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Inventory has been trending upward for the last two years despite persistently high mortgage rates, Mike Simonsen, president and founder of Altos Research , wrote on Monday. Such homes went under contract typically after 17 days on the market. The typical home in the U.S. That’s up 4.2% compared to February of 2023.
May 2024 Market Report Highlights Homevalues climbed month over month in all 50 of the nation’s largest metro areas in May. Homevalues are up from year-ago levels in 46 of the 50 largest metro areas. Homevalues are down from year-ago levels in three major metro areas. Inventory levels are 33.8%
The panel’s latest estimates of national home price growth are higher than last quarter’s expectations of 4.3% Terry Loebs , Founder of Pulsenomics, said: “Despite robust homevalue growth in the first half of 2024, our panelists anticipate a slowdown in price appreciation for the remainder of the year and beyond.
The good news for homeowners is that homevalues in most areas remain stable, and inventory levels for homebuyers are still low. MC: The demand for REO assets remains strong, with inflows and overall REO inventory levels remaining significantly less than post-Q1 2020 inventories.
Pending home sales rose for the third month in a row in February, but at 0.8%, the uptick over January was less than is typically seen in the run-up to the spring housing market. Month-over-month, contract signings increased in three U.S. Pending home sales decreased in all four regions compared to one year ago.
This reflects a view of moderating 10-year Treasury rates as the Fed Reserve eventually ends its tightening stance, as well as a contracting economy and compression of the Treasury-mortgage rate spread once interest rates stabilize. Inventories fell again on a year-over year basis in most markets.
Several leading housing-market economists also are projecting the deceleration in home prices will continue in near the future as homebuyer demand ebbs — with one economist even predicting that prices will decline in some particularly hot markets across the nation. So, home sales have really gotten completely hammered,” Zandi said.
” In essence, the program allows WRRE’s sell-side clients to compete with cash-buyers, iBuyers and investors for the little inventory that’s out there when they’re ready to buy. WRRE has offers under contract plus more in the pipeline. . “And then we have our agent commission.”
SmartZip uses predictive analytics to pinpoint likely sellers from 6 to 18 months in advance, offering a huge advantage in today’s low inventory market. Exclusivity: No Trial period: No Contract requirements: Annual contract required SmartZip is a lead generation, marketing and CRM solution founded in 2008.
THE RISE IN HOME PRICES IN THE YEARS LEADING TO 2008. On many of my appraisals at that time, my opinion of value would not support the contract price. Perhaps they were drinking the Kool-Aid that some are drinking today, that market value is whatever the purchase price is. While at the same time, home prices were surging.
Single families: $898,269 (2023) | $991,574 (2024) Condos & Townhomes: $519,419 (2023) | $521,826 (2024) Homes Listed For Sale in South Florida: T he number of homes listed is up by 5.4% 2024: 9,931 2023: 9,425 2022: 8,371 Pending Home Sales in South Florida: The number of homes placed under contract is down by 4.1%
Single families: $477,564 (2023) | $482,958 (2024) Condominiums: $490,973 (2023) | $497,329 (2024) Multi-families: $472,635 (2023) | $543,962 (2024) Homes Listed For Sale: T he number of homes listed is down by 7% when compared to November 2023. Instant Home Evaluation See immediately how this market is impacting your homevalue.
Single families: $608,389 (2023) | $628,629 (2024) Condominiums: $402,480 (2023) | $483,392 (2024) Multi-families: $528,155 (2023) | $612,108 (2024) Homes Listed For Sale: T he number of homes listed is up by 0.4% 2024: 1,086 2023: 1,082 2022: 1,173 Pending Home Sales: The number of homes placed under contract is up by 28.3%
The products I’ve put into this category primarily help in converting leads, prospects and opportunities into contracts. Specifically, I’m talking about listing agreements and sales contracts. The first is listing tools – the products designed for you to convert potential sellers into listing contracts. in 2019.
The orange bars along the bottom show the average number of days that homes in San Anselmo were on the market before going into contract. San Anselmo Months of Inventory. The final chart shows the level of inventory in the San Anselmo housing market at the time of the data snapshot.
Single families: $558,496 (2023) | $604,560 (2024) Condominiums: $532,461 (2023) | $460,780 (2024) Multi-families: $469,320 (2023) | $540,144 (2024) Homes Listed For Sale: T he number of homes listed is down by 9.3% 2024: 1,174 2023: 1,294 2022: 1,231 Pending Home Sales: The number of homes placed under contract is up by 6.4%
The orange bars at the bottom depict the average number of days that homes in San Francisco remain on the market, which is typically calculated based on the time elapsed between listing and going into contract. San Francisco Inventory. San Francisco Average Price Per Sale vs. Average Price For Sale.
