Housing Wire

MAY 6, 2024

By the end of the summer, it looks like inventory will finally be back above 2020 levels. In the video above, you can see in the inventory chart how this year’s trajectory is climbing and looks like it’ll cross the 2020 levels by July. In 2022, however, there were 105,000 single-family homes listed for sale in the first week of May.

Inventory 476

Inventory Contracts Sellers New Listings 476

Housing Wire

FEBRUARY 25, 2025

annually since 2020 , led by markets in Florida, North Carolina, Southern California, and Arizona. San Francisco , the lowest-performing major market since 2020, saw prices drop by 4.5% New York City continued to demonstrate strength in home prices, up 7.2% Home prices were up 3.9% annually in December 2024, up from a 3.7%

Housing Market 368

Housing Market New Listings Inventory Sellers 368

Housing Wire

SEPTEMBER 25, 2024

Home prices jump The median price of the homes that went into contract this week jumped to $389,900. It’s the second week in a row with an uptick in the price of the homes going into contract. New listings healthy There were 70,000 new listings unsold for single-family homes this week. Since 2020, the U.S.

Inventory 468

Inventory New Listings Sellers Contracts 468

Housing Wire

JANUARY 26, 2024

It was the largest monthly jump in pending home sales since 2020. For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. New home sales , another measure of contract signings, rose 8% in December on the back of declining mortgage rates. But new listings activity grew by 9.1%

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Contracts Housing Market Construction Inventory 482

Housing Wire

AUGUST 17, 2024

Oddly enough, those levels were the five-decade low before 2020. While I didn’t get my minimum target of 80,000 new listings during this year’s peak seasonal weeks, I am pleased we saw growth. However, 2024 is still an improvement over 2023, which was the lowest new listing data ever recorded.

Inventory 518

Inventory Mortgage New Listings Contracts 518

Housing Wire

JULY 20, 2024

Yes, home prices are still rising in 2024, but the pace is significantly slower than in 2020 and 2021. The seasonal decline in new listings will begin soon and we will see if we get fewer sellers in the second half of the year than the current trend. So far the weekly high print in 2024 is only 72,329.

Inventory 526

Inventory New Listings Contracts Mortgage 526

Housing Wire

FEBRUARY 3, 2025

Home prices contract The median price for home sales contracts entered this week was at $389,700. By early 2020, mortgage rates were pretty low. New listings drop There were just under 49,000 new listings unsold for single-family homes this week. Thats up a percent for the week and is 2.5%

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Sellers Inventory New Listings Contracts 413

Housing Wire

SEPTEMBER 3, 2024

New listing numbers are low There were just 59,000 new listings unsold this week for single-family homes. There were another 10,000 new listings that immediately sold. Pending home sales stay the same There were 64,000 new contracts pending this week for single-family homes.

Inventory 458

Inventory New Listings Contracts Buyers 458

Housing Wire

JULY 21, 2021

share in June 2020 and the 20.2% above its asking price, that means it was listed for $301,872, said Daryl Fairweather, Redfin’s chief economist. ” Condos sold at their fastest pace on record in June, with the typical condo that sold during the month going under contract in 22 days. to a record $405,000.

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Buyers New Listings Contracts Marketing 459

Housing Wire

OCTOBER 15, 2021

One-third of homes that went under contract had an accepted offer within one week of hitting the market, a new report from Redfin found. In addition, the number of homes that went under contract within two weeks of listing rose to 46% from 42% during the same period in 2020. points from a month earlier.

Landlords 403

Landlords Contracts Inventory New Listings 403

Housing Wire

AUGUST 4, 2024

We can’t have a functional housing market with the inventory levels we saw from 2020-2023. While I didn’t get my minimum target of 80,000 new listings during the peak seasonal weeks this year, it was good to see growth. Weekly housing inventory data The best story in 2024 has been inventory growth.

Mortgage 518

Mortgage Inventory New Listings Housing Market 518

Appraisal Buzz

FEBRUARY 13, 2025

According to a new report from Redfin , homebuyers have the most options since 2020, but few are biting because rising housing costs have made monthly payments tough to swallow. Active listings of homes for sale rose to the highest level since early in the pandemic. of homes that went under contract last month.

