Real estate market reaches equilibrium between buyers and sellers

Three months before the “current market conditions” investigation showed that the U.S. housing market is a rare balance between buyer and seller demand for the first time in eight years. The latest quarterly survey shows that equilibrium has been reached – 41% of buyers of real estate said that the sellers, 40% said that there are more buyers for sellers and 19% had a balanced 50 — 50.

Main exceptions are the Northeast, Chicago metropolitan area and in the western states. (See the second quarter figure.) Home Buyers Sellers margins in Chicago and west, while the number of buyers-sellers in the Northeast.
Another test of the balance of the housing market at the national level between buyers and sellers by the National Association of Realtors, which show a 6.5 months supply of homes unsold in its May report. An inventory of the supply of 5.5 to 6.0 months as balanced.
The second quarter national survey also:

• Fifty-six percent of the broker said it was now, on average, more than 60 days after the announcement of contracts for the sale of a house. This is 55% in the first quarter and 35% a year ago. Twenty-eight percent said those more than 90 days until the conclusion of the contract. Only 15% of homes for sale are sold in 30 days or less.

• Housing inventories are still at 86% have a good supply of housing in almost every price range. This is 81% in the first quarter and 38% a year ago.
• Sixty-six percent of operators indicated that the appreciation of property prices is now annual five percent or less. This is 8-10% a year ago. Home of the course of more than 10% at present to 16% on average.

• The proportion of sales of housing, 95% or more order price is currently 68%, compared to 90% a year ago. Three months ago was 75%.

• Offers multiple buyers in a meaningful way. Currently, the estimate of 32%. This was 39% in the first quarter and 70% a year ago.

• For first time buyers remains one of the three apartments for sale at the national level. Repeat buyers and are the most expensive property market. Prices of existing homes and the growing recognition of mortgage rates and interest rates have a minimal negative impact on the first purchase, on average. The exceptions are marginal qualifiers.

“We expect a balanced, more orderly market for the consumer and real estate professionals,” said Michael Bearden, president and CEO of HouseHunt, Inc. “double-digit price appreciation n ‘ is simply not viable for a period of several years and finally, after hours by car buyers. ”

Second quarter of current market conditions, general: regional results

U. S. Northeast Midwest South West Chicago, California * *

More Buyers
41% 40% 49% 30% 47% 39% 50%
More Sellers
40% 44% 30% 50% 34% 41% 19%

50-50
19% 16% 21% 20% 19% 20% 31%

Time on the market:

0-60 days
44% 35% 31% 48% 49% 49% 35%

Over 60 days
56% 65% 69% 51% 51% 51% 65%

Prices compared to the following questions:

90-95%
35% 35% 29% 37% 26% 29% 34%

95% -100% increase
65% 65% 71% 63% 74% 71% 66%

Appreciate years.:

5% or less
66% 57% 70% 73% 65% 75% 61%

5-10%
18% 30% 20% 19% 15% 11% 31%

Over 10%
16% 13% 10% 8% 20% 14% 8%

Inventory:

Good deal
86% 86% 90% 96% 83% 90% 92%

Limited time offer
14% 14% 10% 4% 17% 10% 8%

Offer Multiple

Yes
32% 35% 33% 34% 32% 18% 55%

No
68% 65% 67% 66% 68% 82% 45%

Activity:

For the first time buyers
33% 34% 41% 47% 42% 44% 35%

Thus, circulation and reproduction
67% 66% 59% 53% 58% 56% 65%

* Poll percentages California in the U.S. results and the West.
** Study metro Chicago in the two percentages. U. S. Midwest and results.

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