Single families: $698,107 (2023) | $728,237 (2024) Condominiums: $608,752 (2023) | $652,668 (2024) Multi-families: $658,276 (2023) | $776,132 (2024) Homes Listed For Sale: T he number of homes listed is down by 13% when compared to November 2023. Instant Home Evaluation See immediately how this market is impacting your homevalue.
Single families: $553,944 (2023) | $597,105 (2024) Condominiums: $324,844 (2023) | $348,070 (2024) Homes Listed For Sale: T he number of homes listed is down by 8% when compared to November 2023. 2024: 2,536 2023: 2,756 2022: 2,616 Pending Home Sales: The number of homes placed under contract is up by 7.5%
Inventory Rises, But Costs Grow Prohibitive According to a recent study by Redfin , nearly two-thirds (64.7%) of homes on the market in June had been listed for at least 30 days without going under contract. This trend is contributing to a glut of unsold inventory. homevalue is $363,438 , up 3.8%
One slice of the single-family home market that has gained traction over the past year in a topsy-turvy housing landscape is the build-for-rent sector — or BFR. Still, even the single-family rental (SFR) market, including the BFR sector, faces an uncertain future in the year ahead, given the ongoing volatility in interest rates and inflation.
The orange bars in the chart represent the average number of days that homes in Novato are on the market, which is typically calculated by the time between when they are listed and when they go under contract. Novato Months of Inventory. Novato Average Price Per Sale vs. Average Price For Sale.
The orange bars along the bottom show the average days on market for homes in San Rafael. This is usually calculated by the number of days between the time it is listed and when it goes into contract. San Rafael Months of Inventory. San Rafael Average Price Per Sale vs. Average Price For Sale.
This metric is calculated by subtracting the contract (Pending date) from the listing date. The red line shows the average sold price of homes in Mill Valley. Monthly Inventory in Mill Valley. This chart shows the number of available homes (Inventory) at the time the data was recorded.
This is due to low interest rates, historically low inventory and more than usual buyers flocking to the market, thus, homes have been selling in record time. As a result, homevalues have been increasing. There are many instances nowadays where a house doesn't appraise for the price on the contract.
This year the real estate industry is experiencing a market frenzy with a colossal amount of buyers looking for homes. The inventory of homes available is historically low. According to an article on keepingcurrentmatters.com, "A normal market's inventory sits at 6 months. We're currently at 3.7
Listings have slightly improved in volume so far this year by 1.9%, which contributes to the rise in inventory in CT. As of June 2024, inventory is finally reaching levels higher than last year (yellow line in the graph to the right) after starting the year with the lowest levels since 2017. and multis are up by 17.4%.
Single families: $906,952 (2023) | $920,511 (2024) Condos & Townhomes: $495,700 (2023) | $474,629 (2024) Homes Listed For Sale in South Florida: T he number of homes listed is up by7.4% 2024: 10,427 2023: 9,710 2022: 10,368 Pending Home Sales in South Florida: The number of homes placed under contract is down by 14.8%
Single families: $552,142 (2023) | $616,575 (2024) Condominiums: $319,672 (2023) | $361,324 (2024) Homes Listed For Sale: T he number of homes listed is down by 1.4% 2024: 1,633 2023: 1,657 2022: 1,682 Pending Home Sales: The number of homes placed under contract is up by 9.0% when compared to December 2023.
