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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. That’s down 8.5%

Inventory 453
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Altos: Sellers are coming back to the housing market, can buyers keep up?

Housing Wire

Each week — for several months now — inventory levels of unsold homes on the market has been expanding compared to last year. Even as inventory declined this week, it’s relatively growing compared to a year ago. This week, inventory fell by half a percent. New listings each week, which were record few last year, are growing now.

Sellers 369
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Altos: More sellers and price reductions, but fewer homebuyers

Housing Wire

Inventory is rising across the country as home-buying affordability takes another hit. As demand slows, inventory grows. As a result, inventory is higher and future sales price indicators are also softer than they were a year ago. We still see more sellers than last year. This the first inventory increase of the year.

Sellers 415
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Prices for pending home sales reach record high

Housing Wire

We’re watching inventory , which continues to grow by 3% each week. 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.

Inventory 492
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Rising insurance costs, ample inventory create a unique market in Southwest Florida

Housing Wire

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I We are seeing a healthy increase in inventory, which we really needed.” Smith attributes the uptick in inventory to a bump in new listings. Literally since Jan.

Insurance 381
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Home price signals point to flat growth

Housing Wire

Inventory increases aren’t occurring at a super fast pace, but the number of homes on the market across the country keeps expanding. The good news for the housing market is that the pace of sales is gradually improving due to the expanded supply. Housing inventory There are now just under 600,000 single-family homes on the market.

Inventory 410
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Indiana’s housing market is primed to bounce back in 2024

Housing Wire

We were up year over year in inventory , but we were at a 25 year low on new listings.” Both buyers and sellers are coming back to the market,” Fischer said. Like elsewhere in the country, Indiana has struggled with housing inventory. Very few new construction homes are going up in our area,” Diamond said.