{"id":1971,"date":"2017-10-04T10:00:22","date_gmt":"2017-10-04T10:00:22","guid":{"rendered":"https:\/\/thezakariagroup.com\/a-tale-of-two-markets-a-6-month-update\/"},"modified":"2017-10-04T10:00:22","modified_gmt":"2017-10-04T10:00:22","slug":"a-tale-of-two-markets-a-6-month-update","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/a-tale-of-two-markets-a-6-month-update\/","title":{"rendered":"A Tale of Two Markets: A 6-Month Update"},"content":{"rendered":"
\n

\"A<\/p>\n

Six months ago, we reported<\/a> that the mismatch between the type of inventory of homes for sale and the demand of buyers in the US was causing the formation of two markets.<\/span><\/p>\n

In the starter and trade-up home categories, there were significantly more buyers than there were homes for sale, causing a seller\u2019s market.<\/strong> In the premium, or luxury, home categories, the opposite was true as there was a surplus of these homes compared to the buyers that were out searching for their dream homes, which created a buyer\u2019s market.<\/strong><\/p>\n

According to the National Association of Realtors<\/em> latest<\/a> Existing Home Sales Report<\/em>, the inventory of existing homes for sale in today\u2019s market is at a 4.2-month supply. Inventory is now 6.5% lower than this time last year, marking the 27th<\/sup> consecutive month of year-over-year decreases.<\/p>\n

Looking at the latest report<\/a> from Trulia<\/em>, we can see that not much has changed, and in fact, recent natural disasters across the country have made inventory conditions even more dire.<\/p>\n

Trulia\u2019s<\/em> market mismatch score measures the search interest of buyers against the category of homes that are available on the market. For example: \u201cif 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.\u201d<\/em><\/p>\n

The results of their latest analysis are detailed in the chart below.<\/p>\n

\"A<\/a><\/p>\n

Nationally, buyers are searching for starter and trade-up homes and are coming up short with the listings available, which is leading to a highly competitive seller\u2019s market in these categories.<\/p>\n

Premium homebuyers, on the other hand, have the best chance of less competition and more inventory of listings in their price range with a 14.7-point surplus, which is creating more of a buyer\u2019s market.<\/p>\n

Bottom Line<\/strong><\/h3>\n

Real estate is local. If you are thinking about buying OR selling this fall, let\u2019s get together to discuss the exact market conditions in your area.<\/p>\n<\/div>\n

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

Six months ago, we reported that the mismatch between the type of inventory of homes for sale and the demand of buyers in the US was causing the formation of two markets. In the starter and trade-up home categories, there were significantly more buyers than there were homes for sale, causing a seller\u2019s market. In […]<\/p>\n","protected":false},"author":101010,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[98,99,100,102,101],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\nA Tale of Two Markets: A 6-Month Update - The Zakaria Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thezakariagroup.com\/a-tale-of-two-markets-a-6-month-update\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Tale of Two Markets: A 6-Month Update - The Zakaria Group\" \/>\n<meta property=\"og:description\" content=\"Six months ago, we reported that the mismatch between the type of inventory of homes for sale and the demand of buyers in the US was causing the formation of two markets. 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