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Inventory New Listings Sellers Real Estate Agent 397

Housing Wire

OCTOBER 13, 2024

Remember that 2023 had the lowest new listings data ever and 2024 will have the second lowest. Also, let’s remember that 2019 inventory levels were a four-decade low before 2020. Weekly pending sales Below is the Altos Research weekly pending contract data to show real-time demand.

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Inventory New Listings Retail Mortgage 511

Housing Wire

SEPTEMBER 22, 2022

With the home-price growth we had in 2020 and 2021, my five-year price-growth model that I set for 2020-2024 of 23% was already smashed in just two years. Since the summer of 2020, I have talked about what could change the housing market, which was a 10-year yield above 1.94%, which means rates over 4%. million in August.”

Inventory 482

Inventory Housing Market New Listings Mortgage 482

Housing Wire

JUNE 21, 2021

Currently on Realtor.com , more than 2,000 homes are currently on the market in Knoxville with an average listing price of $270,000. According to the Knoxville Area Association of Realtors , the number of houses for sale in 2020 was down 47.5% The KAAR also said housing inventory dropped for six straight months to start the new year.

Housing Market 459

Housing Market Marketing Realtors Inventory 459

Appraisal Buzz

JANUARY 31, 2025

home listing that went under contract stayed on the market for 54 days, which is the longest period since March 2020 and one week longer than it was at this time last year. As new listings increase and mortgage rates declineat least somewhatfrom their peak in early January, the market should pick up steam in the upcoming weeks.

New Listings 390

New Listings Sellers Buyers Mortgage 390

Housing Wire

SEPTEMBER 1, 2024

The best part about 2024 has been that higher mortgage rates have created an inventory buffer, so if the economy gets softer and rates fall, we have many more homes to work with than we had in 2020-2023. 2024 is the second-lowest new listing year recorded in history. Weekly inventory change (Aug.

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Inventory Mortgage New Listings Housing Market 538

Housing Wire

DECEMBER 14, 2024

Additionally, our pending contracts are still reflecting double-digit year-over-year growth. Weekly pending sales The weekly pending contract data from Altos Research gives us a great peek into real-time housing demand. Lets look at this weeks Tracker data to see if this trend can continue for the rest of 2024.

Mortgage 448

Mortgage Inventory New Listings Contracts 448

Housing Wire

SEPTEMBER 30, 2020

Realtors can usually count on their biggest season being spring, followed by summer, but nothing about 2020 has been normal, including home-buying patterns. With shut-down orders in the spring, summer became the new home-buying season, but homebuyers were still incredibly active in August. Over the last four weeks ending on Sept.

Real Estate Agent 546

Real Estate Agent Real Estate Agents Realtors 546

Housing Wire

SEPTEMBER 12, 2024

New listings, meanwhile, grew slightly on a monthly and yearly basis but were 21% lower than the same month in 2019. million homes on the market, buyers have the most properties to choose from since September 2020. The share of listings that include a price cut is also sure to increase competition among buyers.

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Housing Market Marketing Inventory Buyers 482

Housing Wire

JUNE 24, 2024

The big takeaway is that we’ll have more inventory than 2020 starting in July. New listings unchanged You can see the continuation of that theme with the new listings volume each week. There were 72,000 new single-family listings unsold this week. This isn’t indicative of runaway supply growth.

Inventory 458

Inventory Sellers New Listings Property Taxes 458

Housing Wire

JANUARY 20, 2023

During that period, we saw new listing data decline. However, in 2020 new listing data came back, and we don’t want to see the new listings continue to decline this year — that would be a double negative for the housing market. Also, this is what the Federal Reserve wants.

Inventory 541

Inventory Housing Market New Listings Marketing 541

Appraisal Buzz

JULY 12, 2024

Now is a good time–at least compared to the recent past–for serious house hunters to get under contract on a home,” said Daryl Fairweather, Chief Economist at Redfin. Compared to 28% two years prior, 40% of the residences on the market had been listed for at least two months without receiving a contract. overall and by 7.3%

Contracts 370

Contracts Inventory Buyers Sellers 370

Housing Wire

AUGUST 7, 2023

It was at this point in 2022 when new listings started plummeting each week. In September, even though new sellers were few, buyers were even fewer, so inventory rose. Through July, new listings volume each week was in the normal range as in previous years. Suddenly new listings volume dropped each week.

