Housing Wire
DECEMBER 7, 2022
These were forced credit sellers, which means these sellers don’t sell to buy a home like a traditional seller does. Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. As we can see below, none of that is happening today because the seller isn’t stressed.
Housing Wire
NOVEMBER 18, 2022
Seasonal impacts are the norm with housing, and new listing data is negative 6% year to date. We saw new listing data decline when rates got to 6.25% the first time. A traditional seller is primarily a homebuyer, so not only do we lose the inventory for sale when this happens, but we also lose a buyer.
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Housing Wire
MAY 3, 2023
New listings aren’t filling the gap either. months of supply on a seasonally adjusted basis, “tipping the scale back toward sellers in a tightly constricted market,” Walden said. March also saw a deterioration in supply in 90% of major markets. In March, 30% fewer properties hit the market when compared to pre-pandemic norms.
Housing Wire
FEBRUARY 24, 2023
As we can see in the chart below, we are still below the recession levels of 2000 and really trending at 1996 levels. When we look at active listings today, we are still at 980,000, near all-time lows, even with the recent massive hit to demand. To get more inventory you need more Americans to list their homes.
Housing Wire
APRIL 20, 2023
If we are trending below 4 million — a possibility with new listing data trending at all-time lows — then we have much weaker demand than people think. As we can see below, from 2000, total active housing inventory rose from 2 million to 2.5 Now if we get a few sales prints above 4.6 Also, demand has stabilized since Nov.
Lamacchia Realty
JANUARY 25, 2024
Sales in New Hampshire declined by 18.9% The drop in nearly 4,000 closings wasn’t just because buyers weren’t buying; they would, but many couldn’t because sellers weren’t selling. 2023 Sees the Lowest Number of Homes Listed in Twenty-Three Years Listings in 2023 experienced a substantial 15.1% Sales Decline by 18.9%
Lamacchia Realty
JANUARY 25, 2024
There were 71,149 homes listed on the market compared to 2022, which had 87,536. Sellers are sitting on their hands because although they may want to move, they’re hesitating to do so because they don’t want to trade in their pandemic-era rates. Therefore, we are in a market with the lowest amount of new listings since 1994.
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