Housing Wire

DECEMBER 2, 2021

It’s official – housing inventory in America is at a crisis level. The number of active listings hit an all-time low during the week ending November 28, according to a Redfin report published on Wednesday. The post Housing inventory has never been lower appeared first on HousingWire.

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Inventory New Listings Contracts Housing Market 516

Housing Wire

MAY 23, 2024

The market continues to grapple with insufficient inventory , Redfin reported. New listings have risen approximately 8% compared to last year, yet overall inventory remains below typical spring levels. Simultaneously, persistently high housing costs have driven pending home sales down by 4.2%

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Housing Wire

FEBRUARY 8, 2024

Real estate professionals throughout the state attribute the resilience of the state’s housing market to its perpetually low inventory problem. Inventory is almost nonexistent,” said Melissa Kingsbury , a Redfin agent who works in the southwest suburbs of Chicago. “If As of Feb. Across the state, as of Feb.

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Inventory Agents Housing Market Luxury Properties 468

Housing Wire

APRIL 4, 2025

While they previously accounted for only 2% to 4% of listings, that share surged to nearly 8% of new listings by February 2025. Office exclusives, also known as private or pocket listings , refer to residential properties that are marketed privately rather than being broadly shared through the Multiple Listing Service (MLS).

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Brokerage Inventory Agents Real Estate 326

Appraisal Buzz

JANUARY 31, 2025

When the market isnt competitive, some buyers think they should wait for costs to go down, said Jordan Hammond, a Redfin Premier agent in Raleigh, NC. Home Sales Slow as Prices and Inventory Rise Due to the high cost of purchasing a homemortgage rates are close to 7%, and housing prices are rising 4.8% year-over-year.

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New Listings Sellers Buyers Mortgage 390

Housing Wire

MARCH 18, 2024

real estate market were for inventory growth, sales growth and home-price growth across the U.S. Of my initial expectations this year — rising inventory, rising sales rates, rising prices — only rising inventory remains clear at this moment as we finish Q1 with rising interest rates. As we started 2024, the signals in the U.S.

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Inventory New Listings Sellers Contracts 468

Housing Wire

AUGUST 10, 2020

Rather than a typically busy spring home-buying season , the COVID-19 pandemic pushed the bulk of home-buying this year into the summer months, and real estate agents are busier than ever. Since homebuying season was pushed back from this spring, realtor.com ’s Housing Market Recovery Index reported that August is the new May.

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Agents Business Inventory Real Estate Agent 544

Housing Wire

JUNE 7, 2022

So few single-family homes are for sale in America that just two months of inventory is available across the top 100 metro areas in the country, a historic low. In markets like San Diego and Los Angeles, any listing under $3 million on average takes less than three months to sell. year over year.

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Inventory Housing Market Investors Sellers 448

Appraisal Buzz

MARCH 14, 2025

Some homes are attracting bidding wars like its 2020 again, while others are sitting on the market for weeks with no action, said Desiree Bourgeois, a Redfin Premier Real Estate Agent in Detroit. And in Florida, unsold inventory is piling up amid skyrocketing insurance costs and HOA fees, along with intensifying natural disasters.

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Contracts HOA New Listings Real Estate Agent 393

Housing Wire

JULY 31, 2024

If antitrust lawsuits are impacting agent commissions, it’s not happening at Compass. Compass also said it is not seeing any changes in new listings with regard to commission offers, whether on the Compass platform or on multiple listings services (MLSs). 17 when the new rules mandated by the settlement take effect.

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Agents Brokerage New Listings Buyers 448

Housing Wire

MARCH 22, 2024

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I We are seeing a healthy increase in inventory, which we really needed.” Smith attributes the uptick in inventory to a bump in new listings.

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Insurance Inventory Marketing Real Estate 448

Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At We are still going to suffer from lack of inventory.”

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Housing Market Buyers Agents Marketing 468

Housing Wire

AUGUST 7, 2023

As a result, the available inventory of homes for sale is slightly higher each week. With fewer transactions, inventory is building just a bit as we approach the end of the summer. When will inventory peak for the year? Inventory Inventory is still climbing just a bit each week as we approach the end of the season.

