The inventory of homes for sale grew in May, with more new listings entering the market than in any other month since June 2019. Despite the increase in inventory, typical housing costs are expensive and fast-paced. The median home asking price is at a new all-time high of almost $447,000. [...]
Highlights The count of homes for sale grew in May compared to last year for the first time since June 2019. New home listings increased 6.3% over 2021 levels. The typical home spent 31 days on the market in May, the shortest time on record since 2016. Homes for sale [...]
April housing inventory is closer to catching up with 2021; however, homebuyers still contend with fewer homes for sale. © 2022 xpertRealtyMarketing. Sign up to have real estate articles delivered to your website.
Highlights Home inventory is beginning to catch up with last year; however, homebuyers are still contending with fewer homes for sale. The number of homes for sale in April is comparable to this time last year, but the number is still fewer than what was typical before the pandemic. April [...]
The March national median listing home price climbed to over $400,000, an all-time high and an increase of 13.5% over March 2021 prices. However, the demand for homes is moderating because of rising interest rates. The national inventory of active homes for sale declined by 18.9% over March 2021. The [...]
Highlights The March national median listing home price was over $400,000, an all-time high and an increase of 13.5% over March 2021 prices. Rising interest rates are moderating the demand for homes. As a result, mortgage applications are down 40% from March 2021. Home sellers are seeing a softening market. [...]
The median national home price grew to an all-time high in February and rose faster than is typical for this time of year, making for an early start to the spring buying season this year. © 2022 xpertRealtyMarketing. Sign up to have real estate articles delivered to your website.
Highlights Real estate markets are getting an early start to the spring buying season with an unseasonably high home demand with fewer homes for sale. Nationally, the inventory of active listings declined by 24.5% over last year, while the total inventory of unsold homes declined by 15.3%. February’s national median [...]
Realtor®.com reports that real estate markets are seeing an early start to the spring buying season this year. There is an unseasonably high demand with fewer homes for sale. The imbalance led to typical homes selling faster and pushing list prices to a record high in February. Meanwhile, higher mortgage rates squeezed [...]
Nationally, newly listed homes were down an average of 9.1% in January compared to January 2021. However, homes sale overall are continuing at a rapid pace, spending on average 61 days on the market. Low inventory levels are expected to continue for several months into 2022. © 2022 xpertRealtyMarketing. [...]