Housing Wire

APRIL 1, 2024

New listing volume last week was 18% more than a year ago. Pending sales Last week saw 69,000 new contracts for single-family home purchases across the country. That brings us to 367,000 single-family homes in the contract pending stage. That’s 60,000 new listings and another 17,000 immediate sales.

Inventory 457

Inventory New Listings Contracts Sellers 457

Housing Wire

JULY 21, 2021

share in June 2019. above its asking price, that means it was listed for $301,872, said Daryl Fairweather, Redfin’s chief economist. “Many buyers who have been priced out of the market for single-family homes have turned to condos,” Fairweather said. share in June 2020 and the 20.2% If a condo sold for 0.7%

Buyers 424

Buyers New Listings Contracts Marketing 424

Housing Wire

MAY 6, 2024

But it’ll take several more years of elevated mortgage rates before inventory builds back to pre-pandemic levels of 2019 or earlier. New listings There were 71,000 new, unsold listings of single-family homes across the country this week. There are only 3% more homes in contract now than at this time last year.

Inventory 441

Inventory Contracts Sellers New Listings 441

Housing Wire

FEBRUARY 5, 2024

This is not a recipe to keep the home buyer momentum we saw building in December. Remember that the way to more selection for home buyers is with higher mortgage rates. Spring buyers’ market It’s the spring buyers market and inventory is falling each week. There are more buyers than sellers. A few years.

Mortgage 433

Mortgage Inventory Sellers New Listings 433

Housing Wire

MARCH 11, 2024

Market outliers The Gulf markets from Southwest Florida over to Louisiana now have inventory levels mostly back above their pre-pandemic levels of 2019 or higher. There were 59,000 new listings unsold this week. Last year there was still a lot more buyer momentum than sellers. That’s 15% growth over the pace of 2023.

Inventory 502

Inventory New Listings Sellers Real Estate 502

Housing Wire

MARCH 18, 2024

While inventory is growing across the country, some markets are way more impacted and already have more homes on the market than in 2019 or 2020 just before the pandemic. Lower rates mean more buyer competition and less unsold inventory. New listings Last week, 59,000 new single-family listings came to market.

Inventory 433

Inventory New Listings Sellers Contracts 433

Lamacchia Realty

JANUARY 27, 2023

The 2022 Connecticut Year in Review Housing Report breaks down sales, new listings, new pending sales, active inventory, and average price compared to the 2021 market and analyzes what the data means for the current housing market and beyond. sellers and buyers) began to restore itself. Sales Down 18.8%

Inventory 52

Inventory Sellers Buyers Real Estate 52

Housing Wire

FEBRUARY 20, 2024

New listings rise New listings continue to show us that more sellers are interested in this market this year. With just under 50,000 new listings unsold coming to the market this week, that’s now 16% more than the same week a year ago. Inventory is back at 2019 levels in many of these markets.

Mortgage 498

Mortgage Inventory Sellers New Listings 498

Birmingham Appraisal

JUNE 28, 2022

The first is that sales could be slowing down while new listings continue to enter the market. The net effect would be an increase in the listing count. The second reason could be that sales are continuing at a normal rate and there is an abnormal spike in new listings. Conclusion.

Real Estate 52

Real Estate Marketing Inventory Sellers 52

Housing Wire

AUGUST 21, 2023

Buyers in this real estate market notice these affordability changes, and so we can see in the data fewer home purchase offers, slightly climbing unsold inventory, and slightly more price reductions for the homes that are on the market. And every uptick in mortgage rates leads to a downtick in the number of home buyers in the market.

Inventory 370

Inventory Contracts Buyers Sellers 370

Housing Wire

AUGUST 1, 2023

Even as mortgage rates rose, and affordability was pushed out of reach for many potential homebuyers, there are still sufficient buyers who can afford these prices and these rates. The number of buyers has been surprising. The median price of the new listings this week is $399,900. In 2022 there were 418,000.

Inventory 370

Inventory Contracts Buyers Mortgage 370

Housing Wire

JULY 17, 2023

But since January, home buyers have defied all expectations. Sellers have not materialized, and buyers have been buying everything that becomes available. The peak of inventory for 2023 so far was the week of the New Year — that is insane. But buyers are present this year, so prices are not up year over year.

