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WHY THIS IS NOT YOUR TYPICAL SUMMER HOUSING MARKET

In real estate, it's normal to see ebbs and flows in the market. Typically, the summer months are slower-paced than busy spring. Find out the current condition of the market here.

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WHY THIS IS NOT YOUR TYPICAL SUMMER HOUSING MARKET

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  1. WHY THIS IS NOT YOUR TYPICAL SUMMER HOUSING MARKET www.paulsinghrealtor.com

  2. IN REAL ESTATE it’s normal to see ebbs and flows in the market. Typically, the summer months are slower-paced than the traditionally busy spring. But this isn’t a typical summer. As the economy rebounds and life is returning to normal, the real estate market is expected to have an unusually strong summer season. www.paulsinghrealtor.com Here’s how this summer is stacking up against the norm and what it means for you.

  3. Typical Summer www.paulsinghrealtor.com HOME INVENTORY TIME ON MARKET PRICE APPRECIATION Inventory declines after a spring peak usually in June. The average time on market lengthens. Price appreciation eases.

  4. This Summer www.paulsinghrealtor.com HOME INVENTORY TIME ON MARKET PRICE APPRECIATION Inventory levels have been rising since february. Time on market is shorter than normal. Price are continuing to appreciate.

  5. Months Inventory of Existing Homes for Sale According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), inventory levels have been rising since February of this year. Looking at the graph below, there’s a clear upward trend, as shown in the green bars. www.paulsinghrealtor.com

  6. Average Days on the Market Unlike the typical summer trend, time on the market is moving at the fastest speed we’ve seen since NAR started collecting this survey-based information in 2011. The most recent Realtors Confidence Index shows that the average home is on the market for just 17 days www.paulsinghrealtor.com

  7. Median Home Price for all Housing Types The last big factor making this an unusually strong market this summer is home price appreciation. According to the State House Price Index from the Federal Housing Finance Agency (FHFA), we’re currently experiencing double-digit house price appreciation and have an average of 12.6% appreciation across the country. www.paulsinghrealtor.com

  8. Contact Details WEBSITE www.paulsinghrealtor.com www.paulsinghrealtor.com PHONE NUMBER 559-905-5228 559-905-5228 EMAIL ADDRESS @paulsinghrealtor.com @paulsinghrealtor.com PAUL SINGH REAL ESTATE CONSULTANT

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