Realtor.com October Housing Report: Number of homes for sale surpasses 2020 levels
Posted in Newport County , Real Estate , Rhode Island In October, the national inventory of active listings grew 33.5% year-over-year to a two-year high; affordability challenges continued to drive home shopper interest in relocating in Q3 kitchen island and barstools Photo by Pixabay on Pexels.com The U.S. supply of for-sale homes hit a milestone on the road to recovery from the shortage of the past two years in October, as active listings soared 33.5% year-over-year to the highest level since 2020, according to the Realtor.com® Monthly Housing Trends Report released today. There’s also a takeaway for sellers in these areas – on a well-priced home, you could still see strong interest from these out-of-towners.” October 2022 Housing Metrics – National MetricChange over Oct. 2021Change over Oct. 2020Change over Oct. 2019Median listing price13.3% (to $425,000)21.8 %37.1 %Active listings33.5 %2.8 %-37.6 %New listings-15.9 %-23.1 %-16.3 %Median days on market6 days (to 51 days)5 days-18 daysShare of active listings10.3 percentage points10.7 percentage points3.9 percentage pointsInventory recovery accelerates amid higher rates and moderating demand In October, the U.S. supply of active listings grew at a record-fast1 annual pace and surpassed 2020 levels for the first time, even as new sellers declined year-over-year for the fifth consecutive month. VP Harris fights for Democrats’ future —and her own Ruby Brown beamed with excitement in a community college gymnasium as she waited for Vice President Kamala Harris to take the stage at a political rally for the Democratic ticket in Massachusetts Magic of Lights returns to Gillette Stadium Nov. 18 – Dec. 31 Dazzling drive-through holiday lights experience returns to Gillette Stadium for the last time ever Nov. 18 through Dec. 31 600 low-income, unhoused Rhode Islanders will receive a RIPTA No Fare Bus Pass under a new six-month pilot program On October 19, 2022, the RIPTA Board of Directors voted to create a pilot program that will span six months and give 600 passes to agencies that service low-income, including unhoused, individuals.
