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Opinion: The end of seller speculation in US housing market

Housing Wire

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%

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Expect the growth rate of existing home prices to cool down this year

Housing Wire

Looking at the chart above, inventory started growing late this year, but it seems normal compared to 2017-2019. The other data line that is small but steady year-over-year is the new listings data, and if most sellers are buyers, that gives us more demand than in 2023, when new listings were trending at the lowest levels ever.

Inventory 445
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Housing inventory up nearly 55% in December

Housing Wire

compared to the December 2017-2019 average. “In In December, we saw both buyers and sellers pulling back as they continue to adjust to a challenging market,” Danielle Hale, Realtor.com’s chief economist, said in a statement. Despite the drop in buyer demand, the median list price was up 8.4%

Inventory 516
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Housing Market Tracker: Spring inventory grows

Housing Wire

Weekly housing inventory Since new listing data was trending at all-time lows in 2023, some feared we wouldn’t see the typical spring inventory increase. After the last few weeks , we can put that fear aside: we are finally getting the seasonal increase in active listing. This link explains the difference and is worth a read.

Inventory 509
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Will existing home sales climb at all this year?

Housing Wire

The trends in this chart show how quickly home buyers reacted to the big mortgage rate jumps in 2022. 450,000 is a psychological threshold for sellers and prices tend to cluster around these big numbers. The median price of the new listings is $400,000 this week. The median price of the new listings is $400,000 this week.

Inventory 282
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Housing Market Tracker: Banking crisis is a new variable

Housing Wire

New listing data collapsed, but we are putting an asterisk on that data line for this week. Now the bad news: new listing data fell so much this week that I am putting an asterisk on this week’s data until we see if this is a trend or just a one-off in the weekly data that can occur from time to time.

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The Cleveland Area Housing Market Was Skating Along… And Then This Happened

Cleveland Appraisal Blog

Interestingly, the number of active listings has dropped every year since at least 2013. But it appears that we have hit the bottom when it comes to active listings. We can expect more listings in the future. Sellers are starting to realize that we are no longer in the same market as we were in 2020-2022.