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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. With more sellers who are buyers, we have a tad more demand this year.

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Opinion: The end of seller speculation in US housing market

Housing Wire

metropolitan areas in February 2022, based on year-over-year growth in median listing price according to the residential real estate listing website, Realtor.com. The table also reports the year-over-year percent change in new listings for each market. Table 1, below, reports the 10 hottest U.S. Bellingham, WA 51.7% -8.3%

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Housing Market Slows as Buyers and Sellers Wait For Rates to Drop

Appraisal Buzz

Simultaneously, home sellers reduced the number of newly listed properties on the market, with a -0.9% In April we noted that rising for-sale inventory was likely to lead to more balance between buyers and sellers. Similar to buyers, sellers reduced their offering in August as newly listed properties dropped 0.9%

Sellers 397
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Expect the growth rate of existing home prices to cool down this year

Housing Wire

Looking at the chart above, inventory started growing late this year, but it seems normal compared to 2017-2019. The other data line that is small but steady year-over-year is the new listings data, and if most sellers are buyers, that gives us more demand than in 2023, when new listings were trending at the lowest levels ever.

Inventory 514
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Share of Active Homes For Sale Hits Post-Pandemic High

Appraisal Buzz

“Although active listings are still short of the pre-pandemic mark, we saw the gap continue to narrow meaningfully as active listings hit a post-pandemic high. Although inventories remains below pre-pandemic levels, the difference between the levels in 2017–2019 and the current levels is decreasing. rate from the previous month.

Inventory 418
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Housing Trends Face Seasonal Slowdown

Appraisal Buzz

metro areas, Miami (45.4%), San Diego (42.4%), and Denver (41.9%) had the biggest annual rise in active listings. of sellers lowering their prices in Decemberup just a little from 12.7% in December 2023the percentage of listings with price reductions was basically unchanged from the previous year. Active listings +22.0% -15.7%

Inventory 347
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Housing inventory up nearly 55% in December

Housing Wire

The housing inventory shortage dominated much of the conversation surrounding the housing market in 2022, but thanks to softening homebuyer demand, the number of active listings finished the year up 54.7% compared to the December 2017-2019 average. “In compared to the year prior, according to Realtor.com’s December Housing Report.

Inventory 534