Realtor.com, the listing website owned by the National Association of Realtors, released its National Housing Trend Report . The results suggest future home value appreciations may likely be driven by market demand rather than inventory shortages - a return to a "normal" real estate market.
Key National Market Indicators:
* Number of listings: Down 2.5% year-to-year and up 0.93% month-to-month
* Median Days On Market: 92 days, down 8%, year-to-year and up 8.24% month-to-month
* Median List Price: $199,900, up 6.39% year-to-year and unchanged month-to-month
Tom: When the market is driven by market demand versus inventory shortages, there is more likelihood that the real estate market will not experience the steep price hikes that accompany low inventory. End-user buyers (homeowners) is also better for a more stable/normal market that when invetors are the primary buyers.