics\u002Fresearch-reports\u002Frealtors-confidence-index\">\u003Cem>Realtors Confidence Index\u003C\u002Fem>\u003C\u002Fa> shows that the average home is on the market for just 17 days, as shown in green in the graph below. This means houses are selling at a much faster pace than a typical summer, which the orange bars represent.\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2021\u002F07\u002F20210713-MEM-Eng-3.png\">\u003Cimg class=\"aligncenter wp-image-44717\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2021\u002F07\u002F20210713-MEM-Eng-3.png\" alt=\"Why This Isn’t Your Typical Summer Housing Market | Simplifying the Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\u003Cstrong>\u003Cem>If you’re looking to buy\u003C\u002Fem>\u003C\u002Fstrong>, this means you need to be prepared to move fast. Brace for a quick pace and rely on your agent to stay in the know on the available homes in your area.\r\n\r\n\u003Cstrong>\u003Cem>If you’re thinking of selling\u003C\u002Fem>\u003C\u002Fstrong>\u003Cem>,\u003C\u002Fem> data shows your house will likely sell quickly. If you’re worried about where you’ll go once your house sells, consider a newly built home as a good way to \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2021\u002F06\u002F03\u002Fdreaming-of-a-bigger-home-why-not-buy-it-this-year\u002F\">move up\u003C\u002Fa>.\r\n\u003Ch4>\u003Cstrong>Price appreciation is still rising. \u003C\u002Fstrong>\u003C\u002Fh4>\r\nThe last big factor making this an unusually strong market this summer is \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2021\u002F07\u002F06\u002Fa-look-at-home-price-appreciation-through-2025\u002F\">home price appreciation\u003C\u002Fa>. According to the \u003Ca href=\"https:\u002F\u002Fwww.fhfa.gov\u002FDataTools\u002FTools\u002FPages\u002FHouse-Price-Index-(HPI).aspx\">\u003Cem>State House Price Index\u003C\u002Fem>\u003C\u002Fa> from the \u003Cem>Federal Housing Finance Agency\u003C\u002Fem> (FHFA), we’re currently experiencing double-digit house price appreciation and have an average of 12.6% appreciation across the country. The graph below uses data from \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fresearch-and-statistics\u002Fhousing-statistics\u002Fexisting-home-sales\">NAR\u003C\u002Fa> to show a more granular view of how prices have changed month-to-month over the past few years. The green bars show the current price appreciation we’re experiencing today. Our current levels are well above what we’ve seen in recent summers, shown by the orange bars.\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2021\u002F07\u002F20210713-MEM-Eng-4.png\">\u003Cimg class=\"aligncenter wp-image-44716\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2021\u002F07\u002F20210713-MEM-Eng-4.png\" alt=\"Why This Isn’t Your Typical Summer Housing Market | Simplifying the Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\u003Cstrong>\u003Cem>If you’re looking to buy\u003C\u002Fem>\u003C\u002Fstrong>, competition and bidding wars are driving prices up. Getting \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2021\u002F06\u002F22\u002Fpre-approval-makes-all-the-difference-when-buying-a-home\u002F\">pre-approved\u003C\u002Fa> can show the seller you’re serious and help you know what you can afford. Once you do, work with your agent to make a \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2021\u002F06\u002F21\u002F5-things-homebuyers-need-to-know-when-making-an-offer\u002F\">strong offer\u003C\u002Fa> that stands out.\r\n\r\n\u003Cstrong>\u003Cem>If you’re thinking of selling\u003C\u002Fem>\u003C\u002Fstrong>\u003Cem>,\u003C\u002Fem> seize this opportunity to use your additional \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2021\u002F06\u002F23\u002Fhomeowner-wealth-increases-through-growing-equity-this-year\u002F\">equity\u003C\u002Fa> from this price appreciation to power your next move.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nThis isn’t a typical summer. Whether you’re buying or selling, let’s connect to talk about how you can capitalize on today’s market conditions to sell your house or find your dream home.","\r\nThis isn’t a typical summer. Whether you’re buying or selling, let’s connect to talk about how you can capitalize on today’s market conditions to sell your house or find your dream home.","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2021\u002F07\u002F20210713-MEM-Eng-1a.png",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","2021-07-13T10:00:08Z",{"id":31,"slug":32,"title":33,"featuredImage":34,"publishedAt":35,"contentType":10,"isVideo":15},1924,"4-major-incentives-to-sell-this-summer","4 Major Incentives To Sell This Summer","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F07\u002F06144128\u002F20210712-KCM-Share.jpg","2021-07-12T10:00:23Z",{"id":37,"slug":38,"title":39,"featuredImage":40,"publishedAt":41,"contentType":10,"isVideo":15},1928,"housing-supply-is-rising-what-does-that-mean-for-you","Housing Supply Is Rising. What Does That Mean for You?","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F07\u002F13104037\u002F20210714-KCM-Share.jpg","2021-07-14T10:00:52Z",{"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"]