Industry News

Survey: Home-buyer demand, seller supply nearly balanced

45% of agents in survey report more buyers than sellers

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For the first time in eight years, the overall U.S. housing market is experiencing a rare balance between home-buyer demand and home-seller supply, according to HouseHunt's latest Current Market Conditions quarterly survey. Only 45 percent of respondents reported more buyers than sellers, compared to a 61 percent-39 percent ratio six months ago. Thirty-one percent reported more sellers than buyers; the remaining 24 percent said their markets are almost evenly divided. In the South, the Midwest, the Northeast and in California, the buyer-seller ratio closely matches the national figures. National survey results from HouseHunt member agents in 47 states mirrors the latest monthly sales activity reported by the National Association of Realtors, which estimated the nation's supply of unsold homes at 5.3 months for both January and February. An inventory of 5.5 to 6 months is considered a balanced market between buyers and sellers. Additional highlights from the HouseHunt survey include: ...