The housing market is experiencing significant fluctuations in inventory levels across various regions, with a notable decrease in active housing inventory compared to pre-pandemic levels. Greater Boston's active housing inventory has decreased by 54%, Providence by 72%, and the Greater Hartford area by 80%. Despite a week-over-week decrease of 0.9% in inventory due to the Easter holiday, there has been a year-over-year increase of 24.6%. The Easter holiday has also led to a temporary slowdown in the expansionary trends of the 2024 housing market, including declines in new listings, active inventory, and new sales rates. However, the residential real estate market showed signs of improvement in February 2024, with most housing indicators suggesting a positive outlook for the remainder of the year.
An Update on the House Price Battle Royale: Low Inventory vs Affordability https://t.co/61APPb5RbQ
The residential real estate market exhibited signs of improvement in February 2024, with most housing indicators suggesting a promising outlook for the remainder of the year. https://t.co/SIgY1KrN39
Latest housing market data! Most of the expansionary trends of the 2024 housing market took a breather last week with the Easter holiday. New listings and active inventory declined as did the new sales rates. Since Easter was later in April a year ago, next week’s Altos report…
Housing April 8th Weekly Update: Inventory down 0.9% Week-over-week due to Easter Holiday, Up 24.6% Year-over-year https://t.co/MiXEnTMFba https://t.co/chgNkLcuxS
Greater Boston’s active housing inventory is down 54% from pre-pandemic inventory levels. Providence is down 72% and the Greater Hartford area is down 80% from pre-pandemic inventory levels. 📊 @ResidentialClub @NewsLambert https://t.co/rsXrzncLzK