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70 towns, 90 newlistings Local agents say the county’s tight inventory situation is largely to blame. “We We have been complaining about the lack of inventory for as long as I can remember, but then we at least had more listings,” Danny Yoon , an Edgewater, New Jersey-based Sotheby’s International Realty agent, said.
On Thursday the National Association of Realtors reported that we had a 23.8% Rates have gone up so fast that newlisting data has declined since the end of June; this impacts supply and demand. having rates of 5% and below, you can see why some sellers are hesitant to list their homes and move. However, going from 2.5%
However, we have significantly fewer active listings than we did before the pandemic began. Interestingly, the number of active listings has dropped every year since at least 2013. But it appears that we have hit the bottom when it comes to active listings. We can expect more listings in the future.
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The National Association of Realtors ‘ existing home sales report shows home sales dropped only 1.0% Where I disagree with Yun is this: We have more inventory because demand has been softer, and we have more newlistings this year compared to last. from August to a seasonally adjusted annual rate of 3.84
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.
also the oldest age of a first-timer ever recorded by the National Association of Realtors® (NAR). building permits were granted in Seattle between 2013 and 2022, with 85K of them for multi-family construction. New York City saw the most development over the past decade, with 98% of its 242K permits comprised of multi-family units.
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