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
One reason that home prices have stayed elevated is that inventory nationally is still restricted. But if current trends continue, the inventory shortage will be effectively gone by next spring. In fact, while home prices are higher than a year ago, inventory has increased at the rate price appreciation has decreased.
Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I We are seeing a healthy increase in inventory, which we really needed.” Smith attributes the uptick in inventory to a bump in newlistings.
As we look into 2025, the question everyone is asking is: Do we have a new era starting? What can the data today tell us about signals for growth or weakness after the new year? We know inventory has been climbing all year. Inventory is growing Lets start with supply. Inventory shrank every year for most of the decade.
The spring housing market music is playing, and purchase application data and active listinginventory rose together last week. The fear of not having an increase in inventory this spring should be put to rest. After the last few weeks , we can put that fear aside: we are finally getting the seasonal increase in active listing.
Just when I thought it was safe to say we were getting more traditional spring housing inventory , we hit a snag last week, as active inventory and newlistings declined. Weekly housing inventory The numbers this week are unfortunate: inventory should be growing like it does at this time every year.
Last week we saw a noticeable slowdown in housing inventory growth that I hope has more to do with a holiday week than a trend. Here’s a quick rundown of the last week: Active inventory grew 3,180 weekly , and newlisting data fell week to week and is still trending at an all-time low in 2023.
Inventory grew by almost 14,000 homes this week. Available inventory of unsold homes continues to grow but that growth in seems a bit less intense than it could be. He expects the second half of the year to see even more inventory growth. Inventory increases by 2.2% Sellers can just wait it out, and it looks like the U.S.
Unsold inventory of homes on the market has been climbing in the U.S. In general, inventory rises with rates because more expensive money slows demand. When demand slows, inventory grows. Inventory is climbing but it’s still pretty restricted. And importantly, inventory isn’t growing everywhere equally.
Summer is here, and housing inventory is finally growing! The spring housing inventory was like a zombie rising from the grave, very slow, but the summer is showing some promise and let’s hope it continues. Here’s a quick rundown of the last week: Active inventory grew 8,886 weekly.
Price reductions typically peak in November before resetting for the holidays and the fresh inventory in the spring. In these markets, inventory is growing more rapidly and other costs, such as insurance and taxes, are up a lot. Inventory There are now 578,000 single-family homes unsold on the market. That’s up 1.7%
Newlistings data fell, however, active inventory grew. Here’s a quick rundown of the last week: Total active listings grew by 3,809 weekly, but newlistings are still trending at all-time lows. How slow has the active listing growth been? Purchase application data fell 4.8% million to 1.04
The weekly volume of newlistings is now higher than at anytime last year. The bearish take is that there are many more sellers than buyers and inventory is rising. The bearish take is that there are many more sellers than buyers and inventory is rising. Two years ago, inventory was jumping along with mortgage rates.
The rise of active listings in this spring housing market reminds me of a zombie slowly rising from its grave. Yes, we found the seasonal bottom for housing inventory on April 14, but this year’s rise in active listings has been tepid at best. This doesn’t appear to be the case for 2023. million.
That’s according to a Zillow report released Thursday in which the Seattle -based real estate company said that “lower mortgage rates and rising inventory are giving home buyers a window of opportunity at an unusual time of year.“ Beyond that, more inventory is becoming available — enough to improve buyer negotiating power.
As of this week, the death toll has surpassed 230 and thousands of homes, many without flood insurance , have been destroyed. Insurance and inventory An alarming statistic is that most homeowners in these areas are not insured by the private insurance market or by the National Flood Insurance Program (NFIP).
Active housing inventory grew while newlisting data fell. Here’s a quick rundown of the last week: Active inventory grew 8,041 weekly. Weekly housing inventory This year’s housing inventory theme has been a walking dead musical chorus of a zombie trying to escape a grave. 6% for a year.
Inventory increases aren’t occurring at a super fast pace, but the number of homes on the market across the country keeps expanding. The good news for the housing market is that the pace of sales is gradually improving due to the expanded supply. Housing inventory There are now just under 600,000 single-family homes on the market.
Tracking housing inventory this summer is like watching a zombie slowly walking on the beach. Last week inventory growth dropped and newlisting data declined again. Two weeks ago we had some good movement with active listings growing almost 9,000 , but last week that fell to just 4,988, and newlistings data also fell.
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. Beyond that, more inventory is becoming available enough to improve buyer negotiating power. Newlistings increased by 0.8% Newlistings are 21.3%
We already had very thin inventory and some of our deals are dead because houses have been ruined. Newlistings and pending home sales data from Altos Research captured the housing markets around Asheville coming to a screeching halt. Rising insurance costs are a prominent concern for homeowners and potential buyers.
Caruso said this is indicative of the markets in Indiana, where low inventory, high interest rates and inflationary pressure are still making it hard for clients to find — and afford — a home to buy. That’s led to a rise in newlistings in Indianapolis as more homeowners are putting their houses on the market.
Even with the long-anticipated break in for-sale inventory, the surging cost of homeownership, further fueled by rising insurance and tax expenses, is holding potential home sales back, as is evident in the slow rise in sales compared with last year. Examining appreciation at the metro level reflects regional patterns.
