this Derry homeowner who sold above asking price it remains a great time
to sell a home, and a strong Sellers Market, and as reported by NAR (National
Association of Realtors) in a June 2023 article., the real estate market heavily favors Sellers right now. Here
are a few key highlights:
housing market is missing about 320,000 home listings valued up to $256,000,
the affordable price range for middle-income buyers (households earning up
buyers can afford to buy less than a quarter (23%) of listings in the
current market. Five years ago, this income group could afford to buy half
of all available homes.
U.S. housing market is short more than 300,000 affordable homes for
middle-income buyers, according to a new analysis from the National Association
of Realtors® and Realtor.com®. The country's persistent housing inventory
crunch impacts middle-income buyers more than any other income bracket.
NAR and Realtor.com®'s housing affordability and supply report
examines the number of listings missing by price range in the current
market when compared to a balanced market. A balanced market is defined as
when half of all available homes fall within the price range affordable
for middle-income buyers
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