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How much will home prices climb over the next year?

Housing Wire

All year, the strength of homebuyer demand and the tight supply of homes for sale has meant that the market pretty rapidly found a floor on the home-price correction of 2022. The number of buyers has been surprising. The median price of the new listings this week is $399,900. Home prices declined subsequently.

Inventory 344
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Home Prices Rising Toward Record Highs – Again

Will Springer Realtor

The Seattle/King County housing market inched forward – and a little sideways – as the number of new and unsold listings continued to expand in June while fresh signs of a slowdown approached. Home prices continued to confound buyers by climbing toward record highs as summer began.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

years, according to recent data, when it was only about five years just before the housing market crash of 2007. Except for the pandemic year of 2020, last month was the slowest April since at least 2008 when easy access to Northwest Multiple Listing Service data became available.

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IS THE HOUSING MARKET HEADED FOR A CRASH?

Will Springer Realtor

Prices have soared in most areas – including a 30% jump in the past year for single-family homes in King County – amid a shortage of inventory and a sharp rise in the number of buyers. Is this the beginning of a housing bubble, 2021-style? “I Couple that with the return of international buyers – absent from the U.S.