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Altos: Sellers are coming back to the housing market, can buyers keep up?

Housing Wire

New listings each week, which were record few last year, are growing now. There are still notably not a lot of sellers. But home sellers are gradually easing back into this housing market. There were 66,000 new listings this week, of which 14,000 are already in contract. It’s not a ton of sellers.

Sellers 369
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No seasonal slowdown this year as real estate agents report a busier-than-usual fall

Housing Wire

“But if the pandemic surges up again, I think we’re just going to get busier and busier here, because we are definitely located in the correct position, outside of New York City, where parents can still commute to work and children can have space needed for homeschooling and things like that,” Kanacki said.

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Altos: More sellers and price reductions, but fewer homebuyers

Housing Wire

We still see more sellers than last year. 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. Home prices aren’t falling but the growth signals are definitely softening. More sellers with price cuts than a year ago.

Sellers 415
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Prices for pending home sales reach record high

Housing Wire

We’re watching sales volumes , which are definitely up over past year but remain slow. Housing inventory When we look at the active inventory of unsold homes on the market, we can definitely see the impact of higher mortgage rates in the past month. New listings Growing inventory is not just about slowing demand.

Inventory 492
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Did Housing Inventory in Atlanta Increase in the 1st Qtr of 2022?

Hank Miller Team

Traditionally, the months of May and June see the most new listings as the school cycle hits – graduating families sell and rising families buy. The charts below focus on key indicators; number of listings, number of sales, days on market and sale to list ratio. We see the slight bounce and then the glide down.

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Home price signals point to flat growth

Housing Wire

New listings There were 71,000 new, unsold listings of single-family homes across the country this week. More home sellers are coming back to the market each week. These are new listings that are already under contract, so they’re not counted in the active inventory.

Inventory 410
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What will happen to home prices with more inventory?

Housing Wire

With the Easter holiday last week, data for housing inventory , new listings and the pace of new contracts started all took a breather from their growth pace. Here’s how 2024 is shaping up: There are now more listings, more active inventory and more sales than a year ago. In other words, seller growth continues.

Inventory 453