Housing Wire

JANUARY 20, 2023

From NAR : “December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates ,” said NAR Chief Economist Lawrence Yun. During that period, we saw new listing data decline. So the fact that we are back to an average of 26 days on market makes me happier.

Inventory 538

Inventory Housing Market New Listings Marketing 538

Housing Wire

FEBRUARY 16, 2023

If the homebuilders and homebuyers knew rates would hit 7% in 2022, many would not have taken those contracts they’re canceling now. Buyers have fewer choices than normal in the past eight years — but in reality, since 1982. Just look at the chart below and how bad credit looked from 2005 to 2008, then the job loss recession happened.

Construction 479

Construction Housing Market Inventory Mortgage 479

Lamacchia Realty

JANUARY 25, 2024

2023 was a notable year in real estate history, but if we had to put our finger on what stood out, it was how the number of homes listed was the lowest in over two decades. It kept inventory down, which propped up prices, but sales are down nearly 22%, and buyers are hungry. Average prices for closed sales increased by 3.4%

Inventory 70

Inventory Sellers Contracts Buyers 70

Lamacchia Realty

JANUARY 28, 2022

The post shut down race for buyers to secure homes in the later part of 2020 made it tough for 2021 to keep up and ultimately it didn’t happen. Homes Listed – All of NH. New listings in 2021 followed a less treacherous trendline in 2021 than 2020 but still couldn’t quite keep up with pre-pandemic markets. The slight 3.5%

Buyers 45

Buyers Contracts Inventory Real Estate 45