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Key Drivers Shift from Supply to Demand

SAN JOSE, CA-Rising inventory, slow-and-steady price increases signal healthier outlook in most markets, according to locally based Realtor.com

By Natalie Dolce | Updated on September 20, 2013

SAN JOSE, CA-Realtor.com, operated by locally based Move Inc., recently released its national housing trend report for August 2013, showing that as the year’s peak home buying season comes to a close, key market indicators point to a shift in the dynamics of the housing market, suggesting that future home value appreciations may likely be driven by market demand, rather than inventory shortages.

An analysis of the summer home-buying season ending in August shows year-over-year changes now within the single-digits for three key indicators—inventory count, median age and median list price, signaling a leveling of the market not seen for some time.  The national market was virtually flat month-over-month compared to July for both inventory and median list price, and registered a slight increase in median age of inventory.

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