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Inventory New Listings Contracts Sellers 369

Housing Wire

MAY 8, 2024

Robert Reffkin is confident that Compass and its agents have what it takes to continue growing and succeeding in the changing real estate environment. “In We are a company of top agents.” annual increase in the number of transactions closed by Compass agents, which came in at 38,449 sides for a volume of $40.1 in 2003. “We

Agents 468

Agents Real Estate Brokerage Clients 468

Housing Wire

JANUARY 19, 2023

While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said. In other markets, including the Cleveland district, low inventory levels hindered home prices from dropping further.

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Inventory Housing Market Marketing Construction 448

Housing Wire

OCTOBER 10, 2024

Agents and LOs are grappling with heavily damaged housing markets in the Southeast. We already had very thin inventory and some of our deals are dead because houses have been ruined. New listings and pending home sales data from Altos Research captured the housing markets around Asheville coming to a screeching halt.

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Agents Insurance Housing Market New Listings 434

Housing Wire

JULY 29, 2024

New home sales contracts are coming in pretty consistently fewer than last year — 4.9% 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.

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Housing Market Marketing Inventory New Listings 458

Housing Wire

AUGUST 21, 2023

Buyers in this real estate market notice these affordability changes, and so we can see in the data fewer home purchase offers, slightly climbing unsold inventory, and slightly more price reductions for the homes that are on the market. Rising rates make more inventory. So how much inventory will we add this fall?

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Inventory Contracts Buyers Sellers 370

Housing Wire

MARCH 14, 2025

Why are real estate statistics important for agents? The median list price of homes in the US is $435,000; the median price of new listings is $435,900. There is currently an inventory of 642,359 properties. Is there a better way to make yourself the go-to agent in your area?

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Real Estate Marketing Real Estate Agent Sellers 360

Housing Wire

MARCH 29, 2024

What ensued next was a rapid cooldown, which saw the median list price fall by more than $100,000 by mid-February 2023 to $533,000. April and May of 2022 is when we felt the first slowdown ,” said Scott Michaels, an Austin-based Compass agent. I feel like the market we are in, from an inventory standpoint, feels similar to last year.”

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Housing Market Agents Marketing Inventory 459

Housing Wire

SEPTEMBER 30, 2020

” Kanacki’s market, like many others, remains competitive as buyers continue to experience bidding wars amid historically low housing inventory and an uptick in home prices. “I There were nine new pending contracts for every 10 new listings, a slower rate than the 9.9 Over the last four weeks ending on Sept.

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Real Estate Agent Real Estate Agents Realtors 546

Inman

JULY 24, 2024

Inventory is rising again, according to an analysis of housing data. But agents are still scrounging. Hundreds of brokers and agents shared what's working in the latest polling from Inman Intel.

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Inventory New Listings Agents Realtors 183

Housing Wire

APRIL 25, 2024

When the meeting concluded, DeRoussel quickly reached out to the seller’s agent to see if her client could get in for a tour, but it was too late. “I I called the listing agent and it was listed three hours ago, but it was sold,” the Cincinnati, Ohio -based eXp Realty agent said. “We We couldn’t even see it.

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Buyers Marketing Inventory Investors 459

Housing Wire

JULY 13, 2021

Per a recent Redfin study , 65% of home offers written by company agents in June faced competition, down from a rate of 72.1% 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. in May and a peak of 74.1%

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Inventory Housing Market Real Estate Agent Buyers 511

Housing Wire

MARCH 28, 2024

The past year and a half, with its rising mortgage rates , low inventory, and economic uncertainty, has been a challenge for real estate pros, not to mention the buyers and sellers they serve. Make sure you’re ready to share new listings and that potential clients can easily contact you through your platforms.

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Real Estate Agent Real Estate Agents Clients 468

Housing Wire

JULY 22, 2024

Inventory sees a big jump There was a pretty big inventory jump of 2.6% We’re rebounding inventory after the holiday, so it’s not that much of a surprise, and it’s less of a jump than what was happening at this time in 2022. This is the same gap as we’ve been at for a while — just around 40% inventory growth over 2023.

