Monday, September 6, 2021 / by Ken Couture
5 Reasons Today’s Housing Market Is Anything but Normal

There are many headlines claiming that we are returning to a more normal real estate market. This shows that the real estate market is returning to the pre-pandemic numbers we saw from 2015 to 2019. But this did not happen. Although housing supply is slowly recovering, the market is still very active because demand is still strong.
- 1970s: 8.86%
- 1980s: 12.7%
- 1990s: 8.12%
- 2000s: 6.29%
- 2010s: 4.09%
2. Home Price Appreciation
3. Months’ Supply of Inventory (Homes for Sale)
4. Days It Takes To Sell a Home
The days-on-market metric gives an indication of how hot a market is and how quickly homes are selling. In 2019, prior to the pandemic, the average days on market stood at 35, according to NAR. Today, that number is cut in half and is now at 17 days.
- Mortgage rates are near historic lows
- Price appreciation is at historic highs
- Housing inventory is less than half of the normal amount
- The time it takes to sell a home is cut in half, and
- There are twice as many offers on each house
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