The housing market is experiencing significant changes as new listings data shows a notable increase. In 2024, new listings data for the week reached 70,606, a decrease from the 2022 peak of 90,741, which was a 4-year high. In comparison, the 2011 new listing data for the same week was 396,955. Despite the increase in listings, housing prices have not crashed. Experts predict that inventory growth will be capped in the second half of the year, with 'coming soon' homes trending lower. The moderation in rates and improvement in housing supply are expected to lift market sentiment and create opportunities for buyers. However, some experts warn that rising inventory in hot markets could signal trouble. The housing market is slowly recovering from the Pandemic Housing Boom, with months of supply gradually increasing.
The Housing Tide Starts Turning: National Inventory Rose 4% In Q1 2024 https://t.co/2ztTgr4uIQ
Final Look at Local Housing Markets in May and a Look Ahead to June Sales https://t.co/RQ91sh21M8 Note for next month (June sales): There were two fewer working days in June 2024 compared to June 2023 (19 vs 21), so seasonally adjusted sales will be much higher than the NSA… https://t.co/I5aBrEXZNZ
The Pandemic Housing Boom saw months of supply crater—it's slowly recovering My deep dive on months of supply 🏡👇 ResiClub PRO piece (paywall): https://t.co/Bez284mvyH https://t.co/KA49Xcusfp
Rising inventory in some of the nation’s hottest markets signals trouble https://t.co/81AdHBxGXr
More inventory is a good thing for the housing market, not a sign of the apocalypse, @LoganMohtashami writes. He compares the latest weekly data on new listings to the weekly inventory from 2008-2011. #housing #mortgage #RealEstate https://t.co/nhu3wdcbpE
New listings data is growing and prices still aren't crashing https://t.co/bglnk8el09
Here's why it looks like inventory growth will be capped in second half of the year. The "coming soon" set, homes that'll hit the market in July, is notably trending lower, much closer to 2023 seller-drought levels than June 2022 when inventory was still jumping. https://t.co/FZmKlH9nGy
Real estate expert predicts huge changes in the housing market: 'Things are really breaking down' https://t.co/QqZCTQPLqF https://t.co/GhtPlpPx8S
This is to give you all a shorter-term timeline of New Listings Data since this is the seasonal peak period. 2022 New Listings Data this week 90,741 (4-year High) 2024 New Listings Data this week 70,606 Back in stressful times 2011 New Listing Data this week 396,955
The moderation in rates, coupled with recent improvement in housing supply, should lift the market sentiment up and could create an opportunity for buyers to reenter the market before the homebuying seasons peaks. https://t.co/9qxmxUUdLq