Inventory 369

Inventory New Listings Contracts Sellers 369

Housing Wire

SEPTEMBER 22, 2024

Unlike some crazy people on the internet, I was never worried about a massive housing bubble crash, but since the summer of 2020 I’ve been more worried about home prices escalating out of control. However, I missed my 2024 forecast of at least 80,000 new listings per week this year during the seasonal peak months by roughly 5,000.

Mortgage 525

Mortgage Inventory New Listings Contracts 525

Housing Wire

MARCH 22, 2024

In the nearby metro area of Cape Coral-Fort Myers , active single-family inventory over the previous 90 days averaged 6,500 listings as of March 15, above its March 2020 level of 5,044 listings and approaching its March 2019 level of 7,243 listings. Smith attributes the uptick in inventory to a bump in new listings.

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Insurance Inventory Marketing Real Estate 448

Housing Wire

OCTOBER 5, 2024

Weekly pending sales Below is the Altos Research weekly pending contract data to show real-time demand. The seasonality factor is something we have to keep in mind here, but to me the best housing story of 2024 was that we got active inventory higher, something we couldn’t achieve from 2020-2023. Weekly inventory change (Sept.

Mortgage 511

Mortgage Inventory New Listings Retail 511

Housing Wire

MAY 28, 2021

Diving deeper, for the two week period ending May 9, 2021, 57% of homes that went under contract had an accepted offer within the first two weeks on the market. Regionally , the only metro area out of the 400 Redfin studied that saw home sales decline year over year was Rochester, New York (-3%). from a year ago.

Buyers 448

Buyers Real Estate Agent Real Estate Inventory 448

Housing Wire

JULY 24, 2023

Pending Sales There are now 378,000 single-family homes in contract. There were 68,000 new contracts for single-family homes this week. In the chart below, the light portion of each bar represents the new contracts each week. But, there were another 15,000 condos and townhomes that went into contract this week.

Inventory 370

Inventory Contracts New Listings Buyers 370

Housing Wire

DECEMBER 9, 2024

New listings on trend Nationally, there were just 31,000 new listings for single-family homes from the last week which included Thanksgiving weekend. The pandemic boom took off in April 2020, came to a crescendo in Q1 2022 after a two-year buying frenzy, and hit an abrupt halt in July 2022. is $384,900 now.

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Housing Market Marketing Inventory Sellers 418

Housing Wire

AUGUST 1, 2023

The median price of the new listings this week is $399,900. As the summer progresses, each subsequent week of new listings gets priced at a slight discount to the previous weeks. The median price of the homes in contract is $385,000. There are now 376,000 single-family homes in contract.

Inventory 370

Inventory Contracts Buyers Mortgage 370

Appraisal Buzz

AUGUST 5, 2021

HouseCanary’s latest Market Pulse report, covering 22 listing-derived metrics and comparing data between July 2020 and July 2021, has found that the while the nation’s housing supply remains a detriment for the market, net new listings and the number of listings under contract shrinking is a positive sign that is rectifying itself.

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New Listings Contracts Appraisal Marketing 195

Housing Wire

OCTOBER 24, 2022

The price of new listings is dropping. The big question is: how long will the market contraction last and when should we expect things to heat back up? This figure is ahead of last year’s home inventory levels — and slightly more than we had in 2020 — but it is still near record lows. And, there are fewer immediate sales.

Real Estate 345

Real Estate Marketing Inventory Sellers 345

Appraisal Buzz

OCTOBER 11, 2024

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. Pending sales—a more current gauge of housing market activity that includes both existing and newly constructed homes—fell to the lowest level on record aside from April 2020.

New Listings 195

New Listings Buyers Housing Market Real Estate Agent 195

Will Springer Realtor

MAY 9, 2023

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. Where are all the sellers? You can’t buy what’s not for sale!

New Listings 59

New Listings Inventory Buyers Sellers 59

Hank Miller Team

APRIL 6, 2022

Traditionally, the months of May and June see the most new listings as the school cycle hits – graduating families sell and rising families buy. The charts below focus on key indicators; number of listings, number of sales, days on market and sale to list ratio. consider this a broad overview.

Inventory 94

Inventory Contracts Buyers Sellers 94

Housing Wire

JULY 8, 2024

If you have any questions about the paperwork or need help during the contract to close period, please save my number and reach out. provide any specific feedback from the showings and any updates on the market, such as new listings that have come on the market} The market is telling us the asking price is a bit too high.

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Real Estate Business Agents Sellers 435