However, inventory of for-sale homes for sale continued to lag in prior years, and despite posting some seasonal increase, barely offered relief for frantic home buyers. Additionally, these borrowers will also have a longer average loan term to keep the monthly payment low.
For buyers, you may want to link to newlistings that fit their must-haves. Use snippets from your longer content (like blogs) for your newsletter and include links to direct your audience back to your website. You can do the same with your social media channels.
The goal of this type of letter is to promote a newlisting in the neighborhood, to position yourself as the expert by providing information about the listing, and to find more business. Many of us are in sellers’ markets with very low inventory. Inventory is extremely low, and the competition is fierce.
ResiClub analyzed September inventory data just released from Realtor.com. Lance Lambert Source: [link] When assessing home price momentum, ResiClub believes it’s important to monitor active listings and months of supply. Conversely, a rapid decline in active listings could suggest a market that is heating up.
november 2023 south florida housing report Broward County In November of 2023, Broward County single-family homes as well as c ondos/townhomes saw decreases in closed sales and pending sales, but increases in average price and newlistings. An increase in active inventory as well as newlistings is great news for buyers!
october 2023 south florida housing report Broward County In October of 2023, Broward County single-family homes saw a decrease in closed sales, but increases in newlistings, pending sales, and average price. Condos/townhomes saw increases in average price and newlistings but decreases in pending and closed sales.
Unlike Northern states, South Florida inventory is rising, with 2023 ending above 2021 and 2022 levels. This is in spite of a decrease in newlistings, and overall homes listed were at their lowest level since 2008 in South Florida.
In 2024, the South Florida single-family housing market saw rising prices, inventory remained tight, and sales declined slightly. Rising insurance premiums added to the cost of homeownership, potentially affecting affordability. Average prices for closed sales increased by 11% The number of homes listed increased by 12.5%
After seeing disappointing inventory growth two weeks ago , which I chalked up to the Memorial Day holiday, I was hoping for a big push in active listings last week, but that didn’t happen. Here’s a quick rundown of the last week: Active inventory grew 6,722 weekly. First, it took the longest time in U.S.
Active inventory in South Florida has made a giant leap and is back up to levels from the fall of 2020. Some owners have experienced difficulty with rising insurance premiums or condo regulations and assessments. It’s expected with tight inventory that prices will increase due to buyer competition with bidding wars.
The 2023 South Florida real estate market, like national trends, saw a decrease in sales, an increase in prices, and a decrease in the number of homes listed and placed under contract. Unlike what the Northeast experienced, South Florida inventory is up over 2022 and the second half of 2021. South Florida Sales Decline by 17.5%
Newlistings and pending sales are also down year over year as many sellers are hesitating to put their homes on the market, so less homes are being placed under contract and inevitably less homes are closing. The average price slightly increased for single-family homes and decreased for condos and townhomes.
Listings are the lowest they have been in recorded history, click here to read our recent report (or see below in our Listings section ). Saying that inventory is up over last year isn’t saying much as it was lower by roughly 10,500 units for all property types in the beginning of the year compared to the beginning of this year.
In fact, in volatile markets there can be advantages for buyers: Protection from increasing prices Protection from decreasing inventory Buyers can still look for another home Terminate at any time Sellers Should Consider Back Up Offers Sellers hold the advantage in seller's markets, why not maximize that?
December 2023 south florida housing report Broward County In December of 2023, Broward County single-family homes saw no changes in the number of homes sold, increases in average price, and newlistings, but a decrease in pending sales. Newlistings in all three counties for both single families and condos/townhomes increased as well.
A snapshot through May shows an unheard-of 40% jump in for-sale listings (3880 units) from a month ago for all home types combined, according to the Northwest Multiple Listing Service. Every month this year has seen inventory growth. Single-family inventory stands at 1.3 Eastside inventory for single-family homes is 1.1
The region’s real estate scene in 2023 will be remembered for rising home prices and scant newlistings. As the year dims, all eyes fixate on 2024’s potential: a hopeful dance fueled by dreams of lower rates and a wave of new homes for sale. Depleted inventory and weaker sales volumes make for difficult forecasting.
Insurers are increasingly exposed to the climate crisis and are currently under-charging premiums by about 58% to at-risk property owners, the report states. or 4% of the population – live in high-flood-risk areas, but FEMA maps used by the insurance industry are often out of date, including 11% of them last updated in the 1970s and ‘80s.
There is more inventory available and home sales are down. months of inventory, well below a balanced market of 6 months of inventory. Newlistings are down 6%, so there are less homes coming onto the market than there were this time last year. If you’re an Austin home buyer, there is a lot of good news.
Counties in and near Chicago and New York City were seen as the most vulnerable to today’s economic headwinds. Newlistings and housing supply are on the rise as buyer activity took a dive in September, based on the latest assessment of data from the Northwest Multiple Listing Service. months’ inventory.
People are looking at higher prices, there’s slim pickings in inventory and now we have higher mortgage rates.”. Inventory remains a big concern. months of single-family-home inventory in King County and on the Eastside, and 0.5 months (6 days) of single-family inventory. months (6 days) of single-family inventory.
>> The lack of inventory to keep real estate moving is confirmed with the latest data on U.S. An insurance company offered a good example of just how bad it has gotten. The excess of inventory that occurred in 2007, 2008 and ’09, was an anomaly,” said Marci Rossell, former chief economist for CNBC. existing home sales.
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