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
Newlistings data has been moving lower over the last few weeks. But, we need to see more growth in newlistings data just to grow from 2023 levels. 2023 newlistings data was the lowest ever on record, so it’s already a low bar.
Newlisting data appears unafraid of the mortgage rate ghost story over the last few months. Unlike last year, when newlistings data had a noticeable move lower once mortgage rates reached 6%, 8% mortgage rates haven’t had any noticeable impact on the latest newlistings data.
I wholeheartedly believed that newlistings would hit at least 80,000 during the season’s peak weeks this was the norm before the pandemic shook things up. To give you some perspective, during the years of the housing bubble crash, newlistings were soaring between 250,000 and 400,000 per week for many years.
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.
Newlistings ticked up by 21% in February compared to last year, according to Zillow ’s February report. Newlistings rose 20% from January, and each of the 50 largest U.S. metros experienced an increase in newlistings. Texas and Florida saw the biggest jump in newlistings, year over year.
. “While sales and prices remained fairly similar compared to a year ago, we saw significantly more newlistings this January,” Brad O’Connor, chief economist for Florida Realtors, said in a statement. “Newlistings of single-family homes were up 16.7%
We already see many signals for what to expect, including last week’s data on inventory , newlistings and price reductions, which I analyze below. Newlistings One way reason it will be hard for inventory to grow more than 17% next year is that there are still not enough sellers to get there.
The three years in the post-pandemic housing market have been marked by very few sellers 60,000 newlistings in a given week vs. 80,000 in years’ past. Newlistings are low As we look deeper into the supply side of the market, there were 32,500 newlistings unsold this week.
The rules of supply and demand economics always end up winning and weekly newlisting data is key. Newlisting data is growing year over year, but it will be the second-lowest newlisting data ever recorded in history. This is much different than what we saw in 2023.
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.
Newlistings grew 7% from the week prior Last week saw 68,000 newly listed single-family homes. As such, the pace of newlistings seems to be picking up for the spring and the post-pandemic era. Additionally, there were 14% more newlistings unsold compared to this time last year. Let’s dive in.
The most eye-popping data is for newlistings. The week of the hurricane, newlistings fell by about 80% in five major cities in the metro area Tampa, Clearwater, Largo, Brandon and Riverview. Clearwater lost 81% of its listings, the highest rate among the five cities. Pending home sales tell a similar story.
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.
Newlistings move upward, but remain historically low Altos uses new real estate listings data as a key indicator of seller activity in the D.C NewListings are the homes that were listed for sale in a given week and added to the active inventory. housing market. As unemployment in D.C housing market.
The last two years were the two lowest newlistings data years in history. Weekly inventory change (Jan. 31-Feb 7): Inventory fell from 634,979 to 632,367 The same week last year (Feb. Last year, I had forecasted we would get at least 80,000 per week during the seasonal peak months, but It didnt happen.
Remember that 2023 had the lowest newlistings data ever and 2024 will have the second lowest. Here are newlistings for last week over the past several years: 2024: 62,876 2023: 57,229 2022: 59,458 Price-cut percentage In an average year, one-third of all homes take a price cut — this is standard housing activity.
NewlistingsNewlistings also dipped for the second week in a row. Theres probably some weather effects in there, and I expect to see a jump in the newlistings volume in next weeks data. There were just over 53,000 newlistings unsold, plus another 10,000 newlistings immediate sales.
A new report from Redfin revealed that active listings climbed 12% year over year (954,703 listings) during the four weeks ending December 22, though that was the smallest increase since March. Newlistings were unchanged at 54,077. Months of supply sat at a healthy four months, up 0.6 points year over year.
Florida had an uptick in inventory with a bit of a rebound in newlistings now that the storms are over. Newlistings go up This year continues to have slightly more sellers than last year but fewer than we used to get in past years. There were 60,000 newlistings unsold this week for single-family homes.
The last two years were the two lowest years for newlistings data in history, and they were also not healthy years for the latest listings data. Last year, I had high hopes that we would see at least 80,000 newlistings per week during the peak seasonal months, but unfortunately, that didnt come to fruition.
Newlistings lower than last week Inventory is building because of demand weakness, not because of supply growth. In fact, it seems like the high mortgage rates are holding back newlistings, too. There were only 46,000 newlistings for single-family homes this week with another 7,000 immediate sales.
There were 45,000 newlistings for single-family homes across the country this week, which is a big jump. Newlistings jump The supply story in real estate must take into account the new sellers each week. I do not expect a flood of new sellers, but we do see growth. Home prices could fall.
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. NEWLISTINGS There was a nice jump in the newlistings volume this week. I have the weekly newlistings volume in this chart.
21): Inventory fell from 538,767 to 528,601 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 1,013,245 NewListingsNewlistings data is showing a typical decline for this time of year.
