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Is It a Good Time to Sell a House, As Home Prices Would Suggest?

HomeLight

Many Realtor boards publish monthly market reports featuring data on local home prices and days on market trends to give you a more precise gauge of market temperature. of agents have seen temporary and permanent business closures drive down interest in nearby residential real estate. Source: (CDC / Unsplash).

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Seller’s Market 101: Is Your Real Estate Market Hot or Not?

HomeLight

With these restrictions, builders prefer to build large luxury homes or residential complexes instead of more affordable multi-family housing that could accommodate more people on the same plot of land. For example, if there are 1,500 homes for sale and 500 pending sale, the market would have a three-month supply of homes.