Remove 2005 Remove Contracts Remove New Listings Remove Sellers
article thumbnail

Housing inventory falls under 1M again as sales collapse

Housing Wire

The lack of sellers is also a demand problem and what we saw after June of 2022 is that sellers called it quits earlier and faster in the year than usual, resulting in total existing home sales totaling 5,030,000 to end 2022. During that period, we saw new listing data decline.

Inventory 536
article thumbnail

The homebuilders got lucky this time

Housing Wire

If the homebuilders and homebuyers knew rates would hit 7% in 2022, many would not have taken those contracts they’re canceling now. Homebuilders are efficient sellers of homes because it’s like a commodity to them; they don’t have to look for shelter after they sell or have a 3% mortgage rate they have to give up after they sell.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Massachusetts 2023 Year in Review

Lamacchia Realty

This report breaks down sales, average prices, the number of active listings, and how many listings went under contract for 2023 compared to 2022 and discusses what is predicted to unfold in 2024. Lowest number of homes listed in recorded history, decreased by 18.7% Average prices for closed sales increased by 3.4%

article thumbnail

2021 New Hampshire Average Prices Rise 15%

Lamacchia Realty

Homes Listed – All of NH. New listings in 2021 followed a less treacherous trendline in 2021 than 2020 but still couldn’t quite keep up with pre-pandemic markets. decrease in the state of New Hampshire brought listings to 27,131 from 28,127 the previous year. Homes Pending (contract accepted) – All of NH.

Buyers 45