New Listings Rose To Highest Level In 17 Months In February
New inventory was also up 14.8 percent year-over-year, the largest annual gain since May 2021
New inventory was also up 14.8 percent year-over-year, the largest annual gain since May 2021
In 2023, an additional 1.7 million households formed, resulting in a total of 17.2 million new households between 2012-2023
The new data point marks the largest jump in inventory in nearly three years
The highest share of any quarter on record is 34.5 percent in the first quarter of 2022
The Sunshine State led all others with a nearly 27 percent increase in year-over-year active listings
The average 30-year-fixed mortgage rate fell to 6.82 percent in December from 7.44 percent in November
The stat marks a fall from the record high of 93 percent in 2022
The average 30-year-fixed mortgage rate declined every week in November after hitting a 23-year high of 7.79 percent
Also, housing payments have declined for the fifth week in a row, down more than $150 from peak in August
The median sale price of non-luxury homes climbed 3.3 percent to $340,000, also a Q3 record
© 2023 California Listings, Inc.