First real estate data for the new year is in!
Available inventory is of course still the story. We're starting the year with just 419,000 homes one the market. Last year was 763,000. It wasn't that long ago when we'd start the year with 1 million or more active inventory.
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Available inventory is of course still the story. We're starting the year with just 419,000 homes one the market. Last year was 763,000. It wasn't that long ago when we'd start the year with 1 million or more active inventory.
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New Years' is always the lowest listing volume and this year we're at just 23,000 new listings. That'll jump this week. Fingers crossed that inventory follows a more normal pattern this year so we can meet some of the demand out there.
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US single family home prices ended 2020 up 10% over 2019. Unreal. Like all the booming financial markets, real estate remains unhindered by any pandemic negative impact. Keep an eye on the gray line here for the steep jump that'll happen next week.
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This week's video has all the details:
The @AltosResearch YouTube channel has been such fun to run this year. Stop by and subscribe to make sure you don't miss the data every week.
The @AltosResearch YouTube channel has been such fun to run this year. Stop by and subscribe to make sure you don't miss the data every week.
We're doing our monthly webinar next week. Wednesday January 13. Deep data details, local and regional looks, plus the latest on forbearance and risk analysis.
Register for the January Webinar: bit.ly/jan21-altos-we…
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Register for the January Webinar: bit.ly/jan21-altos-we…
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