Remove 2009 Remove Buyers Remove New Listings
article thumbnail

New listings data is growing and prices still aren’t crashing

Housing Wire

The rules of supply and demand economics always end up winning and weekly new listing data is key. New listing data is growing year over year, but it will be the second-lowest new listing data ever recorded in history. With more sellers who are buyers, we have a tad more demand this year.

article thumbnail

How much will home prices climb over the next year?

Housing Wire

Even as mortgage rates rose, and affordability was pushed out of reach for many potential homebuyers, there are still sufficient buyers who can afford these prices and these rates. The number of buyers has been surprising. The median price of the new listings this week is $399,900. Home prices declined subsequently.

Inventory 370
Insiders

Sign Up for our Newsletter

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

article thumbnail

Tis the Season: Monthly Dropoff of King County Housing Sales

Will Springer Realtor

November new listings fell by about half of the previous month’s rate while home prices saw a welcome decline. Even with mostly lower prices, affordability remains the biggest challenge for buyers as mortgage interest rates climbed toward 7%. The number of new listings tumbled 48% from October and was down 2.7%

article thumbnail

Expanding Supply, Easing Prices Bring Relief to King County Housing Market

Will Springer Realtor

Now that the Federal Reserve has cut interest rates, home buyers should swarm the market with low-interest mortgages …. Buyers who enter the market now will enjoy some of the best selection of homes since before the pandemic as supply grows, competition wanes and home prices slip. The number of Active listings is another eye-opener.

article thumbnail

South Florida 2024 Year in Review

Lamacchia Realty

Additionally, climate change, including rising sea levels and more frequent storms, made coastal properties less attractive to some buyers. This report breaks down sales, average prices, the number of active listings, and how many listings went under contract for 2024 compared to 2023 and discusses what is predicted to unfold in 2024.

article thumbnail

King County Housing Activity Muted by High Purchase Costs

Will Springer Realtor

For now, potential home buyers and sellers are mostly in a wait-and-see mode. The county has more homes for sale (4440) than any month since September 2022 (4616), presenting great options amid less competition for determined buyers today and improved leverage in negotiations with sellers. Will a cut make a difference to buyers?

Buyers 52
article thumbnail

Appraiser Salaries

Appraisal Today

The sellers custom built the home between 2007 and 2009, using high-end materials and finishes, including a wall of windows and 26-foot-high ceilings in the great room. In Bakersfield, for example, Golden Empire MLS participants can submit a form to post new listings, open houses and price changes.