Weekly Housing Trends | Week Ending May 14,2022

 

 

Weekly Housing Trends | Week Ending May 14, 2022

 

Weekly Housing Trends View — Data Week Ending May 14, 2022 The real estate refresh has arrived, as active listings posted sizable gains for the first time in three years. Key Findings:. The median listing price grew by 15.9 percent over last year. New listings–a measure of sellers putting homes up for sale–were up 6% above one year ago. Active inventory moved convincingly into positive territory for the first time since 2019. While last week’s positive inventory improvement rounded to 0%, this week’s data built on that trend in a notable way, leading to the biggest year over year gain since March 2019. Homes spent 6 days less on the market than this time last year. Homebuyers who can act quickly have an edge in a still-competitive market, and this is especially true for those who may be hoping to stand out by offering something other than a larger down payment.