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Housing Market News

Delistings Jump 28% as Sellers Pull Homes Off Market Rather Than Settle For Low Prices

The number of home listings that were pulled off the market rose to a historically high level in September.  Sellers are delisting because so many listings are going stale; many homeowners would rather stay put than accept a low offer. The increase in delistings is propping up home prices.  Nationwide, 5.5% of total listings were […]

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U.S. Luxury Home Prices Jump 5.5% in October, Triple the Pace of Non-Luxury Homes

Luxury home sale prices rose 5.5% year over year to a median $1,278,950, a record high for October. Non-luxury home prices grew 1.8% to a median $373,249. Luxury home sales increased 2.9% year over year, while non-luxury sales rose 0.7%; both remain near decade-low October levels. Luxury inventory climbed 6.4% year over year, compared with

U.S. Luxury Home Prices Jump 5.5% in October, Triple the Pace of Non-Luxury Homes Read More »

Home Prices Post Biggest Gain in 7 Months Despite Slow Demand

Would-be homebuyers are sitting on the sidelines, wary of economic uncertainty and still-high housing costs. A dwindling pool of supply is propping up prices.  The median U.S. home-sale price rose 2.3% during the four weeks ending November 16, the biggest increase in seven months. Sale prices are rising despite slow homebuying demand because total inventory

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The Housing Affordability Crisis Is Accelerating Fastest in Rural America

Rural homebuyers need to earn $75,000 to afford the typical home, up from $36,000 before the pandemic. Suburban and urban areas have also seen affordability erode—but not as severely. The median home sale price in rural areas is up 61% from before the pandemic, compared with a 49% increase in suburban areas and a 46%

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It’s the Strongest Buyer’s Market in Records Dating Back Over a Decade

Home sellers outnumbered buyers by a record 36.8% in October, giving buyers who were in the market room to negotiate.  The number of buyers in the market dropped 1.7% to the lowest level on record aside from the start of the pandemic amid high housing costs and economic uncertainty. The number of sellers dropped 0.5%

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October’s Most Expensive Home Sales Include Adam Levine’s Former Montecito Compound

California and Florida dominated October’s ultra-luxury housing market, with oceanfront estates and celebrity homes going for more than $30 million.  A brand-new oceanfront estate in Delray Beach, FL was the most expensive home sale of October, bringing in $59 million.  It’s followed closely by the former home of Maroon 5 frontman Adam Levine and Behati

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