Real Estate 369

Real Estate Marketing Inventory Contracts 369

Housing Wire

JULY 24, 2023

Pending Sales There are now 378,000 single-family homes in contract. There were 68,000 new contracts for single-family homes this week. In the chart below, the light portion of each bar represents the new contracts each week. But, there were another 15,000 condos and townhomes that went into contract this week.

Inventory 370

Inventory Contracts New Listings Buyers 370

Housing Wire

JANUARY 29, 2021

However, contract signings rose 21.4% from December 2019, with all regions (Northeast, Midwest, South, West) reaching double-digit year-over-year increases. Realtor.com’s Housing Market Recovery Index showed significant contract growth, specifically in Portland, Las Vegas, Denver, Los Angeles, and Boston.

Contracts 529

Contracts Real Estate Housing Market Technology 529

Will Springer Realtor

AUGUST 15, 2023

Ah, for the good old days of 2019 – when we could stomach home prices closer to the mid-million-dollar mark and housing options were somewhat plentiful amid a mildly competitive buyer environment. King County new listings fell 13% from June to July (2158), led by a 20% slide in Seattle (690). on the Eastside.

Sellers 60

Sellers Buyers New Listings Inventory 60

Lamacchia Realty

JANUARY 25, 2024

The real estate landscape witnessed significant developments in 2023, as the New Hampshire market saw a historic low in listings. Despite this decline, motivated buyers were out there trying to secure a home while also trying to navigate lower affordability and low inventory. Sales in New Hampshire declined by 18.9%

Inventory 52

Inventory Sellers Buyers Contracts 52

Will Springer Realtor

APRIL 9, 2024

That was highlighted by a 30% month-to-month gain in total home sales (single-family, townhome and condos combined) across the county in March and unseasonably low supply for buyers. The 2166 single-family new listings in King are the lowest of any March since records were archived online in 1991.

Marketing 60

Marketing Inventory Buyers Sellers 60

Listing Spark

SEPTEMBER 25, 2023

From late summer of 2022 to now, the Texas real estate market has experienced one of the most unpredictable corrections in recent history, leaving a lot of home-buyers and sellers scratching their heads and trying to make sense of what is going on. The big twist? A sharp increase in interest rates. We’re looking at around 3.8

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Lamacchia Realty

JANUARY 30, 2024

The 2023 South Florida real estate market, like national trends, saw a decrease in sales, an increase in prices, and a decrease in the number of homes listed and placed under contract. The number of homes listed decreased by 10% The number of homes placed under contract decreased by 14.1% South Florida witnessed a 17.5%

HOA 49

HOA Inventory Buyers Contracts 49

Will Springer Realtor

MAY 13, 2024

Sellers accused NAR and other defendants of unlawfully inflating compensation paid to agents to bring financially qualified buyers to homes.Potential members of the class action can send objections or comments about the settlement to the court. About three-quarters of the 459 residences are under contract with a target opening late this year.

HOA 36

HOA Transportation Construction Buyers 36

Lamacchia Realty

OCTOBER 26, 2021

For New Hampshire, it presents home sale statistics and average sales prices. 2019 will be examined in some areas to highlight the lingering impact of COVID in real estate. Highlights: Sales are down and prices are up, signifying that the market has shifted into more of a buyer’s market, making this the best Fall to buy in two years.

Inventory 67

Inventory Buyers Sellers Landlords 67

Lamacchia Realty

JANUARY 28, 2022

2019–2021 Home Sales by Month. 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. If you scroll down to the Listings portion of this report, you’ll see that there was a dip right around the same time. Sold Homes 2019 – 2021 by County.

Buyers 45

Buyers Contracts Inventory Real Estate 45

Will Springer Realtor

FEBRUARY 9, 2022

The affordability question is becoming more difficult to justify too, as home prices and interest rates rise amid other challenges facing buyers.“That’s Buyers with the deepest pockets may wait, however. home buyers. Yes, buyers and sellers, we are in a rare price correction period for single-family home sales in King County.

Buyers 36

Buyers Law Inventory Development 36

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. fewer new listings, the rate of sales rose 1.7% fewer new listings (1998) compared to July and 5.0% While there were 5.8% against the previous month.

