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Zillow also reported that, after a tumultuous five years, many measures of the housingmarket are trending closer to historic norms. Notably, while the flow of newlistings to the market is still nearly 14% lower than it was before the COVID-19 pandemic, its much improved to compared to the deficit of 25% in March 2024.
Lets look at last weeks data and see if we can tease out the signals for impact on the 2025 housingmarket. Housing inventory It is December, of course, so inventory is falling for the season. There will be fewer homes on the market each week until February or so. Can there be too many homes for sale?
housingmarket. more homes on the market now than a year ago. As we approach that threshold of old levels of unsold homes on the market, it raises those questions about home prices. Newlistings To get a lot of homes on the market though we need some sellers. Unsold newlistings amount to 4.8%
Conversely, a rapid decline in active listings could suggest a market that is heating up. Generally speaking, local housingmarkets where active inventory has returned to pre-pandemic levels have experienced softer home price growth (or outright price declines) over the past 24 months. Active listings (i.e.
This should have sparked the fading embers of an otherwise chilly housingmarket in Seattle/King County in the final days of 2023. The 802 newlistings in December was a low not seen since records were archived online from 1990. Ho, ho, ho … and oh my! rise and a 6.2% gain in Pierce; they were up 3.0% in Snohomish.
2024 Listings Rise for the First Time Since 2015 After years of declining home listings, with 2023 marking the lowest number of newlistings since 1994 , 2024 saw a 6.5% increase in listings. Many sellers had hesitated to list, holding onto their pandemic-era mortgage rates.
2024 Listings Rise for the First Time in Two Years After two years of significant decreases in the number of homes listed, with last year being lowest amount of newlistings since 1994 , 2024 exhibited a 7.7% rise in the number of listings. Will the 2025 Real Estate Market Improve?
2024 Listings Rise for the First Time in Two Years After two years of sharp declines in home listings , including 2023’s record low since 1994, 2024 saw a 10.1% increase in newlistings. However, as circumstances changed, many decided it was time to move on, leading to a notable rise in listings.
2024 Listings Rise for the First Time in Two Years After two years of significant declines in home listings , including a record low in 2023 since 1994, 2024 saw a 10% increase in newlistings. However, as circumstances changed, many sellers decided it was time to move on, leading to a noticeable rise in listings.
In 2024, the South Florida single-family housingmarket saw rising prices, inventory remained tight, and sales declined slightly. 2024 Listings Rise for the First Time in Two Years After two years of sharp declines in home listings , including 2023’s record low since 1994, 2024 saw a 12.5%
2024 Listings Rise for the First Time in Two Years Connecticut has experienced a steady decline in listings since 2015. increase in newlistings. As circumstances evolved, more sellers chose to move forward, contributing to a noticeable rise in listings.
Here’s how topsy-turvy our housingmarket has been this past year-plus. Now you may think I am referring only to homeowners, as in did they miss the peak of the market to sell their home at top dollar. The market may go into a brief lull – as it does during this quarter and into early next year. Estimated opening is 2026.
Inventory, newlistings, sales, and prices all dipped this week. The election took up a lot of peoples’ lives last week, and that obviously delayed some listing and sales activity, plus we’ve had spiking mortgage rates. We’re also at the seasonal decline time for the housingmarket.
Gary Keller, Jay Papasan and Jason Abrams took to the stage at the KW Family Reunion on Tuesday to discuss the housingmarket and current economic trends as they do every year. Keller believes that both 2025 and 2026 will be slow for home sales, but he anticipates that things will eventually pick up in the ensuing years.
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