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Housing inventory has never been lower

Housing Wire

During the four week period ending November 28, the number of active listings was a 23% decrease compared to the same time period in 2020 and a 42% drop compared to 2019. The number of new listings was also down compared to 2020, dropping 4%, but it was 12% higher than the number of new listing during the same time period in 2019.

Inventory 508
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Insatiable demand drives July pending home sales up 15% annually

Housing Wire

The seasonally-adjusted index measuring signed contracts was up 15.5% Home sellers are seeing their homes go under contract in record time, with nine new contracts for every 10 new listings.”. gain compared with 2019. pending home sales rose 5.9% As states reopen, Yun expects the market to remain hot.

Contracts 485
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There’s no sign of the typical fall slowdown in home buying

Housing Wire

One-third of homes that went under contract had an accepted offer within one week of hitting the market, a new report from Redfin found. In addition, the number of homes that went under contract within two weeks of listing rose to 46% from 42% during the same period in 2020. points from a month earlier.

Contracts 400
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Existing home sales data shows extent of housing inflation

Housing Wire

From NAR Research : “Total existing-home sales notched a minor contraction of 0.4% Existing home sales have more legs to go lower, especially now that new listing data is falling. I am a big fan of inventory to 2019 levels. that are at 2019 levels, and they are off the savagely unhealthy housing market list.

Inventory 458
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Redfin: Over half of buyers are going above asking price

Housing Wire

Diving deeper, for the two week period ending May 9, 2021, 57% of homes that went under contract had an accepted offer within the first two weeks on the market. Redfin also studied housing numbers from the same period in 2019, before the onset of the COVID-19 pandemic in the U.S.

Buyers 421
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The 2023 housing market is at odds with itself

Housing Wire

The number of new listings coming on the market this spring is lower than it has been in more than a decade. Sales and new pending contracts are below pre-pandemic levels. New listings activity will continue to be very low throughout much of 2023. Selective sellers. Who is selling right now?

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Spring forecast: More inventory and rising home sales

Housing Wire

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 466