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Housing Wire
FEBRUARY 12, 2024
New listings each week, which were record few last year, are growing now. New listings volume climbing I want to start today with the new listings volume, which is notably finally climbing over last year’s anemic levels. There were 66,000 new listings this week, of which 14,000 are already in contract.
Housing Wire
JANUARY 22, 2024
Those metrics, specifically the pace of new listings and new sales contracts, slowed this week. Our immediate sales metric of homes that get offers within a couple days of listing also slowed. New listings and new contracts both still show a bit of improvement over 2023, but the growth rates have slid back down.
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Housing Wire
JANUARY 8, 2024
There are now 247,000 single family homes in contract. That is 4.25% more homes in contract now than last year at this time. New contracts up New contracts were 13% more than last year during the first week of January. If they have buyers, the price of the new listings spikes up quickly.
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.
Housing Wire
MARCH 11, 2024
New listings To watch whether supply and demand might get out of balance with higher mortgage rates, keep an eye on the new listings volume this spring, not just the total inventory. There were 59,000 new listings unsold this week. Last year there was still a lot more buyer momentum than sellers.
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. It can be hard to communicate all this with buyers and sellers.
Housing Wire
FEBRUARY 26, 2024
Last year at this time, we were seeing surprising home buyer demand with rates having fallen to the low 6s. Each week, there are more new listings than a year ago, allowing inventory to build and eventually leading to more home sales this year than last. And sure enough the number of new contracts started this week dipped.
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