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Existing-home sales have nowhere to go but up in 2024? 

Housing Wire

Elevated mortgage rates and high home prices pushed sales of existing homes down again in October to the lowest monthly pace since August 2010. Homes typically go under contract a month or two before the closing, which means the October data largely reflects purchase decisions made in August and September.

Inventory 394
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How much will home prices climb over the next year?

Housing Wire

The median price of the new listings this week is $399,900. As the summer progresses, each subsequent week of new listings gets priced at a slight discount to the previous weeks. The median price of the homes in contract is $385,000. There are now 376,000 single-family homes in contract.

Inventory 359
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Connecticut 2023 Year in Review

Lamacchia Realty

This report analyzes sales, average prices, the number of active listings, and listings under contract for 2023 compared to 2022. Lowest number of homes listed in recorded history, decreasing by 19.7% The number of homes placed under contract (pending, just singles and condos) decreased by 18.9%

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Mostly Positive Start to 2024 Housing Activity in Seattle/King County

Will Springer Realtor

Annual sales across King County totaled 21,515 homes – down an incredible 24% from the year before and the fewest since 2010 (20,761). We know buyers are eager to purchase properties, as 39% more homes went under contract in January (1719 units) compared with the previous – admittedly quiet – month. fewer (1842) than on Jan.

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South Florida 2023 Year in Review

Lamacchia Realty

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. The number of homes listed decreased by 10% The number of homes placed under contract decreased by 14.1%

HOA 49
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Seattle Area Housing Market Remains Not for the Faint of Heart

Will Springer Realtor

The Eastside led the way with a 33% drop-off in new listings (420) and Seattle fell 31% (586). By comparison, there were exactly 2900 new listings across our county in November 20 years ago. King County’s 1474 monthly home sales is the lowest for any November since 2010 (1331) – in the middle of the housing crisis.

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King County Home Buyers and Sellers in ‘Re-Evaluation’ Mode

Will Springer Realtor

The season has been shaped by slumping new listings, a slowly climbing number of homes sitting on the market from previous months, fewer closed sales compared to last year and prices moving plus/minus five percentage points year-on-year (YoY). monthly decline in available Seattle listings (793). The county saw a 4.9% drop (542).

Sellers 60