Single families: $604,300 (2023) | $677,400 (2024) Condominiums: $515,242 (2023) | $508,017 (2024) Multi-families: $468,463 (2023) | $610,896 (2024) Homes Listed For Sale: T he number of homes listed is up by 21.0% 2024: 1,553 2023: 1,283 2022: 1,495 Pending Home Sales: The number of homes placed under contract is up by 11.2%
Single families: $707,730 (2023) | $738,731(2024) Condominiums: $626,077 (2023) | $643,949 (2024) Multi-families: $707,288 (2023) | $747,450 (2024) Homes Listed For Sale: T he number of homes listed is up by 17.0% 2024: 8,579 2023: 7,330 2022: 8,372 Pending Home Sales: The number of homes placed under contract is up by 12.2%
Single families: $565,508 (2023) | $601,939 (2024) Condominiums: $316,487 (2023) | $377,514 (2024) Homes Listed For Sale: T he number of homes listed is up by 8.2% when compared to September 2023. 2024: 3,922 2023: 3,624 2022: 4,027 Pending Home Sales: The number of homes placed under contract is up by 0.3%
Single families: $580,632 (2023) | $631,496(2024) Condominiums: $432,540 (2023) | $463,389 (2024) Multi-families: $456,772 (2023) | $679,121 (2024) Homes Listed For Sale: T he number of homes listed is up by 2.7% 2024: 2,081 2023: 2,027 2022: 2,220 Pending Home Sales: The number of homes placed under contract is down by 0.2%
Single families: $621,832 (2023) | $644,076 (2024) Condominiums: $335,642 (2023) | $376,189 (2024) Homes Listed For Sale: T he number of homes listed is down by 0.4% when compared to August 2023. 2024: 3,653 2023: 3,667 2022: 4,311 Pending Home Sales: The number of homes placed under contract is down by 10.6%
Single families: $675,591 (2023) | $745,701 (2024) Condominiums: $617,609 (2023) | $671,396 (2024) Multi-families: $611,709 (2023) | $797,688 (2024) Homes Listed For Sale: T he number of homes listed is up by 15% when compared to December 2023. As 2025 begins, the housing market still faces low inventory.
Single families: $541,3636 (2023) | $624,255 (2024) Condominiums: $454,535 (2023) | $512,872 (2024) Multi-families: $475,035 (2023) | $598,944 (2024) Homes Listed For Sale: T he number of homes listed is down by 0.6% 2024: 772 2023: 777 2022: 787 Pending Home Sales: The number of homes placed under contract is up by 0.9%
Single families: $736,271 (2023) | $776,757 (2024) Condominiums: $664,284 (2023) | $670,262 (2024) Multi-families: $673,387 (2023) | $705,827 (2024) Homes Listed For Sale: T he number of homes listed is down by 5.3% 2024: 5,989 2023: 6,325 2022: 7,078 Pending Home Sales: The number of homes placed under contract is down by 0.9%
Single families: $576,966 (2023) | $634,992 (2024) Condominiums: $435,766 (2023) | $488,180 (2024) Multi-families: $507,235 (2023) | $527,573 (2024) Homes Listed For Sale: T he number of homes listed is up by 4.5% 2024: 1,908 2023: 1,826 2022: 1,741 Pending Home Sales: The number of homes placed under contract is up by 7.9%
Single families: $481,694 (2023) | $498,107 (2024) Condominiums: $520,070 (2023) | $508,628 (2024) Multi-families: $507,495 (2023) | $437,002 (2024) Homes Listed For Sale: T he number of homes listed is up by 2.2% 2024: 2,551 2023: 2,495 2022: 2,428 Pending Home Sales: The number of homes placed under contract is down by 20.8%
Single families: $595,022 (2023) | $655,751 (2024) Condominiums: $441,585 (2023) | $428,098 (2024) Multi-families: $517,426 (2023) | $598,917 (2024) Homes Listed For Sale: T he number of homes listed is up by 1.8% 2024: 1,487 2023: 1,461 2022: 1,574 Pending Home Sales: The number of homes placed under contract is up by 1.1%
These factors, as well as others, have an impact on homevalues because it affects buyer and seller behavior. Anytime there is a shift in the market there is always the possibility that property values will change. Today I will be sharing my thoughts and give some reasons your home may not appraise in today’s market.
Single families: $702,200 (2024) | $782,522 (2025) Condominiums: $679,442 (2024) | $656,441 (2025) Multi-families: $636,086 (2024) | $734,213 (2025) Homes Listed For Sale: T he number of homes listed is up by 7.3% 2025:5,016 2024: 4,675 2023: 4,337 Pending Home Sales: The number of homes placed under contract is down by.09%
Single families: $479,480 (2023) | $536,584 (2024) Condominiums: $454,031 (2023) | $496,432 (2024) Multi-families: $451,726 (2023) | $552,219 (2024) Homes Listed For Sale: T he number of homes listed is up by 3.3% 2024: 2,190 2023: 2,120 2022: 2,124 Pending Home Sales: The number of homes placed under contract is down by 12.4%
Single families: $581,394 (2023) | $614,800 (2024) Condominiums: $453,973 (2023) | $477,614 (2024) Multi-families: $488,225 (2023) | $585,253 (2024) Homes Listed For Sale: T he number of homes listed is up by 7.0% 2024: 2,096 2023: 1,958 2022: 2,008 Pending Home Sales: The number of homes placed under contract is up by 13.0%
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