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Prices for pending home sales reach record high

Housing Wire

We’re watching sales volumes , which are definitely up over past year but remain slow. Housing inventory When we look at the active inventory of unsold homes on the market, we can definitely see the impact of higher mortgage rates in the past month. New listings Growing inventory is not just about slowing demand.

Inventory 529
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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 456
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What will happen to home prices with more inventory?

Housing Wire

With the Easter holiday last week, data for housing inventory , new listings and the pace of new contracts started all took a breather from their growth pace. Here’s how 2024 is shaping up: There are now more listings, more active inventory and more sales than a year ago. That’s down 8.5% fewer than a year ago.

Inventory 493
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Home price signals point to flat growth

Housing Wire

New listings There were 71,000 new, unsold listings of single-family homes across the country this week. These are new listings that are already under contract, so they’re not counted in the active inventory. In fact 28,000 of these listings went into contract immediately, compared to 22,000 now.

Inventory 474
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Is housing inventory growth finally slowing?

Housing Wire

New listings come at slow rate On the new listings side, we’ve covered the slow rate of sellers now for two full years. This week was no different with 67,000 new listings of single-family homes. Home sales down a teeny bit There are 366,000 single-family homes under contract.

Inventory 399
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Rising insurance costs, ample inventory create a unique market in Southwest Florida

Housing Wire

In the nearby metro area of Cape Coral-Fort Myers , active single-family inventory over the previous 90 days averaged 6,500 listings as of March 15, above its March 2020 level of 5,044 listings and approaching its March 2019 level of 7,243 listings. Smith attributes the uptick in inventory to a bump in new listings.

Insurance 446
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Altos: More sellers and price reductions, but fewer homebuyers

Housing Wire

Each week, there are more new listings than a year ago, allowing inventory to build and eventually leading to more home sales this year than last. Home prices aren’t falling but the growth signals are definitely softening. And sure enough the number of new contracts started this week dipped. Almost 1% dip.

Sellers 468