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
Listing prices hit record high in July
August 3, 2020 by
The ongoing coronavirus pandemic has done little to stem interest in the housing market. Home prices across the U.S. continue to accelerate, and last month they moved into uncharted territory as the national median listing price reached $349,000 in July – a record high. That’s according to Realtor.com’s latest Monthly Housing Trends report, which noted
24% of consumers embrace virtual home buying
April 23, 2020 by
Real estate professionals might be forgiven for thinking the coronavirus pandemic would hit their businesses hard, but instead, it seems that consumers are more than willing to embrace online listings, detailed photos and virtual tours of the homes they’re interested in. In fact, many are quite willing to put down an offer on a home,
Home inventory falls amid coronavirus outbreak
April 8, 2020 by
The amount of homes listed for sale in the U.S. during March fell by around 15.7% year-over-year, according to new data from realtor.com that illustrates the impact of the coronavirus pandemic. Still, the market isn’t entirely unhealthy, as the national median listing price was up 3.8% to $320,000 during the month. And those homes that
Realtor.com launches noise indicator to help home buyers
March 14, 2020 by
Price, schools, commute times, crime rates and noise levels are the most important factors to consider when shopping for a new home, according to surveys of consumers by realtor.com. The first four are easy enough to determine from reports, but when it comes to noise levels, it’s tough for the average buyer to get any
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
Buyers set to struggle as U.S. housing inventory hits record low
February 13, 2020 by
Housing supply in markets across the country is in extremely short supply, so much so that home buyers may well find it difficult to find a suitable property this spring. Indeed, the country’s existing housing supply declined by its steepest year-over-year decrease for 4 years in January, falling by 13.6%, according to realtor.com. The supply
Experts forecast big month for home sales in January
January 5, 2020 by
The home shopping season will get into gear earlier than expected this year, due to a combination of low mortgage rates, low unemployment and higher wagers, experts say. January is traditionally a month that sees lots of home buying activity, an indeed in recent years it’s tended to have the second-most number of listing views,
Economists say January will be a busy month for home buying
December 20, 2019 by
Economists from realtor.com are forecasting a lively housing market in January, saying they expect a surge in the number of home buyers looking for properties online. One of five of the largest metros saw their highest number of listing views online in January 2019, realtor.com’s report notes. The analysis is based on average monthly views
Realtor.com warns of lower housing inventories
August 15, 2019 by
A report from realtor.com suggests that housing shortages are likely to get worse over the next year. The blame is being placed on a “housing shift” that will result in less homes being listed for sale, making it tougher for buyers to find a suitable home, even though the current low mortgage rates mean that
