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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. New listings ticked up by 21% in February compared to last year, according to Zillow ’s February report. metros experienced an increase in new listings.

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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. The smallest monthly appreciation was in Austin (0.2%), Tampa (0.3%), San Antonio (0.3%), Orlando (0.3%), and New Orleans (0.4%). Home values are down from year-ago levels in three major metro areas.

Sellers 397
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Buyer Competition Expected to Ramp Up This Fall 

Appraisal Buzz

According to Zillow’s most recent market report , reduced mortgage rates and more inventory are providing house buyers with a window of opportunity at an uncommon time of year. For one, it’s easier to qualify for more of the homes on the market now that mortgage rates are a bit lower. New listings increased by 0.8%

Buyers 396
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When Is the Best Time to Purchase a Home?

Appraisal Buzz

Realtor.com’s Sixth Annual “ Best Time to Buy Report ” examined listing prices, inventory levels, new “fresh” listings, time on market, homebuyer demand, and price reductions, revealing that the “Best Time to Buy” in 2024 will be the week of September 29-October 5. home value is presently $362,481, up 3.3%

Inventory 397
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Homebuyers No Longer Spooked by Market Conditions

Appraisal Buzz

September 2024: National Housing Metrics Median listing price : (Change over September 2023: -1.0% 2019: +36.0 %) Active listings : (+34.0 %) (-23.2 %) New listings : (+11.6 %) (-11.8 %) Median days on market : (+7 days to 55 days) ( -7 days) Share of active listings with price reductions : (+0.5

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Tiburon Home Values (Housing Market Trends and Charts)

Realvals

The red line represents the number of listings that are pending, and the numbers at the bottom of the bars show the number of new listings for the month. Tiburon Average Price Per Square Foot of Sold Homes. These averages are calculated by dividing the total for the month by the number of sales or listings.

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Coastal California metros were the priciest  in March: Zillow

Housing Wire

Home prices are surging in major U.S. metros, with coastal California cities and Seattle leading the charge in monthly home value growth, according to Zillow’s newest market report. These metros also continue to grapple with below-average inventory recovery, maintaining pressure on buyers.