Housing Wire

JANUARY 12, 2023

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 December 2019 and 38.2% compared to the December 2017-2019 average. “In below its pre-pandemic 2019 level.

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Inventory New Listings Buyers Sellers 534

Housing Wire

JULY 15, 2024

If we look at the housing market right now, sales are down, new listings are down and prices are decelerating. Home prices and new listings dipped too. On the pricing side, last week had the first negative print on year-over-year price for new listings. Is it darkest before the dawn? However, most of the U.S

Housing Market 497

Housing Market New Listings Marketing Mortgage 497

Housing Wire

SEPTEMBER 13, 2022

Typically we have a natural set of new listings each year; inventory rises in the spring and summer and then falls in the fall and winter. It wasn’t the rate move that caught my attention — it was the new listing data. As you can see below, that sharp move to 6.25% caused new listing data to stall at first.

Mortgage 525

Mortgage Inventory New Listings Sellers 525

Housing Wire

MAY 21, 2021

Nearly 50% of homes sold for more than their list price during the four weeks ending May 16, but there are signs that housing market demand may be reaching its peak, according to a recent study from Redfin. 2019 is being used as a reference point since 2020 data is skewed by the pandemic.). .

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Housing Market Marketing New Listings Mortgage 540

Housing Wire

MAY 22, 2024

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.

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Inventory New Listings Housing Market Contracts 514

Housing Wire

NOVEMBER 20, 2023

more homes for sale than last week and 36% lower housing inventory than in 2019. In fact, Austin and San Antonio in Texas, as well as Memphis, have more housing inventory now than in 2019. That’s more new sellers this year than the same week a year ago, signaling a tiny improvement in our supply-starved housing market.

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Inventory New Listings Housing Market Sellers 476

Housing Wire

DECEMBER 9, 2024

What can the data today tell us about signals for growth or weakness after the new year? The number of unsold homes on the market is finally getting closer to 2019 levels. Its now only 17% fewer homes on the market than at the end of 2019. In 2019, there were 850,000 unsold single-family homes on the market in December.

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Housing Market Marketing Inventory Sellers 418

Appraisal Buzz

OCTOBER 3, 2024

September 2024: National Housing Metrics Median listing price : (Change over September 2023: -1.0% 2019: +36.0 %) Active listings : (+34.0 %) (-23.2 %) New listings : (+11.6 %) (-11.8 %) Median days on market : (+7 days to 55 days) ( -7 days) Share of active listings with price reductions : (+0.5

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Marketing New Listings Sellers Advertising 418

Housing Wire

OCTOBER 13, 2024

Remember that 2023 had the lowest new listings data ever and 2024 will have the second lowest. One of the reasons total inventory data hasn’t gotten back to 2019 levels is the lack of sellers in 2023 and 2024. Also, let’s remember that 2019 inventory levels were a four-decade low before 2020.

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Inventory New Listings Retail Mortgage 511

Housing Wire

APRIL 5, 2021

Instead of making up for the shortfall, new listings have slumped further in 2021. Year-over-year, new listing volumes were down 16% in January and 21% in February — amounting to a 125,000 deficit in inventory compared to the same time in 2020. Home prices in most big cities also increased. “Of

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Inventory Buyers New Listings Mortgage 511

Housing Wire

NOVEMBER 9, 2022

million, something that couldn’t happen from 2008-2019 because we didn’t have the demographic profile to get to that level until household formation grew. We saw this happen in 2013-2014 and 2018-2019. New listing data is down 5% year to date, as you can imagine. Right on cue, 2020 came and we hit the 300 level.

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New Listings Inventory Housing Market Sellers 508

Housing Wire

FEBRUARY 27, 2023

Weekly housing inventory decreased by 6,801, while new listing data is still negative year-over-year. 11-18): Fell from 247,385 to 243, 916 Another storyline with inventory is taking hold now, and new listing growth once again is negative year over year. However, we are noticeably down from the 2019 levels.

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Housing Market Marketing Inventory New Listings 476

Housing Wire

SEPTEMBER 16, 2023

The last four weeks of new listings data have been the most volatile since mortgage rates breached 6% in 2022. One week, we had the biggest decline in new listings data all year, which might indicate Americans are giving up on listing their homes. What’s going on with housing inventory ? 18: 60,295 Aug.