Newlistings To get a lot of homes on the market though we need some sellers. There were only 54,000 newlistings of single-family homes unsold this week. There were another 10,000 newlistings immediate sales which makes 64,000 homesellers. Unsold newlistings amount to 4.8% Thats not a ton.
Newlistings remain low as owners lock in Altos’s data for newlistings accounts for single-family homes that come to market without an immediate or pending contract. Newlistings for single-family homes or condos are key indicators of seller behavior and newlistings ramped up during the week of Feb.
As newlistings increase and mortgage rates declineat least somewhatfrom their peak in early January, the market should pick up steam in the upcoming weeks. Active listings 889,202 11.3% (smallest increase in nearly a year) Months of supply 5.2 +0.3 Median asking price $407,225 5.2% Median asking price $407,225 5.2%
Newlistings are hitting the market Last year was an environment with 5% to 10% more sellers each week than a year prior. This week, the newlistings stat has grown with slightly more sellers. But weekly newlistings volume is low compared to January 2024, which is a sign of market stagnation.
Newlistings rise There were just under 61,000 newlistings unsold this week. So, the newlistings volume last year was low and dropping. While it’s late in the year, you could say that the weekly newlistings are in the “old normal” range now.
While sales tanked and prices shifted, newlistings slowed. In the Palisades, there were 23 newlistings in February 2025, down 12% year over year. Altadena, meanwhile, posted a 6% decline in newlistings. Newlistings rose by 13.6% Redfin said that LA-area home sales rose by 6.2%
The last two years were the two lowest newlistings data years in history, and they were also not healthy years for the newlistings data. Last year, I forecasted we would get at least 80,000 newlistings per week during the seasonal peak months, but it didnt happen. Weekly inventory change (Feb.
A substantial drop in newlistings is a contributing factor. 1, weekly newlistings were at 410 but have since dropped to 186, although newlistings tend to drop in December as the holidays approach.
In the Asheville metropolitan area — located in the Western North Carolina region that was hammered the most by Hurricane Helene — new home listings sat at 120 on Sept. However, newlistings snapped back sharply to 82 just a week later. 20, then bottomed out at 14 on Oct.
Newlistings drop There were just under 49,000 newlistings unsold for single-family homes this week. When we include the newlistings already in contract to be sold, it totals almost 4% more sellers than a year ago. The current forecast model is showing 17% gains by the end of the year.
Following Hurricane Milton in October, the Tampa metro area saw newlistings and new sales drop off a cliff. This resulted in new sales and newlistings rising by 500% or more, suggesting that the market merely went on pause. But the market sprang back to life when the immediate threat passed.
Newlistings are down 2.5% In order to ascertain whether more home tours ultimately result in more home sales and whether more sellers begin selling their properties as we settle into 2025, Redfin will closely monitor pending transactions and newlistings over the coming weeks. The post New Year New Home?
Active listings of homes for sale rose to the highest level since early in the pandemic. Newlistings hit the highest level since July 2022, increasing 1.9% Newlistings: Newlistings rose most in Seattle (30.8%); Oakland, California (27.7%); and Sacramento, California (25%). They climbed 0.3%
. “Although it is still too early to tell the extent to which layoffs will impact the regions housing market, Bright MLS weekly market tracker shows signs of a bump in newlisting activity in the Washington D.C. area at the end of February,” Sturtevant noted.
I also have two new graphs that I’m excited to share. OVER FOUR THOUSAND BLESSINGS TO COUNT This year we’ve seen 3,346 more newlistings […] The post Making Thanksgiving dinner awkward with housing conversations first appeared on Sacramento Appraisal Blog.
Newlistings on trend Nationally, there were just 31,000 newlistings for single-family homes from the last week which included Thanksgiving weekend. Hard to say, but like the slight growth in newlistings, seeing a slight growth in home sales is an optimistic view of the housing market.
Further, growing activity in newly listed homes and a slower market pace could spell opportunity for winter buyers who want to get ahead of the busier spring season. 2019 Median listing price -1.8% (to $402,502) +34.2% Active listings +22.0% -15.7% Newlistings +0.9% -11.0% 2023 Change over Dec. pp South 26.7%
New Redfin data reported the largest gain since the end of last year occurred in the four weeks ending February 2, when newlistings of homes for sale in the U.S.increased 7.9% A larger pool of options is becoming available to homebuyers as a result of the increase in newlistings and the decline in sales.
Newlistings: Newlistings rose most in Oakland, California (24.8%); San Jose, California (22.9%); and Sacramento, California (17%). Closed home sales: Home sales rose most in Portland, Oregon (7.4%); Los Angeles, California (6.2%); and Anaheim, California (3.6%).
Newlistings are up from last week On the supply side, there were 51,000 unsold newlistings this week. I dont expect us to see 100,000 newlistings in a given week this year, like we did in the previous decade, but we may hit 80,000. That says that these pricing trends are poised to continue.
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