Current Market Data
During the week, Realtors entered 2,361 properties into the Multiple Listing Service, a slight increase from the 2,297 properties entered the same week in 2021.
A report from Redfin shows that 29% of single-family homes for sale in the U.S. were new constructions in the third quarter of 2022.
Per HAR’s report, new listings are down 4.7% year-over-year. However, the number of active available listings has increased by 68.7% since November 2021.
Homebuyer demand is rising as mortgage rates continue to decline, according to a new Redfin report.
Condominium and townhome sales have stabilized in Texas, according to the Texas REALTORS® 2022 Texas Condominium Sales Report.
New residential listings continued to trail last year’s numbers in the most recent Weekly Activity Snapshot from the Houston Association of REALTORS®.
Data from the PEW Trust shows that investment companies make up approximately a quarter of the entire single-family home market across the U.S.
October’s 4.6% monthly drop follows a 10.2% decline in September, the National Association of REALTORS® reported.
Housing prices were down in all 20 cities tracked by the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index.
New-home sales rose 7.5% month over month, while the median price of a new house surged to $493,000 from $455,700 in September and $427,300 a year ago, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.
That wasn’t the only good news as the end of the month neared.
Many of the most expensive listings in Texas from the month of November are located in Houston, according to data from Texas Multiple Listing Services.
New listings tend to dip into the negative territory around the holidays, as consumers are busy with preparations.
If inflation continues to cool, the historic slowdown could ease.
The pace of new single-family home sales, meanwhile, fell 6.1% from September to 598,000.
The median existing-home price rose for the 128th month in a row, extending its record-breaking streak of increases.