This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
All the housingmarket data for 2024 is in, and its fair to say that the housingmarket surprised us again! However, there are two big trends that stand out as we launch into 2025 affordability and sellers in the market. There are some signals that seller volume is starting to creep back to normal levels.
housingmarket is anything but stable right now and residents are feeling it. housingmarket using weekly data from Altos, which includes more than 60 different data points on every metro area in the country, to see how employment is changing the housingmarket. ’s job market. housingmarket.
What will the housingmarket look like in 2025? We already see many signals for what to expect, including last week’s data on inventory , newlistings and price reductions, which I analyze below. For a more comprehensive look, read our 2025 HousingMarket Forecast covering home prices, home sales volumes and more.
Its hard to imagine something more disruptive to a housingmarket than a hurricane. 9, housingmarkets in the Tampa area came to a complete halt as sellers took their homes off the market. 9, housingmarkets in the Tampa area came to a complete halt as sellers took their homes off the market.
There were 45,000 newlistings for single-family homes across the country this week, which is a big jump. That’s 12% more sellers than a year ago. It seems more sellers are coming out every week and that will keep inventory pushing upward. Sellers are up, but sales are down. Home prices could fall.
Weve now been in the post-pandemic housingmarket recession market as long as we were in the pandemic boom. As we look into 2025, the question everyone is asking is: Do we have a new era starting? Does the housingmarket start to get back to normal? more sellers than the same week a year ago.
The share of homes on the market with price reductions ticked up this week, which is unusual this early in the season. Potential home sellers notice weak demand, fewer offers and price reductions, prompting them to back away from the market. As such, housing inventory isn’t shrinking. Take a look at the chart above.
The housingmarket got some much needed relief in the fall when mortgage rates began to drop, but it was short lived. The turbulence in rates has trickled down to individual markets like Cincinnati, where real estate agents say they dont know what to expect from sale to sale. It’s just become a more common theme.
housingmarket has shown signs of slowing, demand remains strong in key Midwest and Northeast cities, where homes are selling weeks faster than the national average, according to Realtor.com s Hottest Markets Report for February. There’s just so many people here that are still looking for houses, Bradford said.
Lets look at last weeks data and see if we can tease out the signals for impact on the 2025 housingmarket. Housing inventory It is December, of course, so inventory is falling for the season. There will be fewer homes on the market each week until February or so. Can there be too many homes for sale?
While the current focus is rightfully on containing the blazes and protecting residents, its worth taking stock of where housingmarkets stand in the affected parts of the Los Angeles metro area. Data from Altos Research shows an area with expensive housing, rising inventory and conditions that lean favorable to sellers.
Home listings fell in neighborhoods hit by the wildfires, too. Listings slowed a bit in Februarybut not nearly as much as sales. There were 23 newlistings in the Palisades, down 12% year-over-year, and 46 newlistings in Altadena, down 6%. What Regional Markets Are Gaining Momentum?
As inventory builds and, as there are fewer offers from homebuyers , more sellers feel the need to reduce the asking price of the homes for sale. We regard this metric, the percentage of homes on the market with price reductions from the original list price, as a leading indicator for future sales prices. There are 27.7%
Fluctuating interest rates have been a feature of the housingmarket over the last three years. Our 2025 housingmarket predictions are based on the assumption that lower mortgage rates will spur demand and boost the number of homes sales transactions. Were only two months into the new government policies.
The spring housingmarket is still trying to spring. Newlistings volume is trying to grow with its biggest week since September. List prices inched up for the week, though sales prices did not advance. There are plenty of weak signals in the housingmarket, of course. This was a jump of 2.5%
All the dominant trends in the housingmarket this year seem like they would indicate home prices declining. With just a few local market exceptions, home prices nationally will finish the year up again and will go into 2025 with some upward momentum. There were 60,000 newlistings unsold this week for single-family homes.
housingmarket. more homes on the market now than a year ago. As we approach that threshold of old levels of unsold homes on the market, it raises those questions about home prices. Newlistings To get a lot of homes on the market though we need some sellers. Unsold newlistings amount to 4.8%
Both the weekly new contracts and all the homes in the contract pending stage are below last year. This housingmarket is on hold until mortgage rates come down. When the market is hot like during the Pandemic there were more buyers than sellers in Q1 so inventory kept declining until March or April.
Newlistings 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 housingmarket. There were 66,000 newlistings this week, of which 14,000 are already in contract. But it is growing.
The hardest position to take in analyzing the housingmarket is one that is contrarian and bullish. When everyone knows that the housingmarket is sluggish and weak, but the data shows surprising strength. Newlistings rise There were just under 61,000 newlistings unsold this week.
24): Inventory fell from 569,898 to 565,875 The all-time inventory bottom was in 2022 at 240,497 The inventory peak for 2024 so far is 739,434 For some context, active listings for this week in 2015 were 1,104,310 Newlistings data While active inventory didn’t rise, we did get a nice boost in newlistings this last week.
The housingmarket in Washington D.C. Sweeping cuts by Elon Musks DOGE agency have sent many government employees packing, while other staff need to find housing in the area to comply with return-to-work mandates. housingmarket. In total, 502 single-family homes hit the market, followed by 457 condos.
