Inventory drops another couple percent this week. Only 344,000 houses on the market *in the whole country*.
No bottom in sight yet. Thousands of homes going directly into contract bypassing the active inventory numbers altogether.
2/5
No bottom in sight yet. Thousands of homes going directly into contract bypassing the active inventory numbers altogether.
2/5
Prices are up 10% year over year. This massive price appreciation seems likely to continue for the whole year. Median home price in the US is $345,499 this week.
YoY price changes will jump in a month when the first 2020 lockdown comparisons kick in.
3/5
YoY price changes will jump in a month when the first 2020 lockdown comparisons kick in.
3/5
You can really measure the insane levels of demand by tracking percent of the market with price reductions. Normally 30-35%, demand has been high in recent years.
Now everything is going so fast, with multiple offers, nationwide, only 18% need a price cut
4/5
Now everything is going so fast, with multiple offers, nationwide, only 18% need a price cut
4/5
Weekly @altosresearch video with the US real estate details is here:
5/5
(Zoom recording bug, so you don't get to see my smiling face this week. Will try to fix for next week🤷♂️)
5/5
(Zoom recording bug, so you don't get to see my smiling face this week. Will try to fix for next week🤷♂️)
Plug: If you're a Realtor, visit AltosResearch.com and book a demo to work with our team on how you can use data in your business. People need your help now more than ever!
6/5
6/5
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