Tag Archives: Real Estate Market

How Supply and Demand Impacts Real Estate Home Values

Supply and Demand in Today’s Market

The Impact of Supply and Demand on Housing Prices in Today's Real Esate Market

Some Highlights:

  • The concept of supply & demand is a simple one. The best time to sell something is when the supply of that item is low & the demand for that item is high!
  • Anything under a 6-month supply is a seller’s market!
  • Nationally, there has not been a 6-months inventory supply since August 2012!
  • Inventory levels differ depending on the area of the country and price range, so let’s get together to discuss the exact market conditions in our area.

Thinking of selling your home? It could be worth more than you think! Contact Ann Arbor’s premier Real Estate team at The Bouma Group at 734-761-3060 or email info@bouma.com and get a market analysis for your home and find out the next steps in getting it sold for top dollar!

US Home Prices Rose 11 Percent from Last Year, Report Shows

House sold signFrankly, it’s hard not to feel encouraged and optimistic about the real estate market these days.

Everywhere you look, positive real estate trends are popping up, further emphasizing that the worst days of the economic recession are in the rear view mirror now.

And here’s another recent nugget of good news: Home prices all across the country increased 11.1 percent in March 2014 when compared to the same time last year. And that’s including distressed sales.

More Relevant Data for US Home Sellers

According to the latest published data, the 11 percent home price increase in March represents 25 months of consecutive year-over-year increases in national home prices.

That’s incredible. That means that the housing market has been in the process of recovering for more than two years.

Continue reading