Appraisal Buzz

JUNE 12, 2024

Home sellers are returning to the market, but buyers are hesitant, according to a recent Zillow market report. In May, new property listings exceeded sales, allowing buyer competition and price rise to slow—and more price relief is expected. Inventory, New Listings and Pending Sales Overview New listings increased by 7.9%

Sellers 397

Sellers Buyers New Listings Home Value 397

Housing Wire

OCTOBER 11, 2022

There’s a showdown at the housing market corral between homebuyers and sellers. Home prices ebb and flow, pricing was working in the sense that sellers met homebuyers to a degree. To have a balanced housing market, we need active listings to rise yearly, which they typically do; 2020 was an anomaly.

Sellers 514

Sellers Inventory Housing Market New Listings 514

Appraisal Buzz

JUNE 14, 2024

Sales are sluggish because high homebuying costs are making both house hunters and prospective sellers skittish. Even though homes are selling for higher prices than ever before, many sellers are still having to drop their list prices after putting their properties on the market—one positive sign for potential homebuyers.

Sellers 435

Sellers Buyers New Listings Mortgage 435

Housing Wire

FEBRUARY 12, 2024

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 382

Sellers Housing Market Buyers New Listings 382

Sacramento Appraisal Blog

JANUARY 30, 2024

That pretty much describes sellers. But in 2024 there’s a flicker of hope as sellers have thawed out just a bit. UPCOMING (PUBLIC) SPEAKING GIGS: 01/31/24 Joel Wright […] The post Are sellers finally starting to thaw out? Any thoughts?

Sellers 403

Sellers Appraisal Marketing New Listings 403

Housing Wire

FEBRUARY 26, 2024

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. We are in the normal range with price reductions, meaning sellers are generally fine, generally getting their prices. is $429,000.

Sellers 433

Sellers Inventory New Listings Contracts 433

Housing Wire

JULY 29, 2022

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 new listings for each market. Table 1, below, reports the 10 hottest U.S. Bellingham, WA 51.7% -8.3%

Housing Market 419

Housing Market Sellers Marketing New Listings 419

Housing Wire

DECEMBER 13, 2024

Our new listing data for that time period shows there were between 250,000 and 400,000 new listings per week as many sellers with underwater mortgages were forced into a distressed market. Underwater mortgages are a proper barrier for sellers more so even than mortgage rates.

Sellers 340

Sellers Mortgage New Listings Realtors 340

Housing Wire

APRIL 5, 2022

New listings have not kept up with the large number of families looking to buy, leading to homes selling quickly and often above list price,” Nothaft said. Upstate New York had the lowest appreciation rates in the country, with Ithaca posting a 5.2% increase and Elmira with 3%, according to the news release.

Sellers 482

Sellers Inventory New Listings Real Estate 482

Housing Wire

JUNE 24, 2024

Sellers can just wait it out, and it looks like the U.S. I think it’s worth examining if sellers will indeed just wait it out now. New listings unchanged You can see the continuation of that theme with the new listings volume each week. There were 72,000 new single-family listings unsold this week.

Inventory 363

Inventory Sellers New Listings Property Taxes 363

Appraisal Buzz

SEPTEMBER 5, 2024

Simultaneously, home sellers reduced the number of newly listed properties on the market, with a -0.9% In April we noted that rising for-sale inventory was likely to lead to more balance between buyers and sellers. Similar to buyers, sellers reduced their offering in August as newly listed properties dropped 0.9%

Sellers 397

Sellers Housing Market Buyers Marketing 397

Housing Wire

JANUARY 8, 2024

Sellers are coming back There are 499,000 single-family homes unsold on the market now. There are slightly more sellers each week. Last year, was marked by how few sellers there were. We can expect to have more sellers all year. Sales were held back for lack of sellers. Home price signals are increasing too.

Real Estate 505

Real Estate Marketing Inventory New Listings 505

Housing Wire

NOVEMBER 18, 2024

We already see many signals for what to expect, including last week’s data on inventory , new listings and price reductions, which I analyze below. New listings 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. price cut.

