New data from realtor.com shows that homes are selling faster now than they were at this time one year ago, as buyers compete for limited inventory in the housing market. Inventories are down 28% from a year ago, while the National Association of Realtors reported last month that existing home sales fell to an all-time
U.S. housing inventory down 20% in February
March 11, 2020 by
February saw noticeably fewer homes come onto the market compared to the previous year, and the lower inventory is fueling price rises across the country. That’s according to realtor.com’s February Housing Trends report, which has economists warning of an especially competitive spring home buying season. All told, housing inventory in the U.S. has fallen by
Experts warn falling inventories could lead to a return to bidding wars
July 10, 2019 by
Bidding wars and faster home sales could soon become the norm again if the latest forecast on home inventories by realtor.com holds true. The report forecasts that the number of homes for sale in the U.S. is set to decline again in the next few months, limiting the bargaining power of buyers until well into
Median list price in the U.S. tops $300K
May 3, 2019 by
April saw the median list price for homes in the U.S. reach a new record high of $310,000, according to realtor.com’s latest housing trend report. It says that listing prices continue to rise even as housing inventories across the nation are growing. “The U.S. median listing price set another record this month, which we expect
Entry-level homes ‘harder to find’ as listing prices tick up
April 9, 2019 by
Realtor.com says the median home listing price in the U.S. topped $300,000 for the first time in history in March, representing a price increase of 7 percent compared to the same period a year ago. “The typical U.S. home list price has set a new high right on the cusp of the spring homebuying season,
Home buyers dismiss recession fears
April 2, 2019 by
A new survey by Realtor.com shows that the threat of an impending recession has done little to deter home buyers. While 70 percent of Americans expect the U.S. to enter another recession in the next three years, most remain optimistic that housing will still perform far better than it did in the 2008 recession. In
