Remove 2021 Remove Contracts Remove New Listings
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Altos: Sellers are coming back to the housing market, can buyers keep up?

Housing Wire

New listings each week, which were record few last year, are growing now. New listings volume climbing I want to start today with the new listings volume, which is notably finally climbing over last year’s anemic levels. There were 66,000 new listings this week, of which 14,000 are already in contract.

Sellers 468
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Here’s what is happening in local housing markets across the country

Housing Wire

According to a report produced by Douglas Elliman and real estate appraisal company Miller Samuel , single-family home listings sloped down 58% year-over-year in July 2021 to a paltry 20 total in the famous ski-resort town. Thirty-three condo contracts were entered in July and 20 were in the $2-$4 million range.

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

Housing Wire

One difference between 2023 and 2024 is that this year the pending contract data shows small but steady year-over-year sales growth. I love that new listings data is growing yearly, but it’s been too light for me. Our weekly tracking data is months ahead of the existing home sales report, so we always give readers a heads-up.

Inventory 514
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Home inventory is climbing even faster than this time a year ago

Housing Wire

This is a demand-driven slowdown, because new listings supply is still running 9% to 10% fewer homes for sale each week than this time last year. We’re seeing fewer new sellers each week, but inventory is building as homebuyers wait to see if mortgage rates will come down to make purchases more affordable. from last week.

Inventory 505
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Why aren’t home prices falling?

Housing Wire

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.

Inventory 468
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Housing inventory up almost 40% over last year

Housing Wire

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
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Buyers are getting cold feet as mortgage rates exceed 7%: Redfin

Housing Wire

of homes that went under contract that month, according to a new report from Redfin. New Listings Tick Up Slightly, But Overall Housing Supply Remains at Record Low New listings rose 0.8% Year-over-year new listings were down 14.4%. New listings have likely bottomed out,” she said.

Buyers 448