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Housing inventory falls under 1M again as sales collapse

Housing Wire

The one period where this didn’t happen was from 2006-2011, when credit forced Americans to sell, to rent or to be homeless. During that period, we saw new listing data decline. The Federal Reserve did not like the homebuying atmosphere during COVID-9, especially the non-contingent buying contracts.

Inventory 541
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Massachusetts 2023 Year in Review

Lamacchia Realty

This report breaks down sales, 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. Lowest number of homes listed in recorded history, decreased by 18.7% Average prices for closed sales increased by 3.4%

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The nation’s housing market is on a correction course

Housing Wire

The reasons it will avoid a crash, according to Zandi, are that overall housing-inventory levels remain relatively tight by historical measures; mortgages overall have and continue to benefit from solid underwriting and oversight; and we are not seeing the kind of speculation that marked the housing market in the run-up to the 2006/07 crash. “I

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2023 Maine Year in Review

Lamacchia Realty

This report analyzes the sales figures, average prices, the number of active listings, and listings under contract for both 2023 and 2022. Average prices for closed sales increased by 10% Lowest number of homes listed in over two decades, decreased by 12% The number of homes placed under contract (pending) decreased by 16.4%

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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. Sales in New Hampshire declined by 18.9%

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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

The 323,465 flipped single-family, condo and townhomes in 2021 is the highest number since 2006 and represented 5.5% That includes 621 fewer Pending contracts in April 2022 than the previous April, as the net number of new listings remains on average lower than in years past. List price: $3.495M ($782/sq.

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Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

This was the fastest pace for combined single-family and multi-family construction since June 2006. 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. million units.