Housing Market 441

Housing Market New Listings Marketing Inventory 441

Sacramento Appraisal Blog

FEBRUARY 7, 2023

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.

Sellers 350

Sellers Housing Market Marketing Real Estate 350

Appraisal Buzz

JUNE 3, 2024

According to a new report from Redfin, nationwide, 6.4% of home sellers cut their asking prices during May, the highest share since November 2022. The post Home Sellers Forced to Get Flexible With Asking Prices first appeared on The MortgagePoint. Pending sales numbers are down 3.4% Even though 7.8%

Sellers 305

Sellers Renovations Buyers New Listings 305

Housing Wire

MARCH 11, 2024

The suspicion was that there were a bunch of sellers who were waiting to sell: Once rates fell these sellers would come rushing back to this real estate market and we’d finally see inventory grow. Second, because people think of home sellers as being locked-in by high interest rates. That’s 15% growth over the pace of 2023.

Inventory 512

Inventory Sellers New Listings Real Estate 512

Housing Wire

SEPTEMBER 13, 2022

Typically we have a natural set of new listings each year; inventory rises in the spring and summer and then falls in the fall and winter. It wasn’t the rate move that caught my attention — it was the new listing data. As you can see below, that sharp move to 6.25% caused new listing data to stall at first.

Mortgage 521

Mortgage Inventory New Listings Sellers 521

Housing Wire

APRIL 1, 2024

At the same time, seller volume dried up. But now sellers are coming back into the market. New listing volume last week was 18% more than a year ago. New listings New listings dipped a little from the previous week but there were still 22% more sellers hitting the market last week than the same week last year.

Inventory 487

Inventory New Listings Contracts Sellers 487

Housing Wire

JUNE 21, 2023

Unlike a typical spring homebuying season in which sellers are also looking to buy a home, people trying to relocate into a bigger or smaller home in the Mid-Atlantic region made up a relatively small share of the housing market. of sales were rental or investment properties or second homes , according to a survey of 1,063 listing agents.

Sellers 300

Sellers Investing Inventory Buyers 300

Housing Wire

MAY 28, 2024

New listings climbed during the past week and there are now 72,000 more single-family homes on the market. It appeared that new listings might be on the decline already, but the pace picked up a tad this week, which is encouraging. No one wants a scenario in which there’s a flood of sellers but no buyers.

Inventory 513

Inventory New Listings Contracts Sellers 513

Housing Wire

JUNE 18, 2024

A slight uptick in new listings has taken some of the pressure off sales prices as buyers have more options to choose from. Redfin data shows that new listings new listings were up 0.3% Despite these increases, new listings are still roughly 20% below pre-pandemic levels. year over year in May.

New Listings 401

New Listings Sellers Buyers Mortgage 401

Housing Wire

MAY 20, 2024

The second dynamic to watch here is how many sellers are cutting their prices each week. But we can see that there is an upper limit to affordability for homebuyers and sellers should absolutely be aware of this before they list their homes. New listings New listings appear to have peaked for the year three weeks ago.

Inventory 425

Inventory New Listings Sellers Contracts 425

Housing Wire

OCTOBER 31, 2023

At least, that’s what the data seems to suggest as inventory grows and new listings decline at a less aggressive rate than last year. New listings decline isn’t as steep as a year ago There were only 53,000 new listings (single-family homes) unsold this week, plus 10,000 more new listings that are already in contract.

New Listings 481

New Listings Inventory Contracts Housing Market 481

Housing Wire

JULY 8, 2024

Massachusetts and New York, for example, are still just coming off the record tight markets of the pandemic, but that trend is changing — finally. New listings show 12% more sellers than a year ago When we look at the new supply hitting the market each week, we see the same trend we’ve had for a few months.

Inventory 466

Inventory Contracts Sellers New Listings 466

Housing Wire

MARCH 25, 2024

I like to point out that consumers are more sensitive to changes in mortgage rates than to the absolute levels, and since rates are now basically unchanged for the month, just easing down from the early March peak of 7.2%, sellers and buyers are tip-toeing back into the market. More sellers means more sales will happen.

