Market Trends

Is The Housing Market Finally Improving for Buyers After the Pandemic Rush?

Market Video Report - By Yahoo! News

Prices were stable in more than 400 US metropolitan areas covered by the data, 0.2% from the four weeks up to 25 July.

The median sale price stands at $362,1750, 18% more year-over-year, indicative of the rush of homebuyers looking to snap up property with more space.

The number of homes being listed increased by 1.9% compared to the four weeks ending 25 July and active listings increased 13% from their 2021 low hit.

The market may be stabilizing, but 54% of homes still sold above the asking price, increasing year over year from 30%.

The average home sold for 2.1% above its list price, some 3.1% points higher than a year earlier.

The top competitive cities are:

  • Littleton-Aurora-Denver in CO
  • Tacoma-Spokane in WA
  • Sacramento, CA
  • Colorado Springs
  • Riverview, FL
Show More

Academy Content Team

roomvu Academy content team consists of authors who bring you the best in real estate marketing.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button