Industry NewsMarkets & Economy

Survey: Real estate market shows vital signs

Three of four Inman News readers see improvement

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Three out of four Inman News readers participating in an online survey say housing markets in their area are improving or stabilizing -- and most said they've noticed the change only in the last two months. "Buyers are seeing inventory move, and that gets them moving. Interesting how that happens," said a Summit, N.J.-based respondent who sees improvement in a market where many homes are located near commuter train lines to midtown Manhattan. "Yes, there are actually bidding wars again on well-priced, staged homes in great locations." Among 225 readers responding to the survey from March 23 to April 1, 48.9 percent said housing markets in their area were improving, 27.1 percent said they were stabilizing, and 12.9 percent characterized them as worsening. Among those who are seeing improvement, 39.6 percent said the market changed "this month," and another 23.4 percent said the change had occurred within the last month. The most often-cited rea...