New Listings 495

New Listings Inventory Contracts Sellers 495

Housing Wire

DECEMBER 3, 2020

Total home sales are outpacing new listings 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 divide between supply and demand is striking: compared to last year, total new listings increased.22%,

Inventory 546

Inventory Housing Market Marketing New Listings 546

Housing Wire

AUGUST 10, 2022

One of the most important housing market stories in recent weeks has been the decline in new listings , which has slowed the growth rate of total inventory. Redfin : Realtor.com : Altos Research : Clearly, we are seeing a slowdown in new listings as the data has been negative now for months. What does this mean?

Inventory 526

Inventory New Listings Housing Market Sellers 526

Housing Wire

DECEMBER 27, 2024

New listings were unchanged at 54,077. Redfin considers four to five months of supply as balanced, with a lower number suggesting ideal sellers market conditions. Pending home sales sat at 58,267 for the four weeks, marking a year-over-year change of -3.4% the first drop in three months, per Redfin’s data.

New Listings 361

New Listings Sellers Marketing Housing Market 361

Housing Wire

JULY 15, 2024

If we look at the housing market right now, sales are down, new listings are down and prices are decelerating. Home prices and new listings dipped too. On the pricing side, last week had the first negative print on year-over-year price for new listings. Is it darkest before the dawn?

Housing Market 485

Housing Market New Listings Marketing Mortgage 485

Housing Wire

DECEMBER 9, 2024

Supply growth could also come from more sellers, such as investors or distressed borrowers unloading. However, in most of the country, we have no growth from the seller side. In Florida and Texas, we see the rising costs of insurance , taxes and climate risk driving some sellers. more sellers than the same week a year ago.

Housing Market 413

Housing Market Marketing Inventory Sellers 413

Housing Wire

JUNE 3, 2024

New listings dry up On the other hand, inventory can’t build too much if sellers don’t sell. There are some signals of seller volume drying up. There were only 63,000 new listings this week. Seller volume in 2024 had been slowly growing, and I viewed that as an optimistic trend. What if they do?

Inventory 485

Inventory Contracts New Listings Sellers 485

Housing Wire

OCTOBER 28, 2024

Florida had an uptick in inventory with a bit of a rebound in new listings now that the storms are over. New listings 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 new listings unsold this week for single-family homes.

Inventory 411

Inventory New Listings Sellers Contracts 411

Housing Wire

FEBRUARY 5, 2024

There are more buyers than sellers. We have slightly more sellers now than we did a year ago and inventory is now 8.8% More sellers this week than last week Each week, just a few more home sellers are testing this market. There were 7% more new sellers this week than the same week a year ago.

Mortgage 435

Mortgage Inventory Sellers New Listings 435

Housing Wire

APRIL 22, 2024

We’re rapidly approaching the peak of the market in terms of seller listings, and as inventory builds, the sales rate will peak by the end of June. New listings Growing inventory is not just about slowing demand. We are also consistently measuring more sellers coming back into the market. Now we’re at 69,000.

Inventory 476

Inventory New Listings Sellers Contracts 476

Housing Wire

MAY 14, 2024

During the week ending May 10, 89,000 new listings hit the market, according to Altos Research, which was 3% less than the week prior. There is still a sense of optimism that more sellers will help this market grow,” Simonsen said. Simonsen expects there to be 700,000 unsold homes on the market by the end of September.

Mortgage 510

Mortgage New Listings Inventory Sellers 510

Housing Wire

FEBRUARY 20, 2024

Even as money is more expensive and there are more sellers than a year ago, we can also see slight home sales growth over 2023. New listings rise New listings continue to show us that more sellers are interested in this market this year. Is new supply growing out of balance with demand?

Mortgage 495

Mortgage Inventory Sellers New Listings 495

Housing Wire

JULY 13, 2024

The seasonal decline period is starting soon, so we should get accustomed to seeing a decline in new listing data as the year heads toward its end. The seasonal decline period is starting soon, so we should get accustomed to seeing a decline in new listing data as the year heads toward its end.

Mortgage 497

Mortgage New Listings Inventory Contracts 497