by Danger calculated on 27/11/2022 10:20:00
actual property agent.com has month-to-month and weekly information on the resale market. Right here is their weekly report launched in the present day by Chief Economist Danielle Hale: Weekly View of Housing Tendencies — Information week ending November 19, 2022. Observe: They’ve information on listing costs, new listings, and extra, however the focus is on stock.
• Energetic stock continued to develop, rising 49% from a 12 months in the past. Inventories accelerated once more, recording a sixth consecutive week of progress within the annual development at round 2% or above – on this case, virtually double.
• New listings – a measure of sellers placing houses up on the market – fell once more, falling 17% from a 12 months in the past. It is a twentieth straight week of year-over-year decline within the variety of householders placing their houses up on the market, a tangible reflection of the continued decline in sellers’ confidence.
Here’s a graph of the change in shares from one 12 months to the subsequent in response to actual property agent.com.
Observe the fast improve in YoY change earlier this 12 months, from a 30% decline firstly of the 12 months to a 29% YoY improve in early July.
Then Realtor.com information has stalled round 26% to 30% YoY for 14 straight weeks. That is defined by the slowdown in new listings, although gross sales had fallen sharply.
Now, annual stock is rising once more with even greater mortgage charges, suggesting that gross sales are extra essential than new listings.