Housing Wire

DECEMBER 9, 2023

Here is the price cut percentage data for the same week in other years: 2023 38% 2022 42% 2021 27% As you can see, affordability is an issue, and the price cut percentage is higher now than in any period from 2015-2021, but still below 2022 levels. Now lets take a look at the weekly inventory data. Weekly inventory change (Dec.

Mortgage 534

Mortgage Inventory New Listings Sellers 534

Housing Wire

JANUARY 6, 2024

While the percentage of price cuts is still much higher than 2021 levels, this explains why prices were stable in the second half of 2023 versus the second half of 2022. Now that mortgage rates have fallen and as we start the brand new year, we need to focus on this data line more. I talked about this on CNBC a few months ago.

Inventory 542

Inventory New Listings Housing Market Mortgage 542

Housing Wire

MAY 15, 2024

After an initial rush to get to market in Q2 2022, new listings volume fell precipitously. In July 2022, new listings volume per week dropped from 90,000 at the end of June to approximately 74,000 just after the July 4th holiday. million in January 2021 (when mortgage rates were 2.7%) fell to 3.9

Mortgage 459

Mortgage New Listings Inventory Sellers 459

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. in 2021 and as high as 6.25% in 2022. It wasn’t the rate move that caught my attention — it was the new listing data. But now this is a real risk. The parts of the U.S.

Mortgage 525

Mortgage Inventory New Listings Sellers 525

Housing Wire

NOVEMBER 25, 2023

18): Inventory fell from 569,571 to 564,571 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 so far is 569,898 For context, active listings for this week in 2015 were 1,104,514 New listings data fell weekly but showed positive year-over-year growth. Weekly inventory change (Nov.

Inventory 537

Inventory Mortgage New Listings Buyers 537

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.

Inventory 505

Inventory New Listings Housing Market Mortgage 505

Housing Wire

MAY 21, 2023

New listings data fell, however, active inventory grew. Here’s a quick rundown of the last week: Total active listings grew by 3,809 weekly, but new listings are still trending at all-time lows. However, at this time last year, we saw some new listings growth versus 2021 levels. million.

Housing Market 511

Housing Market Marketing Inventory New Listings 511

Housing Wire

APRIL 16, 2023

The seasonal housing inventory bottom evaded us again last week as active listings fell and new listing inventory decreased. Here’s a quick rundown of the last week: Active inventory fell 5,383 last week, and new listing data is still trending at all-time lows in 2023.

Inventory 539

Inventory Housing Market Marketing New Listings 539

Housing Wire

FEBRUARY 26, 2024

Meanwhile, homeowners association (HOA) fees multiplied for many condo buildings in the aftermath of the 2021 Surfside condo collapse. In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs.

HOA 501

HOA Law Insurance New Listings 501

Housing Wire

DECEMBER 2, 2023

18): Inventory fell from 564,571 to 550,302 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 so far is 569,898 For context, active listings for this week in 2015 were 1,081,712 The one positive inventory story in 2023 is that we formed a bottom in the new listings data! Weekly inventory change (Nov.

Mortgage 543

Mortgage Inventory New Listings Sellers 543

Appraisal Buzz

JULY 18, 2022

RE/MAX has released new data through its National Housing Report covering the month of June which found that halfway through the peak summer buying season inventory is up, yet still below levels seen in 2021, but more signs are starting to appear signaling a more balanced market may soon be a reality.

New Listings 150

New Listings Inventory Appraisal Marketing 150

Housing Wire

JUNE 17, 2021

And 54% of homes sold above their asking price in May — another a record high, up from 26% a year ago, according to a new report from Redfin. The report also shows the housing market also set new records for home-selling speeds and competition, although seasonally adjusted home sales and new listings flattened from April.

Housing Market 535

Housing Market New Listings Sellers Buyers 535

Housing Wire

MAY 7, 2023

Just when I thought it was safe to say we were getting more traditional spring housing inventory , we hit a snag last week, as active inventory and new listings declined. However, one thing is for sure, housing is not going to crash due to large-scale panic-selling — a scare tactic of late 2021 that didn’t work then or now.

Inventory 505

Inventory Housing Market Marketing New Listings 505

Housing Wire

APRIL 9, 2023

Active inventory rose by 823 single-family homes and new listing data is trending at all-time lows. This year looks similar to 2021 data, which bottomed on April 9 , so April could be the turning point. The NAR data going back decades shows how difficult it’s been to get back to anything normal on the active listing side.

Housing Market 540

Housing Market Marketing Mortgage Inventory 540

Housing Wire

FEBRUARY 12, 2024

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 467

Sellers Housing Market Buyers New Listings 467

Housing Wire

NOVEMBER 4, 2023

4): Inventory fell from 578,089 to 574,973 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 so far is 566,882 For context, active listings for this week in 2015 were 1,140,753 New listings data has been trending at the lowest levels ever for 15 months now, and not too much has changed from that trend.

Mortgage 511

Mortgage Inventory New Listings Real Estate 511

Housing Wire

FEBRUARY 8, 2025

The last two years were the two lowest new listings data years in history. We also got to 80,000 in 2021 and 2022, so I am not asking a lot here, but we didnt get it last year when I was sure we would. Weekly inventory change (Jan. 31-Feb 7): Inventory fell from 634,979 to 632,367 The same week last year (Feb.

Mortgage 490

Mortgage Inventory New Listings Contracts 490

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?

Inventory 526

Inventory New Listings Housing Market Sellers 526

Housing Wire

APRIL 30, 2023

Weekly housing inventory Since new listing data was trending at all-time lows in 2023, some feared we wouldn’t see the typical spring inventory increase. After the last few weeks , we can put that fear aside: we are finally getting the seasonal increase in active listing. This link explains the difference and is worth a read.

