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Housing Market Tracker: Mortgage rates and inventory fall together

Housing Wire

These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. Active inventory fell 1,109, and new listing data made a lovely comeback week to week but was still noticeably down year over year. In a regular market, they would be closer to 5.25%.

Inventory 438
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New listings data falls for third week in a row 

Housing Wire

The moves haven’t been significant and our weekly pending contracts data picked up this week. Weekly housing inventory data For the third consecutive week, we haven’t quite reached my weekly target of inventory growth between 11,000 and 17,000 homes. When mortgage rates increase, demand falls and the price-cut percentage grows.

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Home Sales are Falling in Cuyahoga County While Prices Continue to Increase

Cleveland Appraisal Blog

The agent went on to mention that many people she knows would like to sell their home but are afraid of not finding another one because inventory levels are so low. In April, we saw the lowest number of monthly single-family home sales in Cuyahoga County since 2015. (I Homeowners need to sell their homes to make inventory for buyers.

Inventory 333
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Connecticut 2023 Year in Review

Lamacchia Realty

This created an extreme scarcity of inventory and contributed to elevated prices, but it also led to a 22% decrease in the number of sales, leaving buyers eager. The resilience can be attributed mostly to the decrease in inventory. The number of homes placed under contract (pending, just singles and condos) decreased by 18.9%

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Are Buyers In The Driver’s Seat Now?

Birmingham Appraisal

If they didn’t lose out on a contract for the home of their dreams they had to bid the price up way over the list price to even get the attention of sellers who have had an edge in the market since interest rates dropped after the COVID pandemic. Months of Inventory/Active Listings – The months of inventory is on the rise.

Buyers 87
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Mortgage rates hold steady at key level for now

Housing Wire

Weekly housing inventory data My favorite housing data line for 2024 has been seeing the increase in inventory year over year. I firmly believe that housing inventory can grow over time when mortgage rates increase and we see weakness in demand. Here is a look at inventory last week: Weekly inventory change (Feb.

Mortgage 456
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6 Reasons Why Now Is a Great Time to Sell Your Houston Home

Houston Properties

My last three listings have received a combined 14 offers and gone under contract, on average, within 4 days. The combination of low inventory and high demand is great for sellers. We’re also seeing the re-emergence of backup contracts, bidding wars, and homes closing materially over the asking price. Houston has 3.7