article thumbnail

New listings data falls for third week in a row 

Housing Wire

New listings data has been moving lower over the last few weeks. The moves haven’t been significant and our weekly pending contracts data picked up this week. But, we need to see more growth in new listings data just to grow from 2023 levels.

article thumbnail

Housing Market Tracker: Mortgage rates and inventory fall together

Housing Wire

Active inventory fell 1,109, and new listing data made a lovely comeback week to week but was still noticeably down year over year. One piece of good news last week was that the new listing data, which saw a significant collapse two weeks ago, rebounded excellently to return to a usual trend.

Inventory 440
Insiders

Sign Up for our Newsletter

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

article thumbnail

Mortgage rates hold steady at key level for now

Housing Wire

17-24), Inventory fell from 437,282 to 430,395 The recent inventory bottom was in 2022 at 240,194 The inventory peak for 2023 was 569,898 For context, active listings for this week in 2015 were 958,304 New listings data New listings data is growing year over year and increasing week to week, but I wish we were seeing more significant growth.

Mortgage 465
article thumbnail

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%

article thumbnail

Is The Real Estate Market Shifting?

Birmingham Appraisal

The first is that sales could be slowing down while new listings continue to enter the market. The net effect would be an increase in the listing count. The second reason could be that sales are continuing at a normal rate and there is an abnormal spike in new listings. The post Is The Real Estate Market Shifting?

article thumbnail

Will a wider war in the Middle East push mortgage rates higher or lower?

Housing Wire

I am a big fan of the inventory growing year over year based on new listing data, and this is a big plus for the housing market. Last year, it was savagely unhealthy that new listings data was trending at the lowest recorded levels. Here is the price-cut percentage for last week over the last several years: 2024: 32.1%

Inventory 447
article thumbnail

Will Springer Realtor - Untitled Article

Will Springer Realtor

The number of new listings for all home types – single-family, townhomes and condos combined – in King (887) fell 47% from November and declined 36% from December 2021. Homes going under contract (Pending sales) dropped 25% from the previous month and 30% year-on-year (YoY) – staggering drop-offs. baths in 11,104 sq.