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New listings surge as the spring buying season approaches

Housing Wire

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.

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Sellers Listing Their Homes … But Buyers Aren’t Biting 

Appraisal Buzz

May 2024 Market Report Highlights Home values climbed month over month in all 50 of the nation’s largest metro areas in May. Home values are up from year-ago levels in 46 of the 50 largest metro areas. Home values are down from year-ago levels in three major metro areas. Inventory levels are 33.8%

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Where Are Home Prices Heading Over the Next 24 Months?

Appraisal Buzz

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 home value growth in the first half of 2024, our panelists anticipate a slowdown in price appreciation for the remainder of the year and beyond.

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San Anselmo Home Values (Housing Market Trends and Charts)

Realvals

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.

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San Francisco Home Values (Housing Market Trends and Charts)

Realvals

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.

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February pending home sales disappoint, but maybe we’re turning a corner?

Housing Wire

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.

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Novato Home Values (Housing Market Trends and Charts)

Realvals

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.