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New listings data falls for third week in a row 

Housing Wire

New listings data has been moving lower over the last few weeks. The moves haven’t been significant and our weekly pending contracts data picked up this week. But, we need to see more growth in new listings data just to grow from 2023 levels.

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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. This contract data will grow if mortgage rates head lower and stay lower.

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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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Buyers showing renewed interest in condos

Housing Wire

above its asking price, that means it was listed for $301,872, said Daryl Fairweather, Redfin’s chief economist. That’s quite the contrast from back in 2012, when Redfin reported that condos were selling for more than 4% below asking price. If a condo sold for 0.7% year over year, and pending sales were up 38.2%

Buyers 459
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Nearly All of U.S. Homes Sitting For at Least a Month 

Appraisal Buzz

That’s the lowest level in records dating back to 2012, with the exception of May 2020, when the pandemic brought the housing market to a standstill. New listings, seasonally adjusted 526,740 1.6% Total homes for sale, seasonally adjusted (active listings) 1,636,415 -0.3% New listings, seasonally adjusted 526,740 1.6%

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Shrinking Number of New Listings Slows Seattle/King County Housing Activity

Will Springer Realtor

The chart (below) puts it in sharp focus: Except for the pandemic year of 2020 when there were 2559 new listings that April, last month was the slowest April since at least 2008 when easy access to Northwest Multiple Listing Service data became available. between May 2007 and January 2012. Where are all the sellers?

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Connecticut 2023 Year in Review

Lamacchia Realty

This report analyzes sales, average prices, the number of active listings, and listings under contract for 2023 compared to 2022. Lowest number of homes listed in recorded history, decreasing by 19.7% The number of homes placed under contract (pending, just singles and condos) decreased by 18.9%