Appraisal Buzz

JULY 9, 2021

The sizzling seller’s market shows some signs of cooling, but, according to analysts, “only by a few degrees.” ” The post New Listings Return to 2019 Levels appeared first on DSNews. The post New Listings Return to 2019 Levels appeared first on Appraisal Buzz.

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New Listings Sellers Appraisal Marketing 150

Housing Wire

AUGUST 10, 2022

One of the most important housing market stories in recent weeks has been the decline in new listings , which has slowed the growth rate of total inventory. Redfin : Realtor.com : Altos Research : Clearly, we are seeing a slowdown in new listings as the data has been negative now for months. What does this mean?

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Inventory New Listings Housing Market Sellers 526

Housing Wire

NOVEMBER 20, 2023

It looks like this is evidence that housing markets are returning to normal rather than a case of sellers panicking, but it’s worth keeping an eye on. After all, more sellers means more sales in 2024. more homes for sale than last week and 36% lower housing inventory than in 2019. Short on time as you prepare for Thanksgiving?

Inventory 476

Inventory New Listings Housing Market Sellers 476

Housing Wire

DECEMBER 3, 2020

Total home sales are outpacing new listings by a wide margin every month, and real estate tech company Homesnap foresees the shortage continuing in 2021 unless more sellers enter the market. The divide between supply and demand is striking: compared to last year, total new listings increased.22%,

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Inventory Housing Market Marketing New Listings 546

Housing Wire

MARCH 11, 2024

The suspicion was that there were a bunch of sellers who were waiting to sell: Once rates fell these sellers would come rushing back to this real estate market and we’d finally see inventory grow. Second, because people think of home sellers as being locked-in by high interest rates. That’s 15% growth over the pace of 2023.

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Inventory New Listings Sellers Real Estate 516

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.

Inventory 534

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

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

JULY 29, 2024

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. If fact the “coming soon” pre-listings are now running behind last year by 5%.

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Housing Market Marketing Inventory New Listings 456

Housing Wire

APRIL 1, 2024

At the same time, seller volume dried up. But now sellers are coming back into the market. 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.

Inventory 488

Inventory New Listings Contracts Sellers 488

Appraisal Buzz

OCTOBER 3, 2024

Following the Federal Reserve ‘s 50 basis point reduction in the jumbo rate in September, mortgage rates significant fell to a 24-month low, prompting sellers to move. The Realtor.com 2024 September Housing Report states that actively listed properties increased by 34.0%, while newly listed homes increased by 11.6%

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Marketing New Listings Sellers Advertising 418

Housing Wire

FEBRUARY 5, 2024

There are more buyers than sellers. We have slightly more sellers now than we did a year ago and inventory is now 8.8% More sellers this week than last week Each week, just a few more home sellers are testing this market. There were 7% more new sellers this week than the same week a year ago.

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Mortgage Inventory Sellers New Listings 468

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.

Inventory 514

Inventory New Listings Housing Market Contracts 514

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

FEBRUARY 20, 2024

Even as money is more expensive and there are more sellers than a year ago, we can also see slight home sales growth over 2023. New listings rise New listings continue to show us that more sellers are interested in this market this year. Is new supply growing out of balance with demand?

Mortgage 514

Mortgage Inventory Sellers New Listings 514

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

MARCH 6, 2024

Bad for sellers Prospective home sellers may not notice incremental changes in mortgage rates. percentage points—sellers take notice. Facing these realities, many would-be sellers decide to stay put. This is clear in the chart below, which shows the year-over-year percent change in the four-week average of new listings.

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Mortgage Sellers New Listings Buyers 468

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

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.). .

Housing Market 540

Housing Market Marketing New Listings Mortgage 540

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.

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Insurance Inventory Marketing Real Estate 448

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% While sellers are responding to market signals by cutting prices more frequently, data suggests they aren’t calling it quits and pulling their homes off of the market.

Housing Market 418

Housing Market Buyers Marketing Inventory 418

Housing Wire

DECEMBER 21, 2022

.” One of the housing economic realities that I have been trying to stress this year is that a traditional seller of a home is typically a buyer as well. This explains why total active listing inventory data has been stable over the decades, with the exception of 2006-2011, when those forced distressed credit home sellers couldn’t buy.

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Inventory New Listings Housing Market Sellers 531

Housing Wire

DECEMBER 16, 2024

Ten states have more inventory unsold than in 2019, which was the last sort of normal year before the pandemic. New listings When we look at the sellers entering the market, there were 45,000 new listings last week. We have a growing number of sellers each week compared to last year.

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Inventory Housing Market Marketing Sellers 369

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

JANUARY 13, 2024

So let’s hope for more home sellers in 2024. 6-13): Inventory rose from 471,349 to 473,406 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 is 569,898 For context, active listings for this week in 2015 were 931,002 I don’t want to jinx this because active inventory rose last year at this time. 2022 21.7%

Inventory 534

Inventory New Listings Retail Mortgage 534

Housing Wire

MAY 8, 2024

Since most sellers are buyers, inventory should be stable if demand is stable. So you can see why we have so few stressed sellers. A perfect example is that the last few years, new listings have been trending between 30,000 and 90,000 per week. Demographics also play a role here.

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Inventory Law New Listings Sellers 518

Appraisal Buzz

AUGUST 1, 2024

“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

Inventory Sellers Buyers Housing Market 418

Housing Wire

OCTOBER 7, 2024

Even the withdrawal rate of frustrated home sellers declined over the last month. 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. Last year’s home sales were low.

Housing Market 476

Housing Market Marketing Mortgage Contracts 476

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.

Housing Market 476

Housing Market Marketing Inventory New Listings 476

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. million, a 1.1%

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Contracts Realtors New Listings Real Estate 501

Housing Wire

JULY 13, 2021

Two of my buyers just had their offers accepted because the sellers’ first buyers backed out. 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. million and 1.92 million to 5.61

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Inventory Housing Market Real Estate Agent Buyers 511

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

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

JUNE 22, 2024

While we aren’t back to the usual trend we had between 2013 and 2019, the fact that we had growth is a plus. Now, context is critical; 2023 new listings data was at the lowest levels ever and 2024 looks to be second in the book. With more sellers who are buyers, we have a tad more demand this year.

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Mortgage Inventory New Listings Contracts 481

Housing Wire

MAY 6, 2024

But it’ll take several more years of elevated mortgage rates before inventory builds back to pre-pandemic levels of 2019 or earlier. New listings There were 71,000 new, unsold listings of single-family homes across the country this week. More home sellers are coming back to the market each week.

Inventory 476

Inventory Contracts Sellers New Listings 476

Housing Wire

APRIL 15, 2024

New Orleans, San Antonio, Tampa, Orlando and Jacksonville are among the locales that posted the slowest month-over-month price growth in March. Sold homes were listed for a week or less in 17 major metros. On the other hand, nearly 27% of homes sold for more than list price in February, compared to less than 19% in 2019.

Housing Market 468

Housing Market Inventory Buyers New Listings 468

Housing Wire

SEPTEMBER 3, 2024

In response, Bright MLS chief economist Lisa Sturtevant noted that while “declining rates are good for both buyers and sellers,“ rates are not yet low enough to alleviate the lock-in effect that has stopped many potential listings in their tracks. This rate gap has kept some homeowners from listing their home for sale.

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Mortgage Inventory Buyers Sellers 501