Housing Market News

January is shaping up to be the most competitive month in housing history.

Home prices were up 14% and pending sales rose 4% from a year earlier despite a record low number of homes for sale.

A dip in new listings contributed to the ongoing supply shortage as home prices hit another all-time high. The median home sale price rose 14.6%

The number of homes for sale fell to an all-time low, down 25% from a year earlier.

The number of homes for sale fell to an all-time low, down 25% from a year earlier.

However, homebuying demand may be slowing down as winter approaches.