2007 Contracts Inventory New Listings 
Housing Wire
AUGUST 1, 2023
The median price of the new listings this week is $399,900. As the summer progresses, each subsequent week of new listings gets priced at a slight discount to the previous weeks. The median price of the homes in contract is $385,000. There are now 376,000 single-family homes in contract.
Housing Wire
FEBRUARY 16, 2023
However, the glaring difference today versus the recession of 2008, is that in 2007 the builders had to deal with over 4 million active listings as competition for their pricey new homes. If the homebuilders and homebuyers knew rates would hit 7% in 2022, many would not have taken those contracts they’re canceling now.
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Will Springer Realtor
MAY 9, 2023
Falling new inventory is constraining transaction volumes while also supporting higher home prices. April’s figure was 37% lower than a year ago and, for context, the five-year average of new listings for the month just before the pandemic began was 4021. The inventory may not be there, but the demand sure is.
Will Springer Realtor
OCTOBER 10, 2023
First a look at September’s numbers: A wave of last-chance listings for the year hit the market after Labor Day. That increased new listings by 7.5% (2884) and available homes on the market by 12% (3602) between Sept. Seattle alone saw a 29% (1213) monthly increase in new listings. Single-family inventory is 1.8
Will Springer Realtor
JULY 11, 2023
The county saw the combined number of single-family, townhome and condo listings increase in June by 4.4% While that percentage may appear strong, it’s nothing compared to the April-to-May rise of 18%, signaling a probable cooling of new listings in the future. New single-family-home listings rose 3.8%
Will Springer Realtor
MAY 9, 2023
month backlogs of contract work, as of Q4 (latest data available), which is down from the peak of 4.8 years, according to recent data, when it was only about five years just before the housing market crash of 2007. Falling new inventory is constraining transaction volumes while also supporting higher home prices.
Will Springer Realtor
OCTOBER 11, 2022
Waller went on to say this adjustment is in no way like the horrific housing/financial crises of 2007-2010. Counties in and near Chicago and New York City were seen as the most vulnerable to today’s economic headwinds. The number of new listings in the previous month and remaining on the market as of Oct. last month.
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