There are three big trends in the spring 2025 housingmarket: Supply continues to build. This is measurable in both the total unsold inventory and the number of newlistings each week. There are more sellers each week, and there are more sales, but the supply side is growing faster than demand. Thats up 1.1%
A few months ago, the United States housingmarket failed Econ 101. metropolitan areas in February 2022, based on year-over-year growth in median listing price according to the residential real estate listing website, Realtor.com. The table also reports the year-over-year percent change in newlistings for each market.
Redfin data released Monday shows that February home sales in Altadena and Pacific Palisades were down significantly from the same month a year ago, placing another layer of devastation on the housingmarkets in these communities. While sales tanked and prices shifted, newlistings slowed. Newlistings rose by 13.6%
One of my critical forecasts for 2024 was the growth of newlistings data and active inventory, even with higher mortgage rates. However, the newlistings data has slightly disappointed me. Newlistings data I am pleased that we’ve seen newlistings data grow year over year — it’s a big step forward.
While inventory of unsold homes in the housingmarket in each of the last two years headed higher during September and October due to mortgage rate spikes, we’re seeing a more normal seasonal pattern now with inventory beginning to decline. We’re also seeing more home sellers withdrawing their listings to try again next year.
Even prior to the pandemic , housing inventory had hit record lows, and the problem has only gotten worse as demand continues to rise. Total home sales are outpacing newlistings by a wide margin every month, and real estate tech company Homesnap foresees the shortage continuing in 2021 unless more sellers enter the market.
The index includes sales of properties that went under contract in October, so it doesn’t quite capture what’s currently happening in the housingmarket. “While home prices are still rising, the index lags current housingmarket conditions,” Lisa Sturtevant , chief economist for Bright MLS , said in a statement.
Now that Thanksgiving is behind us and December is well under way, we can start looking ahead to the 2024 housingmarket. Newlistings and home sales remain low this week while available inventory of unsold homes is finally falling across the country after rising with mortgage rates late into November.
The New Years week was expected to be slow, so it’s no surprise that newlistings and sales are down. The Christmas and New Year’s holidays fell on Wednesdays this year, which messes up two full weeks in terms of getting home sales done and tracking the numbers. Those will start rebounding in next weeks data.
Our Immediate sales measure of homes that get listed, take offers and go into contract in a few days is also notably lower than last year. On the supply side, newlistings are slightly more than a year ago, but pulling back. If fact the “coming soon” pre-listings are now running behind last year by 5%. That’s up 1.3%
housingmarket and that they need to be pro-housing again. Even with all the drama we have dealt with in 2022-2023, the housingmarket stayed intact and never broke. However, one thing is sure: from 2020 to 2023 we never saw credit-stressed home sellers. Weekly inventory change : (Dec.15-22)
The housingmarket in the state of Florida saw higher median home prices, more real estate listings and a higher number of active listings during the month of January, according to data released Thursday by Florida Realtors , a state-based trade organization for real estate professionals.
Newlistings were unchanged at 54,077. Redfin considers four to five months of supply as balanced, with a lower number suggesting ideal sellersmarket conditions. Days on the market increased by six days year-over-year to 45 days, indicating a less competitive market. points year over year.
When the market isnt competitive, some buyers think they should wait for costs to go down, said Jordan Hammond, a Redfin Premier agent in Raleigh, NC. Now its pretty clear that sellers arent slashing asking prices and mortgage rates arent plummeting, so mindsets are shifting. Median asking price $407,225 5.2%
The weekly volume of newlistings is now higher than at anytime last year. It’s still April, so there could be as many as eight more weeks of seller growth in the spring housingmarket. And seller growth is happening pretty much everywhere across the country, with Florida and Texas leading the way.
There’s a showdown at the housingmarket corral between homebuyers and sellers. When I came up with the “ savagely unhealthy housingmarket ” label in February of this year, it was based on the premise that the housing inflation story that we have had to deal with since 2020 was a historical event.
The seasonal housing inventory bottom evaded us again last week as active listings fell and newlisting inventory decreased. Here’s a quick rundown of the last week: Active inventory fell 5,383 last week, and newlisting data is still trending at all-time lows in 2023.
If we look at the housingmarket right now, sales are down, newlistings are down and prices are decelerating. Good inflation data came in last week, the bond market rallied and mortgage rates took a notable dip below 7% for the first time in months. If so, how should we expect the housingmarket to react?
What I mean by a credit bust is that after the housing bubble burst in 2005 into 2006, we saw a massive increase in supply. These were forced credit sellers, which means these sellers don’t sell to buy a home like a traditional seller does. Total inventory levels. NAR: Total Inventory levels 1.22
People have to balance the cost of money with things like job security when theyre buying houses. The thing to keep in mind for the housingmarket as we roll into March is that mortgage rates have been easing down. Single-family homes dominate the market, but its worth checking in on the condo market occasionally.
There is so much talk about buyers sitting on the sidelines right now, but let’s talk about sellers who are also sitting. This is a local trend, but it’s something showing up in many markets across the country also.
The Realtor.com August Housing Trends Report shows that the number of homes actively for sale increased by 35.8% Simultaneously, home sellers reduced the number of newly listed properties on the market, with a -0.9% As the market slows seasonally, fall is one of the best times to buy a house.
We organize all of the trending information in your field so you don't have to. Join 9,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content