WHY THIS IS NOT YOUR TYPICAL SUMMER HOUSING MARKET
                     WHY THIS IS 
NOT YOUR 
TYPICAL 
SUMMER 
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MARKET
IN REAL ESTATE
 it’s normal to see ebbs and flows in the 
market. Typically, the summer months are 
slower-paced than the traditionally busy 
spring. But this isn’t a typical summer. As the 
economy rebounds and life is returning to 
normal, the real estate market is expected to 
have an unusually strong summer season.
Here’s how this summer is stacking up 
against the norm and what it means for you.
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Typical Summer
HOME INVENTORY TIME ON MARKET PRICE APPRECIATION
Inventory declines The average time on Price appreciation 
after a spring peak market lengthens. eases.
usually in June.
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This Summer
HOME INVENTORY TIME ON MARKET PRICE APPRECIATION
Inventory levels Time on market is Price are continuing 
have been rising since shorter than normal. to appreciate.
february.
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Months Inventory of Existing Homes 
According to the latest Existing Home Sales Report frfom othe r Sale
National Association of Realtors (NAR), inventory levels have been rising since February of 
this year. Looking at the graph below, there’s a clear upward trend, as shown in the green 
bars. 
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Average Days on the Market
Unlike the typical summer trend, time on the market is 
moving at the fastest speed we’ve seen since NAR started collecting this survey-
based information in 2011. The most recent Realtors Confidence Index shows that 
the average home is on the market for just 17 days
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Median Home Price for all Housing Types
The last big factor making this an 
unusually strong market this summer is home price appreciation. According to 
the State House Price Index from the Federal Housing Finance Agency (FHFA), 
we’re currently experiencing double-digit house price appreciation and have an 
average of 12.6% appreciation across the country. 
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Contact Details
WEBSITE
www.paulsinghrealtor.com
PHONE NUMBER
559-905-5228
EMAIL ADDRESS
@paulsinghrealtor.com
PAUL SINGH
REAL ESTATE CONSULTANT