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Are home sellers finally coming back to the market?

Housing Wire

The defining characteristic of the 2023 housing market has been dramatically fewer home sellers than any recent year. In this week’s Altos Research video, I look at how home sellers and sales are up, but that doesn’t mean prices will climb in 2024. Could we see new inventory from distressed sellers if we see a deep recession?

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Altos: More sellers and price reductions, but fewer homebuyers

Housing Wire

We still see more sellers than last year. And sure enough the number of new contracts started this week dipped. We are in the normal range with price reductions, meaning sellers are generally fine, generally getting their prices. More sellers with price cuts than a year ago. But that sales growth rate is fragile too.

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Altos: Sellers are coming back to the housing market, can buyers keep up?

Housing Wire

There are still notably not a lot of sellers. But home sellers are gradually easing back into this housing market. There were 66,000 new listings this week, of which 14,000 are already in contract. Sellers are coming back to this housing market. 14,000 of those new listings are already in contract.

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The strong spring real estate market will surprise you: Altos

Housing Wire

Sellers are coming back There are 499,000 single-family homes unsold on the market now. There are slightly more sellers each week. Last year, was marked by how few sellers there were. We can expect to have more sellers all year. Sales were held back for lack of sellers. Home price signals are increasing too.

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Real estate’s strong 2023 housing market finish: Altos

Housing Wire

We have more homes going into contract each week now than we did a year ago — supply and demand are climbing together. Each week sellers are easing back into the market a little more than last year. The defining characteristic of 2023 was how few sellers we had. There are now 258,000 single family homes in contract.

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Is the housing market finally turning a corner?

Housing Wire

Last year at this time, sellers and homebuyers hit the brakes hard. Watch the weekly housing market recap video above to get the latest housing market data download from Altos Research. Meanwhile, there are 66,000 new, single-family listings this week, with 11,000 of those already under contract.

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Home price gains slow as mortgage rates rise: Altos

Housing Wire

Even as money is more expensive and there are more sellers than a year ago, we can also see slight home sales growth over 2023. New listings rise New listings continue to show us that more sellers are interested in this market this year. Each week we have more sellers and each week that inventory spread over last year keeps growing.

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