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Housing inventory falls under 1M again as sales collapse

Housing Wire

During that period, we saw new listing data decline. However, in 2020 new listing data came back, and we don’t want to see the new listings continue to decline this year — that would be a double negative for the housing market. So the fact that we are back to an average of 26 days on market makes me happier.

Inventory 541
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Existing home sales data shows extent of housing inflation

Housing Wire

From NAR Research : “Total existing-home sales notched a minor contraction of 0.4% Existing home sales have more legs to go lower, especially now that new listing data is falling. However, it’s not the market of 2002-2011. from July to a seasonally adjusted annual rate of 4.80 million in August.”

Inventory 458
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New Hampshire 2023 Year in Review

Lamacchia Realty

This report breaks down state-wide sales (previous years mostly covered Southern NH and the Lakes Region ), average prices, the number of active listings, and how many listings went under contract for 2023 compared to 2022, and discusses what is predicted to unfold in 2024. Average prices for closed sales increased by 7.2%

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FED’S ACTIONS TAKE STEAM OUT OF HOUSING MARKET

Will Springer Realtor

We are now seeing “7s” in front of some rates to new mortgage consumers – a figure not seen since April 2002 – causing applications for new loans to hit a 25-year low this month. ( Counties in and near Chicago and New York City were seen as the most vulnerable to today’s economic headwinds. OCTOBER HOUSING UPDATE.