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Midwest, Northeast housing markets stay hot amid national cooldown

Housing Wire

Our new listings have gone up slightly but not enough to keep up with demand. I think that we’ve underbuilt for 13 years in this country and in this state, so definitely, new construction is in order, she said. That would definitely help with the sale pricing of new construction.

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Indiana’s housing market is primed to bounce back in 2024

Housing Wire

We were up year over year in inventory , but we were at a 25 year low on new listings.” With existing inventory down, Schuler said new construction has taken on a larger role in his market. Very few new construction homes are going up in our area,” Diamond said. 23, 2024. “In

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Home prices accelerated in March even as mortgage rates climbed

Housing Wire

Low inventory , maintained by an extremely low level of new listings coming onto the market, has fueled demand amongst the few buyers who can afford to stay shopping. As inventory remains a challenge in this market, so too will affordability be rocked by stubbornly high prices that aren’t looking to move drastically any time soon.

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A look at Knoxville’s hot housing market

Housing Wire

“I never know how my day is going to go, because when a new listing comes on the market in Knoxville, the race is on. ” On the construction side, builders throughout the country are struggling to keep up with demand, as lumber and building material prices remain high. It’s like a horse race.

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57 crucial real estate statistics that explain the 2025 market

Housing Wire

The median list price of homes in the US is $435,000; the median price of new listings is $435,900. Homebuyers found photos to be the most valuable feature found on a listing website (66%). There are about 790,000 multi-unit properties under construction as of December 2024. 10% of properties have been relisted.

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Home sales dip, but prices are holding steady for now

Housing Wire

So, the author tried to use new construction prices from back in April to describe the whole U.S. For example if mortgage rates hit 8%, we’ll definitely see it in the data. The median price of the newly listed cohort is $390,000 now, that’s down from last week and essentially unchanged vs last year. housing market now.

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Nearly All of U.S. Homes Sitting For at Least a Month 

Appraisal Buzz

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, seasonally adjusted 526,740 1.6% Total homes for sale, seasonally adjusted (active listings) 1,636,415 -0.3% New listings rose 1.6%