Finance 68

Finance Inventory Construction Buyers 68

Will Springer Realtor

JULY 11, 2023

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. New single-family-home listings rose 3.8%

Housing Market 36

Housing Market Buyers Inventory Real Estate 36

Will Springer Realtor

JUNE 13, 2023

Unfortunately for buyers, both figures – prices and rates – are climbing, raising the hurdle to homeownership even higher for many. The pandemic housing market was super-charged by historically low interest rates and buyers seeking more spacious properties amid global health fears. In March, 33% of homes listed for sale in the U.S.

Buyers 36

Buyers Inventory Construction Finance 36

Will Springer Realtor

MARCH 14, 2023

Unless the listed home is in a favorable location, priced competitively and move-in ready, activity has been somewhat muted as prospective buyers and sellers wait for economic conditions to improve. Notably, there are 185% more listings available today across the Eastside of the county compared with February 2022. Portland, Ore.,

Marketing 36

Marketing Buyers Inventory Sellers 36

Will Springer Realtor

OCTOBER 11, 2023

King County acknowledged receiving a little under $1B in federal aid for homelessness and housing since 2019, yet the local homeless rate rose 14% this past year. This is the season when buyers can take advantage of homeowners wishing to sell before the holidays and who show a willingness to budge on price or make other concessions.

Law 36

Law Development Design Government 36

Will Springer Realtor

FEBRUARY 14, 2023

From a macro perspective, the 2023 outlook for home buyers is the best it’s been for three years. Danielle Hale, chief economist for realtor.com, said: “There will be more homes for sale, homes will likely take longer to sell and buyers will not face the extreme competition that was commonplace over the past few years.”

Housing Market 36

Housing Market Marketing Inventory Buyers 36

Will Springer Realtor

MAY 9, 2022

Between 2011 and 2019, the median household income in our area increased by about 34% but housing prices jumped 78%. Microsoft has committed $750M since 2019 to help support the creation of more affordable homes in Seattle metro. It has also set its sights on rezoning portions of the city to increase housing density.

Architecture 36

Architecture Design Buyers Construction 36

Will Springer Realtor

JULY 8, 2022

The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. Even stock investments, the source of many down payments for buyers, have taken a heavy blow. FOR FIRST-TIME BUYERS, NOW WHAT? Washington, D.C.,

Housing Market 36

Housing Market Marketing Inventory HOA 36

Will Springer Realtor

JULY 13, 2023

urban centers remain mostly higher than in 2019. The national office vacancy rate stands at 16% through March , up from 11% at the end of 2019 – just before life changed for you, me and the world. Home prices continued to confound buyers by climbing toward record highs as summer began. New single-family-home listings rose 3.8%

Construction 36

Construction Supply Chain Real Estate Development 36

Will Springer Realtor

OCTOBER 8, 2021

I also heard the same question from buyers this year. While early to mid-spring was frenzied – featuring waves of cash-carrying buyers with their contingency-absent offers – the housing environment settled down to a somewhat civilized pace by September and likely for the next few months. And that answer appears to be “yes.”

Real Estate 36

Real Estate Buyers Inventory Housing Market 36

Will Springer Realtor

SEPTEMBER 8, 2021

It’s particularly true among homes priced at or below $500,000 in King County, where only 737 of those properties sold in August (36% fewer than in August 2019). The good news comes from major national builders who have shared their forecasts for growth in the coming years. BY THE NUMBERS. >> Buyers secured 3.8 That’s fair.

Construction 36

Construction Inventory Buyers Real Estate 36

Will Springer Realtor

MAY 12, 2021

Amid the challengers for buyers, there is an expectation for housing activity to continue puffing its Thomas the Tank Engine without a misfire – at least through early summer – before possibly lowering a gear. One of the reasons for the continued home-sales intensity – in any season – is a key group of “new” buyers.

Real Estate 36

Real Estate Inventory Buyers Construction 36

Will Springer Realtor

JUNE 9, 2021

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. Flood of buyers – As I noted last month , Millennials will fuel this housing market for at least a decade to come as about 4.5 range won’t last forever.

Housing Market 36

Housing Market Marketing Inventory New Listings 36

Will Springer Realtor

JUNE 8, 2022

The pandemic has made attaining ownership more difficult, particularly in housing-starved Seattle (pictured) and across King County where the number of homes on the market (Active listings) has trended lower for most of the past decade-plus. Snohomish County’s Active listings more than doubled – to 1182 – from 500 from a year ago.

Design 36

Design Construction Development Property Taxes 36