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Inventory New Listings Housing Market Mortgage 505

Housing Wire

MAY 24, 2021

Pending sales for the seven-day period ending May 16 were down 10% from four weeks prior, compared to an 8% increase during the same period in 2019. 2019 is being used as a reference point since 2020 data is skewed by the pandemic.). Mortgage purchase applications also decreased 4% week over week.

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Realtors Buyers Housing Market New Listings 497

Housing Wire

OCTOBER 11, 2022

I talk about 2019 inventory levels a lot because in 2019 real home prices briefly went negative, showing that you don’t need to have six months plus of inventory to have pricing cool down. In fact, at a 2019 conference, I was so happy about this that I labeled the chart below as Great News ! Currently, we are at 3.2

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Sellers Inventory Housing Market New Listings 514

Housing Wire

AUGUST 17, 2024

However, 2024 looks much healthier than 2023 data, as we desperately needed to get off those historically low levels of active listings. Weekly housing inventory data As we approach the traditional seasonal decline period for active inventory, we are working our way back to 2019 levels. This week, inventory grew by 5,721.

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Inventory Mortgage New Listings Contracts 518

Housing Wire

SEPTEMBER 12, 2024

Zillow reported that nationwide active inventory was up 22% year over year in August, although it remained 31% lower than the pre-pandemic level of August 2019. New listings, meanwhile, grew slightly on a monthly and yearly basis but were 21% lower than the same month in 2019. 29 to Oct.

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Housing Market Marketing Inventory Buyers 482

Housing Wire

OCTOBER 7, 2024

Texas has 44% more homes on the market that last year and 24% more unsold homes on the market now than in 2019. more homes unsold than last year, but we’re still 23% fewer homes on the market now than in 2019. There are eight states with more inventory now than in 2019. Nationally, we have 36.7%

Housing Market 476

Housing Market Marketing Mortgage Contracts 476

Housing Wire

MARCH 11, 2024

Market outliers The Gulf markets from Southwest Florida over to Louisiana now have inventory levels mostly back above their pre-pandemic levels of 2019 or higher. There were 59,000 new listings unsold this week. The median price of the newly listed cohort this week is $420,000. That’s 15% growth over the pace of 2023.

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Inventory New Listings Sellers Real Estate 516

Housing Wire

APRIL 1, 2024

New listing volume last week was 18% more than a year ago. New listings New listings dipped a little from the previous week but there were still 22% more sellers hitting the market last week than the same week last year. That’s 60,000 new listings and another 17,000 immediate sales.

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Inventory New Listings Contracts Sellers 488

Housing Wire

JANUARY 23, 2023

I want to see total inventory back at the 2019 level — this would mean NAR data breaking above 1.52 One week after that prediction, the new listing data declined faster and earlier than usual. Even getting inventory back to 2019 levels would still mean total housing inventory was historically low.

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Housing Market Marketing Inventory New Listings 516

Housing Wire

NOVEMBER 18, 2022

I didn’t have to worry about this in the previous expansion — as my long-term work stated for a decade, the years 2008-2019, would have the weakest housing recovery ever. This article , which I wrote in 2019, does show you the historical work in the past decade on the housing bubble talk. This is not a positive for the housing market.

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Inventory Marketing Housing Market New Listings 493

Housing Wire

JULY 21, 2021

share in June 2019. above its asking price, that means it was listed for $301,872, said Daryl Fairweather, Redfin’s chief economist. That’s down from 43 days a year earlier and 36 days in June 2019, the latter of which is a better comparison because it was before the pandemic impacted the condo market.

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Buyers New Listings Contracts Marketing 459

Housing Wire

MARCH 22, 2024

According to data from Altos Research as of March 15, the 90-day average number of single-family active listings in the Naples-Marco Island metro area was 2,362, up from 1,605 one year earlier but down from the 3,760 listings recorded in late March 2019 prior to the COVID-19 pandemic. In comparison, the average U.S.

Insurance 448

Insurance Inventory Marketing Real Estate 448

Housing Wire

JULY 29, 2024

New home sales contracts are coming in pretty consistently fewer than last year — 4.9% Our Immediate sales measure of homes that get listed, take offers and go into contract in a few days is also notably lower than last year. On the supply side, new listings are slightly more than a year ago, but pulling back.

