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The health of this housing market: Comparing 2024 data to 2011

Housing Wire

But since we have such low active listings today, even with 2024 being another year of low home sales, the days on the market are still under 30 days, which means homes that are priced right are selling quickly. New listings The most significant and glaring difference between 2011 and 2024 is the weekly new listings data for the peak season.

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Housing inventory falls under 1M again as sales collapse

Housing Wire

The one period where this didn’t happen was from 2006-2011, when credit forced Americans to sell, to rent or to be homeless. During that period, we saw new listing data decline. The Federal Reserve did not like the homebuying atmosphere during COVID-9, especially the non-contingent buying contracts.

Inventory 541
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The nation’s housing market is on a correction course

Housing Wire

The reasons it will avoid a crash, according to Zandi, are that overall housing-inventory levels remain relatively tight by historical measures; mortgages overall have and continue to benefit from solid underwriting and oversight; and we are not seeing the kind of speculation that marked the housing market in the run-up to the 2006/07 crash. “I

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U.S. Housing Market Collapse? Nowhere in Sight

Empire Appraisal Group

The housing market is entering the ‘most significant contraction in activity since 2006,’ says Freddie Mac economist” (Fortune). Consequently, prices of new homes should follow a similar downward path, although the trajectory is the question. The number of home listings remains low nationally.

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Massachusetts 2023 Year in Review

Lamacchia Realty

This report breaks down sales, average prices, the number of active listings, and how many listings went under contract for 2023 compared to 2022 and discusses what is predicted to unfold in 2024. Lowest number of homes listed in recorded history, decreased by 18.7% Average prices for closed sales increased by 3.4%

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New Hampshire 2023 Year in Review

Lamacchia Realty

This report breaks down state-wide sales (previous years mostly covered Southern NH and the Lakes Region ), average prices, the number of active listings, and how many listings went under contract for 2023 compared to 2022, and discusses what is predicted to unfold in 2024. Average prices for closed sales increased by 7.2%

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2023 Maine Year in Review

Lamacchia Realty

This report analyzes the sales figures, average prices, the number of active listings, and listings under contract for both 2023 and 2022. Average prices for closed sales increased by 10% Lowest number of homes listed in over two decades, decreased by 12% The number of homes placed under contract (pending) decreased by 16.4%