Housing Wire

NOVEMBER 20, 2023

It looks like this is evidence that housing markets are returning to normal rather than a case of sellers panicking, but it’s worth keeping an eye on. Watch the video above to get the latest housing market update from Altos Research. Housing inventory inches up There were 570,000 single-family homes on the market, or 0.5%

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Housing Wire

APRIL 1, 2024

But now sellers are coming back into the market. New listing volume last week was 18% more than a year ago. There are still a lot of people who assume that mortgage rates need to fall before we see a rebound in home sales, but the data shows that we only need stability in the mortgage markets. That’ll feel like a lot!

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Housing Wire

MAY 6, 2024

The good news for the housing market is that the pace of sales is gradually improving due to the expanded supply. housing market as we roll into May 2024. Housing inventory There are now just under 600,000 single-family homes on the market. More home sellers are coming back to the market each week.

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Housing Wire

FEBRUARY 20, 2024

The housing market data has been changing very rapidly this year. 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.

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Housing Wire

MARCH 18, 2024

Although I don’t have any capacity to predict interest rates, I do know what happens to the housing market if rates rise or fall from here. 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.

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Inventory New Listings Sellers Contracts 433

Housing Wire

FEBRUARY 5, 2024

There were 44,000 new listings for single- family homes this week, plus another 11,000 immediate sales which were listed and are already in contract. The pace of new sellers each week remains incredibly restricted, but is showing signs of easing. There are 28% fewer new sellers than in 2019.

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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. The median price of the newly listed cohort this week is $420,000.

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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. Homes Pending (contract accepted) There were 20.2%

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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. Prices for single-family homes increased even more, up 26.8%

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Housing Wire

JANUARY 29, 2021

It’s the fourth consecutive decline, but many housing industry observers see big potential for the year ahead. However, contract signings rose 21.4% from December 2019, with all regions (Northeast, Midwest, South, West) reaching double-digit year-over-year increases.

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Contracts Real Estate Housing Market Technology 529

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.

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Inventory Contracts Buyers Mortgage 370

Housing Wire

JULY 17, 2023

housing market could have a soft landing in 2023. The market was roaring — way too hot — with bidding wars, speculators and investors who thought they couldn’t lose. The median price of the homes in contract is higher than last year and the new sales each week are up a few percent over last year. Currently, 33.1%

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Real Estate Marketing Inventory Contracts 369

Housing Wire

AUGUST 21, 2023

And every uptick in mortgage rates leads to a downtick in the number of home buyers in the market. This housing market is much different from last year at this time. There are 365,000 single-family homes in contract now. In this chart, the height of each bar is the total number of homes in contract that week.

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Inventory Contracts Buyers Sellers 370

Listing Spark

SEPTEMBER 25, 2023

While many thought it’d spell bad news, the total meltdown hasn’t happened. The 5 most notable changes to the Texas Housing Market To really understand how these rising rates have changed things, we need to look at the big shifts in the housing market. At least, not yet. YOY) Months Supply of Inventory: 3.3

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Real Estate Sellers New Listings Inventory 69

Will Springer Realtor

JULY 8, 2022

The screeching you heard in June was the sound of brakes being applied to the housing market across the U.S. 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. Not really sure.”.

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Will Springer Realtor

FEBRUARY 14, 2023

Inflection points are important in finding those signals and since last month’s assessment of the market, we are beginning to see what appear to be important – possibly significant – upward inflection points in housing market data. Another positive sign: The number of new listings surged from the previous month.

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Will Springer Realtor

APRIL 9, 2024

Despite a challenging financing environment, the Seattle/King County housing market is moving forward. New listings (+17%), available homes at the start of April (+5.0%) and listings going under contract – also known as Pending sales – (+24%) were solidly higher when comparing month to month.

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Marketing Inventory Buyers Sellers 60

Will Springer Realtor

MAY 13, 2024

today – may hold the keys (literally and figuratively) to the housing conundrum. Baby Boomers still have a significant impact on various aspects of society, including the housing market, healthcare and the economy. About three-quarters of the 459 residences are under contract with a target opening late this year.

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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. The market has, ahem , evolved in the four years since. monthly decline in available Seattle listings (793). on the Eastside.

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Sellers Buyers New Listings Inventory 60

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. The county saw the combined number of single-family, townhome and condo listings increase in June by 4.4% up 5% from May.

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Will Springer Realtor

SEPTEMBER 12, 2023

There is a feeling of Halloween in the real estate world because this housing market is a bit scary these days. The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. fewer new listings, the rate of sales rose 1.7% times more than at the end of 2019.

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Will Springer Realtor

OCTOBER 11, 2023

rose 11% this year, according to The Wall Street Journal (paywall), as housing costs and evictions triggered people to lose their homes despite record funding to combat the issue. 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.

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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. The county saw the combined number of single-family, townhome and condo listings increase in June by 4.4% Office vacancies in U.S.

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Will Springer Realtor

JUNE 13, 2023

It’s the bacon and eggs of the housing market – two staples that are often linked to one another. 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. in Seattle.

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Will Springer Realtor

MARCH 14, 2023

The opening months of the Seattle/King County housing market can best be expressed as sparks of activity within a mostly tentative purchasing environment. The number of homeowners deciding to sell continues to lag, but inventory and time on market continue to [mostly] climb, reflecting still-hesitant buyers.” Portland, Ore.,

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Will Springer Realtor

MAY 9, 2022

It has also set its sights on rezoning portions of the city to increase housing density. 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.

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Will Springer Realtor

OCTOBER 8, 2021

Here’s how topsy-turvy our housing market has been this past year-plus. Now you may think I am referring only to homeowners, as in did they miss the peak of the market to sell their home at top dollar. The market may go into a brief lull – as it does during this quarter and into early next year. OCTOBER HOUSING UPDATE.

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Will Springer Realtor

JUNE 9, 2021

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 market during the pandemic – and there is great anticipation for strong demand. The average King County single-family listing sold in May 9.5% months of homes on the market (down from 0.4

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Housing Market Marketing Inventory New Listings 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. Not “ Will the housing market crash?”

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Construction Inventory Buyers Real Estate 36

Will Springer Realtor

FEBRUARY 9, 2022

in 2019, the amount of vacant office space has grown each quarter to finish 2021 at 11.6% (excluding available sub-lease space), a level not seen in the city since 2012. >> The chart below, courtesy of the Northwest Multiple Listing Service (MLS), shows breathtaking price appreciation in our region in recent years.

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Will Springer Realtor

MAY 12, 2021

The narrow area known as Westlake, just west of Lake Union (and, notably, close to Facebook, Google and Amazon offices), has seen the number of people aged 25-34 double from 2010 to 2019 and now comprise 52% of its residents. Icon is on a mission to change the way we house the homeless and others. housing market needs 3.8

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Will Springer Realtor

JULY 9, 2021

The National Association of Realtors® recently announced a new partnership with the LGBTQ+ Real Estate Alliance, a nonprofit that promotes homeownership and advocates for greater equality in housing. increase in single-family permits over 2019. >> JULY HOUSING UPDATE. >> A whopping 3.8

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