The forces keeping inventory down are a bit more nuanced, but no less logical. In the simplest sense, high demand itself isn’t helping the market build up an inventory cushion of homes for sale – in many markets, homes are scooped up seemingly as soon as they’re listed. A second driver of low inventory has been anemic new construction.

The housing market picked up in March as buyers closed on 7,072 single-family homes. demand for rental homes spiked 18.4 percent. >>>The median sale price for a single-family home was $240,000.

In summary, the 2018 housing market will experience strong demand, but buyers will be challenged by rising prices-especially if they are looking for starter or lower-priced homes. For example, the National Association of Realtors forecasts that existing home sales will increase 6.9 percent from 2017 levels, while new single-family home sales will increase 17.1 percent nationally.

Both lenders are paring staff to keep expenses in line with demand for loans, which has waned as investors and cash buyers. tight housing inventory in some markets, and the purchase market was.

Housing Market Forecast to Shift to Favor Buyers by 2019. Alaska topped the list with a 39% likelihood of home price declines in the next two years; followed by North Dakota with a 33% chance; Wyoming, 31%; West Virginia, 26%; Oklahoma, 16%; Louisiana, 15%; New Mexico, 11%; and Mississippi, 10%.

While the inventory situation appears to be improving, the Denver housing market is still well below the 5- to 6-month supply level that economists consider to be a "balanced" market. So home buyers will want to give themselves plenty of time to find a suitable property. Overall, the Denver real estate market is beginning to shift to favor buyers over sellers. In past years, inventory shortages and soaring demand put sellers in the driver’s seat. But that is now changing.

This season, more than any in recent years, agents are also sharing that potential buyers have become more flexible in their housing. main drivers behind the inventory that does make it on to the.

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ENGLEWOOD, CO. – May 10, 2019 – The much-anticipated influx of new spring season listings in Colorado’s housing market has had a limited impact for buyers as strong sales and continued low inventory have driven median and average pricing to record levels in the seven-county Denver metro area, as well as markets across the state.

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