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Days on market grow despite low inventory for existing homes

Housing Wire

The Federal Reserve wanted to see the bidding wars end and the days on the market grow. This is happening, and in the long run, this is a plus for the housing market. I am staying consistent with my work and model when I described the housing market in February as savagely unhealthy. million in October. months to 3.3

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Will ‘days on market’ become the industry’s next big debate?

Real Estate News

Defining days on market is not as simple as it may seem, and leaders have different views on how DOM ties into transparency, consumer interests or even fraud.

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Did home sales momentum fizzle in December?

Housing Wire

Inventory fell There are 635,000 single-family homes unsold on the market now. fewer homes on the market that a week ago. The total number of unsold homes on the market to start 2025 is just 18% fewer than at the start of 2018, seven years ago. Inventory falls quickly over the holidays, so this week has 2.4%

Sales 448
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Compass invites outside agents to use Coming Soon listings in latest shot at CCP

Housing Wire

Compass says that the listings protect home sellers against negative insights, such as days on market. We are working to ensure that NAR and the MLS no longer force homeowners to market their properties in ways that disadvantage them. Coming Soon is part of Compasss three-phase marketing plan for homes.

Agents 374
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The future of the MLS may be murky, but brokers still want the data

Housing Wire

As he has previously stated, Reffkin highlighted data such as days on market and price drop history, which is typically displayed alongside all listings in the MLS, as being problematic and harmful to home sellers. “I I believe days on market is the killer of value. The MLS is so incredibly pro-consumer. “The

MLS 370
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Will rates allow for ‘peak’ homebuying season?

Housing Wire

The thing to keep in mind for the housing market as we roll into March is that mortgage rates have been easing down. The 30-year fixed mortgage has followed suit, recently falling as low as 6.75%, the lowest level since mid-December. Our weekly pending home sales data continues to run about 3% below last year. Thats a pretty notable swing.

Sales 374
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The unexpected strength of home prices this year

Housing Wire

As a result, we’re now only 21% fewer homes on the market than this point in 2019. Last year, the unsold inventory was piling up each week; this year the market is much more stable. Overall, the days spent on market is 24% higher now than a year ago. 66 vs. 53 days. Affordability is not catching any break.

Mortgages 476