Housing market is keeping pace with continued tight supply and rising prices, new data from HouseCanary shows

SAN FRANCISCO–(BUSINESS WIRE)–HouseCanary, Inc. (“HouseCanary”), a national brokerage firm known for the accuracy of its real estate valuations, today released its latest Market Pulse report, covering 22 metrics derived from the listings and comparing data between March 2021 and March 2022. Market Pulse is an ongoing review of proprietary data and information from HouseCanary.

Jeremy Sicklick, co-founder and CEO of HouseCanary, commented:

“The supply shortage only worsened after the start of the active spring buying season – with little upside for consumers. Since March 2021, the market has seen a decline of nearly 17% in the number of net new listings and a 16% increase in the median closed price of single-family listings. While properties in the $0-200,000 and $200,000-400,000 ranges have seen positive year-over-year increases in net new inventory, they still underperform when it comes to volumes net new listings and contract volumes, demonstrating that affordable homes remain overpriced. reach many families. Comparing trends to historical data, we see that the behavior of the housing market has been anything but normal. Prices are at record highs and continue to rise at a torrid pace due to historically low inventory, buyers’ fears of even higher prices ahead, historically low interest rates, stimulus packages tied to the pandemic and supply chain disruptions. »

Below are selected results from this month’s Market Pulse. Be sure to check out the full Market Pulse for detailed state-level data.

Total net new registrations:

  • Since March 2021, 3,184,484 net new listings have come on the market, representing a 2.5% increase compared to the previous 52 weeks

  • Percentage of total net new listings in the past 52 weeks, broken down by housing price:

    • 0 to $200,000: 16.4%
    • $200,000 to $400,000: 39.5%
    • $400,000 to $600,000: 22.4%
    • $600,000 to $1 million: 14.6%
    • > $1 million: 7.1%
  • Percentage change in net new listings activity in the last 52 weeks compared to the same period in 2021, broken down by housing price:

    • 0 to $200,000: (-19.2%)
    • $200,000 to $400,000: (-7.4%)
    • $400,000 to $600,000: +23.6%
    • $600,000 to $1 million: +34.0%
    • > $1 million: +26.6%

Net monthly volume of new listings (detached single-family homes):

  • The monthly volume of new listings was down 9.3% compared to March 2021

  • In March, 281,271 net new listings came on the market, representing a 16.9% decrease Year after year

  • For the month of March, the percentage change in net new listings volume compared to March 2021, broken down by house price:

    • 0 to $200,000: (-23.8%)
    • $200,000 to $400,000: (-27.5%)
    • $400,000 to $600,000: (-7.8%)
    • $600,000 to $1 million: +0.5%
    • > $1 million: (-3.5%)

Registrations under contract:

  • Over the past 52 weeks, 3,397,710 properties have been contracted, representing a 3.1% decrease compared to the previous 52 weeks

  • Percentage of total contract volume since March 2021, broken down by housing price:

    • 0 to $200,000: 16.9%
    • $200,000 to $400,000: 39.8%
    • $400,000 to $600,000: 22.0%
    • $600,000 to $1 million: 14.2%
    • > $1 million: 7.1%
  • Percentage change in contract volume in the last 52 weeks compared to the same period in 2021, broken down by housing price:

    • 0 to $200,000: (-23.0%)
    • $200,000 to $400,000: (-12.0%)
    • $400,000 to $600,000: +15.8%
    • $600,000 to $1 million: +26.3%
    • > $1 million: +23.2%

Monthly contract volume (detached single-family homes):

  • For the month of March, there were 336,079 contract registrations nationwide, which is a 5.0% decrease year over year

  • For the month of March, the percentage change in contract volume compared to March 2021, broken down by housing price:

    • 0 to $200,000: (-14.3%)
    • $200,000 to $400,000: (-13.8%)
    • $400,000 to $600,000: +8.2%
    • $600,000 to $1 million: +10.6%
    • > $1 million: +2.1%

Median listing price activity (detached single-family homes):

  • For the week ending April 1, 2022, the median price of all single-family listings in the United States was $416,947, a 10.8% increase year over year

  • For the week ending April 1, 2022, the median closed price for single-family listings in the United States was $415,454, a 16.0% increase year over year

  • The median price of all single-family listings in the United States is up 2.4% month-over-month and the median price of closed listings has increased 5.5% month over month

About HouseCanary

Founded in 2013, national real estate brokerage HouseCanary provides consumers, financial institutions, investors and mortgage lenders with industry-leading appraisals, forecasts and transaction support. These clients trust HouseCanary to power acquisition, underwriting, portfolio management, and more. Learn more at www.housecanary.com.

If you are currently working with a real estate agent, this is not intended to be a solicitation of your business.

HouseCanary, Inc. is a licensed real estate broker in KS, NM, SC and under the trade name ComeHome in AL, AK, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KY, LA, MA, MD, ME, MO, MN, MS, MT, NC, ND, NE, NH, NJ, NV, NY, OH, OK, OR, PA, RI, SD, TN, TX , VA, VT, WA, WI, WV, WY.

Trade name ComeHome Real Estate in MI and UT.

Trade name ComeHome by HouseCanary in AR.

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California DRE # 02113022

AVM Disclosure: An AVM is an estimated selling price for a property. It is not the same as the value opinion in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice.

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