Remove 2025 Remove Contracts Remove Inventory Remove Sellers
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Are home sellers finally coming back to the market?

Housing Wire

The defining characteristic of the 2023 housing market has been dramatically fewer home sellers than any recent year. In this week’s Altos Research video, I look at how home sellers and sales are up, but that doesn’t mean prices will climb in 2024. Housing inventory climbed late in the year as mortgage rates rose.

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How this week’s Fed meeting could impact inventory

Housing Wire

real estate market were for inventory growth, sales growth and home-price growth across the U.S. Of my initial expectations this year — rising inventory, rising sales rates, rising prices — only rising inventory remains clear at this moment as we finish Q1 with rising interest rates. As we started 2024, the signals in the U.S.

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Where are home prices headed this spring?

Housing Wire

Specifically, when housing inventory is 25% greater than a year ago, the supply/demand balance is obviously very different than it has been. So while we can see currently the prices of home sales holding up, the signals for the end of 2024 and into 2025 seem to suggest we’re heading for flat home prices. Now it’s on the rise.

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A soft landing for the real estate market. What’s next?

Housing Wire

By October 2022, it looked like 2023 would have rising inventory and falling home prices. Sellers have not materialized, and buyers have been buying everything that becomes available. Inventory has fallen all year. The peak of inventory for 2023 so far was the week of the New Year — that is insane. There was no crash.

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Eastside Residential Market Sees Big Gains in Sales, Prices

Will Springer Realtor

It was particularly true on the Eastside, where sales surged 52% from February to March and 9% year-on-year (YoY) and inventory narrowed to under a month (29 days) before all homes for sale would theoretically be under contract if no others hit the market. However, we are missing the typical boost of sellers. There are 1.8

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

Will Springer Realtor

Total inventory remains low, however, keeping prices higher on an annual basis. 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. months’ inventory, up from 1.4 months’ inventory (2.0 in Bellevue ($570,000).

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Housing Data – Including Prices – Jump in Latest Market Review

Will Springer Realtor

Every key data point from the Northwest Multiple Listing Service (MLS) gained ground against the previous month – as often happens with the spring housing season taking stride – including the number of new and active listings, homes going under contract and final sales. months of inventory, including 1.3 In addition to King County’s 2.9%