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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. 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. It’s not a ton of sellers.

Sellers 432
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Altos: More sellers and price reductions, but fewer homebuyers

Housing Wire

We still see more sellers than last year. 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. More sellers with price cuts than a year ago.

Sellers 463
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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 517
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Is housing inventory growth finally slowing?

Housing Wire

Slower growth of unsold homes on the market is a result of too few sellers on the supply side and stability on the demand side. New listings come at slow rate On the new listings side, we’ve covered the slow rate of sellers now for two full years. There’s no sign of any big surge in sellers.

Inventory 366
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It’s no longer a frenzy, but the Bergen County housing market is still hot

Housing Wire

“We are seeing multiple offers definitely in those medium price ranges. It has definitely downshifted, but in most cases, I am still seeing listing agents putting out deadlines for best and final offers.” There is definitely frustration among buyers,” she said. “It It gets discouraging.

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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. In other words, seller growth continues.

Inventory 490
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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. More home sellers are coming back to the market each week. These are new listings that are already under contract, so they’re not counted in the active inventory.

Inventory 464