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Buyers Inventory New Listings Sellers 488

Housing Wire

SEPTEMBER 30, 2024

But while the market has cooled, local agents say it isn’t tepid. “If If you price the house right, you are still seeing a lot of interest and offers,” said Danny Yoon, an Edgewater, New Jersey-based agent for Sotheby’s International Realty. “I 27, the county had a 90-day average of 909 active single-family listings.

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Housing Market Marketing Inventory Agents 432

Inman

JULY 15, 2024

Inventory is rising again, but agents are still scrounging for new listings. Hundreds of brokers and agents shared what's working in still-tight markets in new responses from the Intel Index survey.

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Inventory New Listings Agents Marketing 199

Housing Wire

SEPTEMBER 24, 2024

said Tricia Marchert, an agent with Keller Williams Infinity. “We’ve New listings have stalled as a result of rising inventory. According to Scott Curcio, an agent with Baird & Warner Real Estate, the neighborhoods of downtown, the Gold Coast and River North are still in a recovery phase. “We’ve

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Housing Market Marketing Property Taxes Inventory 459

Appraisal Buzz

AUGUST 26, 2024

Lower-priced homes are really moving right now, especially since rates went down to around 6.5%,” said Derrell Skillman, a Redfin Premier agent in San Antonio, where pending sales of starter homes rose 22% last month. “We The growth in starting home prices was restrained compared to other price categories due to higher inventory levels.

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New Listings Bracketing Inventory Buyers 444

Appraisal Buzz

JUNE 12, 2024

Inventory, New Listings and Pending Sales Overview New listings increased by 7.9% more new listings compared to last year. New listings are still 23.3% Inventory (the number of listings active at any time during the month) in May increased by 7.4% Inventory levels are 33.8%

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Sellers Buyers New Listings Home Value 397

Appraisal Buzz

DECEMBER 30, 2024

Analysts suggest that limited inventory is driving competition in these areas, keeping buyer activity robust despite high costs. Portlands new listings fell by 20.3% New listings in other West Coast cities like Oakland, San Jose, and Sacramento also dropped significantly.

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Marketing New Listings Inventory Housing Market 402

Housing Wire

SEPTEMBER 17, 2024

To get a sense for what the mood is among real estate agents right now, look no further than Portland , Oregon. Like the vast majority of the country, the city’s housing market has been stymied by high mortgage rates, low inventory and mismatched expectations between buyers and sellers. 25 statewide in 2023 transaction volume.

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Housing Market Marketing Sellers Buyers 479

Appraisal Buzz

JULY 25, 2024

“There is still strong demand for well-priced, high-end properties, especially those which are presented beautifully and move-in ready,” said Crystal Zschirnt, a Redfin Premier Agent in Fort Worth, Texas , where luxury home sales were up 9.7% We had a client recently list a property for $2.4 Non-luxury inventory rose 3.9%.

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New Listings Inventory Market Value Buyers 396

Housing Wire

JULY 20, 2021

Redfin reported recently that 65% of home offers written by company agents in June faced competition, down from a rate of 72.1% New listings are also up 4% year over year, meaning more properties are hitting the housing market for buyers to bid on. In 2018-2019, total housing market inventory was in the range between 1.52

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Housing Market Marketing Inventory Construction 511

Housing Wire

MARCH 1, 2024

We were up year over year in inventory , but we were at a 25 year low on new listings.” From a seller’s standpoint it may make a bit more sense to sell now, so we are creating some more inventory and buyer are taking advantage of lower rates and more stable home prices.” According to Altos Research, as of Feb.

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Housing Market Marketing Inventory Construction 468

Housing Wire

JUNE 28, 2024

For many, summertime in northern New Hampshire is the perfect opportunity to get back to nature, relax lakeside and generally slow down a little. According to local real estate agents, the region’s housing market seems to have read the same memo, as June did not bring the same market boost as many have grown accustomed to.

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Housing Market Marketing Inventory Buyers 397