Housing Wire
DECEMBER 7, 2022
Since they were distressed forced sellers, inventory skyrocketed in 2006 and stayed very elevated in 2007 and 2008. One issue that has created a waterfall dive in purchase application data and sales is that new listing data is declining faster than usual. Total inventory levels. NAR: Total Inventory levels 1.22
Listing Spark
DECEMBER 23, 2020
Across the major markets in Texas, our December real estate market update shows clear data points that we are ending the year in one of the strongest seller’s markets we have seen in modern history. . Median Sales Price: $270,000 (up 12%) Closed Sales: 9,660 (up 28.1%) Active Listings: 29,948 (down 27% from this time last year) 2.2
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Will Springer Realtor
MAY 9, 2023
They have also been spending oodles of money to shape their residences to meet new living needs – modern and spacious, when possible – as households live in their homes for longer. The 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.
Will Springer Realtor
MAY 13, 2024
were flipped last year, down 29% from 2022 and the largest annual drop since 2008. The reason, beyond the seasonal spring burst of new listings, may be tied to a recent legal settlement between Insignia’s Homeowners Association and Bosa Development Washington on a litany of building defect claims. >> In total, 308.9K
Will Springer Realtor
MAY 9, 2022
You would be hard-pressed to find economists proclaiming that today’s housing environment in the PNW is nearing anything close to the 2008-type bust. the highest percentage since Q3 of 2008. ” The increased number of listings and slight slow-down of the market have helped boost inventory numbers. It’s modernism in Medina!
Will Springer Realtor
APRIL 8, 2021
Here’s the key difference between now and 2008-2010: Homeowners have record levels of equity and should be able to tap into that to sell their homes – probably for a profit in this sellers’ market – and avoid foreclosure. The image was taken from a drone above The Parc, a condo in Belltown, where I am promoting one of my new listings.
Will Springer Realtor
MAY 12, 2021
The excess of inventory that occurred in 2007, 2008 and ’09, was an anomaly,” said Marci Rossell, former chief economist for CNBC. There was plenty of excess in our region too, with about 23,700 listings (comprising all home types) across King and Snohomish counties in July 2008 (green). Listed at $1,995,000 ($725/sq.
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