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Housing Market Marketing Inventory New Listings 456

Housing Wire

OCTOBER 28, 2024

Florida had an uptick in inventory with a bit of a rebound in new listings now that the storms are over. As a result, we’re now only 21% fewer homes on the market than this point in 2019. New listings go up This year continues to have slightly more sellers than last year but fewer than we used to get in past years.

Inventory 476

Inventory New Listings Sellers Contracts 476

Housing Wire

MARCH 18, 2024

While inventory is growing across the country, some markets are way more impacted and already have more homes on the market than in 2019 or 2020 just before the pandemic. New listings Last week, 59,000 new single-family listings came to market. The takeaway? If mortgage rates continue to rise to 7.5%

Inventory 468

Inventory New Listings Sellers Contracts 468

Housing Wire

OCTOBER 20, 2020

above the September 2019 rate of 1.274 million, the Bureau said. “The housing market is being constrained by the lack of inventory, with both new and existing homes being sold faster than new listings are arriving.”. above the September 2019 rate of 1.437 million. “While starts were up 10.4%

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Construction New Listings Housing Market Inventory 505

Housing Wire

JUNE 9, 2023

The housing bubble boys are a crew that from 2012 to 2019 screamed housing crash every year. 1 story in the second half of 2022 was that after mortgage rates spiked, new listing data started to go negative year over year, which was crazy because we were already working from all-time lows. Housing inventory The No.

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Inventory Housing Market New Listings Mortgage 546

Housing Wire

JANUARY 5, 2023

Going back to 2013, I have stressed that my affordability index gets tripped up if mortgage rates get above 5.875% , and wrote about this in 2019 as we were about to enter my critical period of 2020-2024. Since 2019, the critical factor for my economic work has been the 10-year yield breaking 1.94%. million in 2023. million for 2023.

Housing Market 543

Housing Market Marketing Inventory New Listings 543

Housing Wire

JULY 13, 2021

An improving supply situation may also be making a difference, with new listings up 4% year over year — meaning more properties are hitting the market for buyers to bid on. In 2018-2019, total housing inventory was in the range between 1.52 million and 1.92 million to 5.61

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Inventory Housing Market Real Estate Agent Buyers 511

Housing Wire

SEPTEMBER 24, 2023

On housing inventory , new listings data saw a small decline last week, but active listings grew at a healthy clip. We have had some volatile weekly numbers in the new listings data recently, but even with the mortgage rate spike, the decline was orderly, as it has been all year.

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Mortgage Inventory New Listings Housing Market 501

Housing Wire

JANUARY 13, 2024

As you can see, we are still a bit away from my ultimate goal of having total active listings back to 2019 levels. New listing data New listings data can grow in 2024, something I talked about on CNBC last year as this data line didn’t trend much lower when mortgage rates were heading toward 8%.

Inventory 534

Inventory New Listings Retail Mortgage 534

Housing Wire

MARCH 6, 2023

Weekly inventory fell much more than the previous two weeks, down 11,021; new listing growth had its lowest weekly calendar print for this previous week. The new listing data had its lowest weekly print ever, down slightly from last year but more noticeably from what we traditionally saw in the previous decade.

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Inventory Housing Market Marketing New Listings 513

Appraisal Buzz

JULY 9, 2024

June 2024 Housing Metrics – National Median list price per sq.ft: Change over June 2023: (+3.4%) Change over June 2019: (+52.6) Median listing price: (+0.0% June 2024 Housing Metrics – National Median list price per sq.ft: Change over June 2023: (+3.4%) Change over June 2019: (+52.6) Median listing price: (+0.0%

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Housing Market Buyers Marketing Inventory 418

Housing Wire

JULY 20, 2021

New listings are also up 4% year over year, meaning more properties are hitting the housing market for buyers to bid on. In 2018-2019, total housing market inventory was in the range between 1.52 million, and that level of inventory helped to drive real home-price growth in 2019 into negative territory briefly.

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Housing Market Marketing Inventory Construction 511

Housing Wire

AUGUST 27, 2020

Home sellers are seeing their homes go under contract in record time, with nine new contracts for every 10 new listings.”. gain compared with 2019. “We are witnessing a true V-shaped sales recovery as homebuyers continue their strong return to the housing market,” said Yun. That would bring the full-year total to 5.4

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Contracts Realtors New Listings Real Estate 501