Unsold Housing Inventory Overhang Hits New Low of 30 Months in 2 Years

ANAROCK’s most recent data reveals that residential inventory in the top 7 cities overhang plunged to 30 months’ worth in Q1 2019 against 50 months in the corresponding period in 2017. Inventory measured in months indicates how many months it will take for the current unsold housing stock on the market to sell.

The area of unsold new homes in first-tier cities dropped four percent in July from the previous month, while that in second-and third-tier cities fell 0.5 percent and 1.2 percent. the overhang are.

Unsold housing inventory overhang hits new low of 30 months in 2 years Editor | May 29, 2019 @ 01:05 PM Indian homebuyers are gradually returning to the market and taking advantage of favourable property prices and cuts in GST and home loan rates earlier this year.

Perungudi saw the launch of nearly 2,600 new units between 2014 and Q1 2019, while the current unsold stock in the area is approx. 600 units. This more-than-decent uptick in housing sales over the last few years comes primarily from buyers who prefer to walk/cycle to work or feasibly use their own transport for significantly lower commute time.

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“The stock of unsold condos overhanging the marketplace is at its. According to George Carras, president of the real estate information firm RealNet Canada Inc., 19,710 new condo. 30, with 15,727 remaining in 2010's active inventory.. second-highest month of new condo sales in the GTA since 1998.

Housing inventory hits 30-year Low. August 9, 2017 by admin.. but rather a lack of inventory. As of Q2 2017, the unsold inventory as a share of all households is 1.9 percent, which is the lowest Q2 reading in over 30 years..

The PHLX housing index was up 2.25 percent. While a strengthening economy and tightening labor market, which is steadily driving up wages, are supporting the housing market, sales remain hamstrung by.

Housing Inventory Hits 30-Year Low Spring is traditionally the busiest season for real estate. Buyers, experiencing cabin fever all winter, emerge like flowers through the snow in search of their dream home.

China’s housing ministry said in April that cities with unsold. overhang in smaller cities, Premier Li Keqiang said in March. The rate of inventory destocking appears to be quickening in recent.

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