Housing market shift: 9 states where inventory is giving buyers …

2 days ago · 9 states are back above pre-pandemic housing inventory levels, according to ResiClub’s monthly housing inventory report. [Map: Lance Lambert, created with Datawrapper] BY Lance Lambert 3 minute read

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These Local Housing Markets Are Shifting—just Look At Inventory

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Dec 2, 2024 · As a result, the heightened demand drained the market of active inventory and overheated prices, with U.S. home prices in September 2024 reaching a staggering 50.9% …

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North Bergen, 07047 2021 Real Estate Market Appreciation

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North Bergen's housing was primarily built during this period, from the '40s through the '60s. A full 33.14% of the township's housing hails from this era. Other housing ages represented in North …

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FAQs about Housing market shift: 9 states where inventory is giving buyers … Coupon?

Which states are seeing a major increase in housing inventory?

The following states are showing the most significant jumps in housing inventory levels, now exceeding pre-pandemic figures: ・ Florida: Major cities like Jacksonville, Orlando, and many coastal markets are seeing more homes on the market. ・ Arizona: Cities such as Phoenix have reported an influx of new listings. ...

Will more housing markets shift to a buyer's market?

As inventory continues to rise, it remains to be seen whether more markets will shift to a buyer’s market. The national housing inventory is still below pre-pandemic levels, but the trend in several key states suggests that buyers now have more options than they’ve had in years. ...

Is the housing market heating up?

Conversely, a rapid decline in active listings could suggest a market that is heating up. Generally speaking, housing markets where active inventory has returned to pre-pandemic levels have experienced weaker home price growth over the past 24 months. ...

Is housing inventory on the rise?

As a result, many prospective homebuyers found themselves in fierce bidding wars, forced to make quick offers and, at times, pay above asking prices to secure a home. However, the situation is changing. According to ResiClub’s monthly housing inventory report, housing inventory is on the rise. ...

Is a housing shortage causing a new edge?

In fact, 9 states are now reporting housing inventory levels that surpass pre-pandemic numbers, giving buyers a new edge in markets that were once dominated by sellers. For much of the past three years, the housing market has been marked by a severe shortage of homes for sale. ...

How has active inventory impacted home price growth over the past 24 months?

Generally speaking, housing markets where active inventory has returned to pre-pandemic levels have experienced weaker home price growth over the past 24 months. Conversely, housing markets where active inventory remains far below pre-pandemic levels have, generally speaking, experienced larger home price increases over the past 24 months. ...