Lamacchia Realty

JANUARY 25, 2024

2023 was a notable year in real estate history, but if we had to put our finger on what stood out, it was how the number of homes listed was the lowest in over two decades. It kept inventory down, which propped up prices, but sales are down nearly 22%, and buyers are hungry. A lot of it had to do with anemic inventory.

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Inventory Sellers Contracts Buyers 73

Empire Appraisal Group

SEPTEMBER 8, 2022

“The market is adjusting to a new reality, with much lower sales volumes and far more inventory,” says Ian Shepherdson, chief economist at Pantheon Macro. As expected, mortgage applications have dropped off a cliff – to the lowest level since 2000. The number of home listings remains low nationally.

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Housing Market Marketing Real Estate New Listings 78

Lamacchia Realty

JANUARY 25, 2024

The market’s resilience can be attributed more to the decrease in inventory than the decline in sales. Lowest number of homes listed in recorded history, down 19.5% The decline in inventory has made it impossible for prices to decrease due to demand. Fast forward to the present, and no crash has occurred.

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Inventory Sellers Buyers Real Estate 62

Lamacchia Realty

JANUARY 30, 2024

If we were to pinpoint the standout factor, it would be the remarkably low number of homes listed, the lowest in over two decades. This scarcity in inventory had the effect of keeping prices high, but there was a substantial decrease in sales, approximately 19%, leaving prospective buyers eager. Maine Sales Decreased by 18.9%

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Inventory Sellers Buyers Contracts 58

Will Springer Realtor

OCTOBER 10, 2023

First a look at September’s numbers: A wave of last-chance listings for the year hit the market after Labor Day. That increased new listings by 7.5% (2884) and available homes on the market by 12% (3602) between Sept. Seattle alone saw a 29% (1213) monthly increase in new listings. Single-family inventory is 1.8

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Buyers Inventory Sellers Housing Market 65

Will Springer Realtor

JUNE 13, 2023

Despite high interest rates, some hungry buyers are competing over limited inventory. Supply of resale housing (as opposed to new construction) is shrinking across our region. months’ total inventory in the county, down from 1.4 Eastside inventories are at 1.2 In March, 33% of homes listed for sale in the U.S.

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Buyers Inventory Construction Finance 36

Will Springer Realtor

FEBRUARY 9, 2022

People are looking at higher prices, there’s slim pickings in inventory and now we have higher mortgage rates.”. Inventory remains a big concern. months of single-family-home inventory in King County and on the Eastside, and 0.5 months (6 days) of single-family inventory. months (6 days) of single-family inventory.

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Buyers Law Inventory Development 36

Will Springer Realtor

AUGUST 9, 2021

annually between 1968 and 2000 but has since dropped to an average rate of 0.7% Some highlights from the Northwest Multiple Listing Service (through July): The combined number of condo, townhome and single-family homes on the market as of Aug. The number of new listings for all home types (4428) fell 7.8% million to 6.8

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Construction Inventory Property Taxes Development 36

Housing Wire

NOVEMBER 2, 2024

Home prices have remained firm over the last two months, even with higher mortgage rates and inventory data. They misread the price cut percentage and rising inventory data to mean that national home prices had to fall a lot this year. You can have rising inventory, increasing sales and rising prices.

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Inventory New Listings Mortgage Contracts 516

Will Springer Realtor

JULY 9, 2021

were flipped in Q1, the lowest level since 2000, according to ATTOM. Home prices are going to continue to go up until the inventory comes back bit,” said Rick Sharga, EVP at real estate information provider Realty Trac. Inventory across our area remains extremely low. On to new listings, and we start far away.

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Movoto

NOVEMBER 12, 2024

What is the cause of the inventory issue? And I think the coming out of the last housing crisis and you know, from 2008 to 2000, you know, 11 or so, it was construction because when you stop construction for three or four years, you don’t recover from that quickly. And I, and I’m not saying it couldn’t happen.

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Real Estate Marketing Housing Market Construction 69

Will Springer Realtor

SEPTEMBER 10, 2024

The non-fiction work written in 2000 by Malcolm Gladwell is a powerful metaphor for what is expected to occur across the U.S. The most interesting developments came within the single-family-home category: The number of new listings in August fell 7.5% King County continues to struggle to beef up inventory to pre-pandemic levels.

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Housing Market Marketing Inventory Buyers 63

Will Springer Realtor

FEBRUARY 9, 2024

Three housing-related topics are of prime focus: Lot Splitting – a process that would allow property owners to split part of their lot of land to have a new buildable area of at least 2000 sq. Total inventory remains low, however, keeping prices higher on an annual basis. Contact me for more information. It’s a 3-bedroom, 1.75-bathroom

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