Inventory 525

Inventory Housing Market Marketing New Listings 525

Housing Wire

JUNE 9, 2023

They went all in during COVID-19 in 2020, doubled down in 2021 as the forbearance crash bros but really bet the farm on a massive home-price crash in 2023 after the most significant home sales crash ever in 2022. This was a big deal, and the weekly Housing Market Tracker of new listing data was all over this.

Inventory 546

Inventory Housing Market New Listings Mortgage 546

Housing Wire

NOVEMBER 11, 2023

We saw some good growth this week, and hopefully, in 2024, we can close the gap and get back to 2021-2022 data on new listings. That is the critical period for new listing data to grow; remember, most sellers are buyers. Weekly inventory change (Nov. 23 and went from 8% to 7.38% on Nov.

Inventory 505

Inventory New Listings Mortgage Retail 505

Housing Wire

APRIL 23, 2023

Here’s a quick rundown of the last week: Active listings rose by 8,546 , and new listing data showed some growth. If that is the case, then this week’s gain in active inventory and new listings needs to be taken with a grain of salt until we get next week’s data. However, I will take what I can now.

Inventory 545

Inventory Housing Market Marketing New Listings 545

Housing Wire

DECEMBER 21, 2022

We have had two historic events that created a waterfall dive in demand recently; we now have precise data showing new listing data declining with those events, which shows how important that data line is to housing demand. Mortgage rates spiked in March, and then the new listing data started to decline at the end of June.

Inventory 531

Inventory New Listings Housing Market Sellers 531

Housing Wire

DECEMBER 16, 2023

This is what we see, and it’s much needed; we need more new listings and not fewer. New listings data for last week in the last several years: 2023: 39,613 2022: 34,973 2021: 39,936 Traditionally, one-third of all homes will have price cuts before they sell. Weekly inventory change : (Dec.

Inventory 536

Inventory New Listings Mortgage Law 536

Housing Wire

APRIL 3, 2023

Active inventory fell by 3,141, and new listing data fell again and is still trending at all-time lows. It looks similar to 2021 data, which bottomed on April 9. The NAR data going back decades shows how difficult it’s been to get back to anything normal on the active listing side. Mortgage rates rose to 6.57%.

Inventory 505

Inventory Housing Market Marketing New Listings 505

Housing Wire

MARCH 26, 2023

Active inventory fell 1,109, and new listing data made a lovely comeback week to week but was still noticeably down year over year. One piece of good news last week was that the new listing data, which saw a significant collapse two weeks ago, rebounded excellently to return to a usual trend.

Inventory 476

Inventory Housing Market Marketing Mortgage 476

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. from December 2021 ($358,800), as prices rose in all regions.

Inventory 541

Inventory Housing Market New Listings Marketing 541

Housing Wire

APRIL 19, 2024

A surge in new listings of luxury homes was not enough to curb the price growth associated with rising demand. New listings of luxury homes soared 18.5% Luxury sales started to post year-over-year increases in January for the first time since August 2021. During the three months ending Feb. year over year.

Luxury Properties 488

Luxury Properties New Listings Buyers Market Value 488

Housing Wire

NOVEMBER 5, 2021

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. This is probably not the time to buy your Aspen dream home. The slightly more affordable Aspen option are condos.

Housing Market 476

Housing Market Marketing Real Estate Agent Contracts 476

Housing Wire

OCTOBER 7, 2023

7): Inventory rose from 561,229 to 562,249 The inventory bottom for 2022 was 240,194 The inventory peak for 2023 so far is 537,032 For context, active listings for this week in 2015 were 1,168,416 New listings data has been trending at the lowest levels recorded in history for over 13 months but at least it’s been an orderly decline.

Inventory 508

Inventory New Listings Mortgage Marketing 508

Housing Wire

MARCH 6, 2025

Inventory levels are also still higher than the COVID-19 inventory lows: In late February 2021, inventory levels sat at 2,414 single-family units. New listings remain low as owners lock in Altos’s data for new listings accounts for single-family homes that come to market without an immediate or pending contract.

Inventory 298

Inventory New Listings Government Housing Market 298

Housing Wire

MARCH 10, 2025

New listings volume is trying to grow with its biggest week since September. List prices inched up for the week, though sales prices did not advance. NEW LISTINGS There was a nice jump in the new listings volume this week. I have the weekly new listings volume in this chart.

Inventory 389

Inventory New Listings Housing Market Sellers 389

Housing Wire

SEPTEMBER 15, 2023

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. year over year, the largest annual decline since June 2021. million in August, falling 1.1%

Buyers 448

Buyers Mortgage New Listings Real Estate 448

Housing Wire

MARCH 6, 2024

This is clear in the chart below, which shows the year-over-year percent change in the four-week average of new listings. This data, courtesy of Altos, shows that new listings retreat when rates rise and accelerate when rates fall: High rates are bad, too, for the sellers who decided to list their homes.

Mortgage 468

Mortgage Sellers New Listings Buyers 468

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.

Inventory 513

Inventory Housing Market Marketing New Listings 513

Housing Wire

JULY 13, 2021

The market is still competitive, but buyers are more trepidatious than they were at the start of 2021, and less willing to pull out every stop in order to win.” 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.

Inventory 511

Inventory Housing Market Real Estate Agent Buyers 511

Housing Wire

SEPTEMBER 1, 2024

As part of “team higher rates” in 2021 and 2022, this is precisely what I wanted to see happen because we can’t assume mortgage rates will stay elevated in the 7%-8% range. 2024 is the second-lowest new listing year recorded in history. Weekly inventory change (Aug.

Inventory 538

Inventory Mortgage New Listings Housing Market 538