Market watch.
The short answer is a resounding yes. Drone photography and video showcase a home in a way that excites the senses. Buyers get an aerial perspective of the home relative to neighbors and community amenities while learning about the home’s unique features. Therefore, drone photos and videos can significantly boost your listing’s appeal when selling … Read more
Fewer home sellers opted to put their homes on the market in April primarily due to feeling “locked in” with a lower interest rate on their current home than available for purchasing a new home. As a result, even though listing price growth slowed, higher interest rates challenged home affordability for many buyers.
Home inventory growth slowed in March 2023 as fewer sellers put their homes up for sale than in March 2022. The March 2023 inventory increase was 9.3% compared to February’s 13.3% growth. However, experts expect the coming spring housing market to be busier than this past winter.
Home Inventory growth in February accelerated from January’s rate due to homes spending more time on the market. In addition, the number of homes under contract (including pending listings) in February was smaller than January’s decline; this could mean that the housing market is starting to stabilize at a relatively low level of existing home … Read more
The number of homes for sale in January 2023 grew, while the time spent on the market slowed compared to January 2022. However, the growth rate in the total number of homes for sale remained lower than active inventory because fewer homes were under contract last month than in January 2022.
The median home price growth rate slowed in December, dropping below 10% for the first time in 12 months. The national median home list price was $400,000 in December, down from a record high of $449,000 in June. It is the first time that listing price growth has fallen below double digits since December 2021. … Read more
Nationally, November’s inventory of homes actively for sale increased by 46.8% over November 2021. This growth in active listings was the most significant month-over-month increase since May 2022 and the first positive annual home inventory growth rate since June 2019.
In October, the inventory of homes for sale increased by 33% over October 2021. The rate of home inventory growth increased over September and has surpassed 2020 levels. Sellers are less active than last year, and rising interest rates have slowed buyer demand. In October, newly listed homes declined by 15.9% compared to October 2021, … Read more
The September National Housing Market Report finds continued moderation. Homes are selling less quickly than in September 2021. Home inventory growth is stalling, and listing price growth is slowing. The typical home for sale spent 50 days on the market in September, a full week more than last September.
The August housing market report finds home listing prices are down, home inventory is up, and homes for sale are spending more time on the market. Combined, this gives buyers more choices during what is typically the best time of year to buy a home.