Remove 2006 Remove New Listings Remove Realtors
article thumbnail

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

Housing Wire

The National Association of Realtors tracks the days on market, and unlike 2011, when it took over three months, the most recent existing home sales report shows only 24 days on market this year. In 2011, we had over 3 million active listings to start the year and today the NAR total active listings data is running at 1,128,000.

article thumbnail

Why is the El Paso housing market so hot right now?

Housing Wire

“Property managers are renting places that would usually be $800 a month for $1,200, so people figured if they’re paying that much, they might as well own their home,” said Tom Torres, an El Paso-based real estate agent and former president of the El Paso Association of Realtors. Thank goodness Realtors were deemed essential.”.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Existing home sales fall for third month in April

Housing Wire

million, the National Association of Realtors reported on Friday. “Last month, existing home sales recorded their best bottom line in any April since 2006,” Speakman said. from March to 5.85 This elevated level of competition may be starting to wear on buyers’ confidence and could be holding back sales volumes.

Inventory 448
article thumbnail

U.S. Housing Market Collapse? Nowhere in Sight

Empire Appraisal Group

Nowhere in Sight | Florida Realtors. The housing market has taken a few hits, such as a doubling of mortgage rates in 2022, but it remains solid even if legitimate news providers suggest doom and gloom. NEW YORK – The rock-hard foundation of the U.S. The number of home listings remains low nationally. Nowhere in Sight.

article thumbnail

2023 Maine Year in Review

Lamacchia Realty

The frenzied market of 2021 was unsustainable, and consumers and REALTORS alike hoped for a return to normalcy. 2023 Sees the Lowest Number of Homes Listed in Twenty-Two Years In 2023, there was an 12% decrease in listings compared to 2022, with 20,546 homes listed compared to 23,342 in the previous year.

article thumbnail

CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

The 323,465 flipped single-family, condo and townhomes in 2021 is the highest number since 2006 and represented 5.5% That includes 621 fewer Pending contracts in April 2022 than the previous April, as the net number of new listings remains on average lower than in years past. of all home sales last year.

article thumbnail

Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

This was the fastest pace for combined single-family and multi-family construction since June 2006. They have declined for two consecutive months, according to the National Association of Realtors®. But, in speaking to a political-affairs lobbyist for Washington Realtors®, the bill became “watered down.” existing home sales.