Remove 2017 Remove Contracts Remove New Listings Remove Sellers
article thumbnail

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. One difference between 2023 and 2024 is that this year the pending contract data shows small but steady year-over-year sales growth. I love that new listings data is growing yearly, but it’s been too light for me.

Inventory 445
article thumbnail

Will existing home sales climb at all this year?

Housing Wire

Pending Sales There are now 378,000 single-family homes in contract. There were 68,000 new contracts for single-family homes this week. In the chart below, the light portion of each bar represents the new contracts each week. But, there were another 15,000 condos and townhomes that went into contract this week.

Inventory 282
Insiders

Sign Up for our Newsletter

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

article thumbnail

IS THE HOUSING MARKET HEADED FOR A CRASH?

Will Springer Realtor

Even if a household faced the prospect of foreclosure, buyers would be happy to take the home off an owner’s hands – likely at a profit for sellers – while providing needed inventory. One-tenth surveyed said they have added language to contracts that require buyers to share in the materials costs if they continue to rise.

article thumbnail

IS THE REAL ESTATE WINDOW CLOSING SHUT?

Will Springer Realtor

To be sure, the market is still leaning heavily in the sellers’ favor and listings are slimmer than a strand of spaghetti. on an average of 16 sales a month, according to the Northwest Multiple Listing Service. Homes are selling at about $750,000 today, off the all-time high of $797,500 in March 2017. 1 vs. Sept.

article thumbnail

Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

The county saw new listings and end-month Active listings rise but Pending sales slip, suggesting buyers are no longer snatching every listing on the Northwest MLS as they become available. Listed at $1,995,000 ($725/sq. Sellers typically ask for back-up buyers. The sellers are asking for $2.1M ($472/sq.