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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: 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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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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Predictive analytics for real estate: Best tools + guide

Housing Wire

Predictive analytics in real estate combines the use of historical data and algorithms to anticipate future market trends and identify potential sellers sometimes even buyers, too. Real estate agents can use this data to identify motivated sellers and people who are likely to buy a home. What does this mean for you?

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Housing inventory is seeing unusual gains in November. Should we be worried? 

Housing Wire

It looks like this is evidence that housing markets are returning to normal rather than a case of sellers panicking, but it’s worth keeping an eye on. After all, more sellers means more sales in 2024. That’s more new sellers this year than the same week a year ago, signaling a tiny improvement in our supply-starved housing market.

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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.