Monday Market Update: Is It A Buyer or Seller’s Market?

Fragmented. That is the word the National Association of Realtors (NAR)® is using to describe real estate across the country. There is no one trend or characteristic that defines housing as a whole; we have always said that real estate is hyperlocal – and NAR® agrees. 

Just last week, NAR® released what they are calling the “inaugural edition of the Realtor.com® Market Clock quarterly report” in which they analyze “where the nation’s 50 largest housing markets stand on the buyer-seller leverage spectrum.” If you think of the state of the real estate market as a clock, the national housing market sits at 3 o’clock – in what is considered the “balanced – loosening” quadrant, heading towards a buyer’s market but not quickly by any means. 



On a more definitive level, the top 50 metros across the US actually span 9 of the market clock’s 12 positions! That’s where the word fragmented comes into play – there are countless markets in countless states of inventory, affordability, demand and pricing that impact where they stand on the buyer-seller market spectrum. 

Quick Data Dive – Top 50 US Metros

1) 13 (26%) are currently seller’s markets.

2) 23 (46%) are balanced-loosening markets. 

3) 6 (12%) are balanced-tightening markets. 

4) 16 of the top 50 markets are in the late balanced or early buyer’s market phase.

5) The top 50 metros span 9 of the clock’s 12 positions — the widest distribution since our data began in 2018.

In Silicon Valley, the San Francisco metro is considered a tightening market based on data from June thru December, and the San Jose metro is stable with no change in the same time frame. Both are considered seller’s markets. 

- Read the article in full HERE. 

- See the NAR® Market Clock HERE. 

Have a great week!

Bobbi

Bobbi Decker
DRE#00607999

Broker Associate, Bobbi Decker & Associates
650.346.5352 cell
650.577.3127 efax
www.bobbidecker.com
NAR Instructor….“Designations Create Distinctions”
CIPS, SRS, ABR, CRS, SRES, GRI, CLHMS, REI, AHWD, RSPS, MSLG

Bobbi Decker & Associates fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. For more information, please visit: http://portal.hud.gov/