However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory. Buyer demand naturally increases during the summer months, but supply is not keeping up.

Here are the thoughts of a few industry experts on the subject:

Lawrence Yun, Chief Economist at National Association of Realtors

“The worsening inventory crunch through the first three months of the year inflicted even more upward pressure on home prices in a majority of markets. Following the same trend over the last couple of years, a strengthening job market and income gains are not being met by meaningful sales gains because of unrelenting supply and affordability headwinds.”

Sam Khater, Chief Economist for Freddie Mac

“As we head into late spring, the demand for purchase credit remains rock solid, which should set us up for another robust summer home sales season. While this year’s high rates – up 50 basic points from a year ago – have put pressure on the budgets of some home shoppers, weak inventory levels are what’s keeping the housing market from a stronger sales pace.”

Javier Vivas, Director of Economic Research forRealtor.com

“The dynamics of increased competition and buyer frustration are unlikely to change…In fact, the direction of the trend is pointing to a growing mismatch between the pool of prospective buyers and existing inventory.”


Bottom Line

If you are thinking of selling, now may be the time. Demand for your house will be strong at a time when there is very little competition. That could lead to a quick sale for a really good price.


Buyer Demand Still Outpacing the Supply of Homes for Sale

Looking at the maps above, it is not hard to see why prices are appreciating in many areas...

Read More

Metro Home-Price Growth Quickens to 5.7 Percent in the First Quarter

Inventory levels hovering at all-time lows weighed down home sales and fueled faster price...

Read More

Monthly Housing Trends Report - April 2018 - Realtor.com Economic Research

The end of April signals peak home-buying season in many markets around the country, and o...

Read More

What's My Home Worth?

Find the value of your home in the Maryland, Virginia and Washington, D.C  real estate mar...

Read More