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Showing posts with the label housing inventory

Palm Beach Real Estate Charges Ahead in Q2

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Palm Beach Real Estate Q2 Snapshot Palm Beach real estate entered Q2 2026 with several signals of tightening pressure and accelerating deal flow. Median pricing for single-family homes and condos held at $2.2 million, unchanged from Q2 2025, indicating stability rather than retreat. Inventory fell 12% year-over-year to 289 properties, while average days on market slipped to 135. Closed sales were down sharply year-over-year, with sales off 41% in Q2 2026. Supply Strain Deepens These conditions point to constrained market liquidity, with fewer listings available even as properties moved slightly faster. The island’s pricing resilience continued to reflect scarcity, tax advantages, and long-term value perceptions tied to luxury ownership. Recent off-market sales above $30 million underscored how limited inventory continues to intensify competition at the top end of the market. Buyer Profile Holds Firm Buyer demographics also remained important. In the $5 million to $15 million segment,...

New York Luxury Development Market Catches Fire

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Manhattan Luxury Development Hits Q1 Records Scarcity defined Manhattan’s luxury new development market in the first quarter of 2026. Record contract activity collided with the thinnest high-end supply seen in years. Similar to San Francisco’s recent record sale benchmark , the surge highlighted how landmark luxury deals can reset expectations across top-tier markets. Fifty-six contracts above $10 million marked the strongest quarter in a decade. Deals above $20 million jumped 140 percent from a year earlier. Luxury demand accounted for 55 percent of total new development contract volume across Manhattan, Brooklyn and Queens in the quarter. Total sales volume reached $6.2 billion. The average luxury home price set a record at $10.3 million. Supply conditions deepened the imbalance. Only 81 new development units launched, about 75 percent below the ten-year first-quarter average. Available new development inventory fell below 3,000 units for the first time since 2014. The drop undersco...

United States Mortgage Relief Keeps Sales Positive

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Why Existing Home Sales Rose in December Existing home sales climbed sharply in December as lower mortgage rates pulled sidelined buyers back into the market. The 5.1% monthly jump brought sales to a 4.35 million annual pace, the strongest reading of 2025 and the best since February 2023. That increase exceeded economist expectations by more than twofold, signaling a sudden release of delayed demand. Freddie Mac’s 30-year fixed rate fell from 6.8% in mid-2025 to about 6% by year-end. That decline, helped by federal support for mortgage bond purchases, lifted mortgage applications and refinancing activity. Buyer psychology also shifted as falling borrowing costs reduced hesitation late in the year. Even so, broader 2026 conditions still point to a stalling market rather than a crash, as high capital costs and cautious buyers continue to shape activity. Seasonal promotions from sellers and agents likely reinforced urgency, while all four regions posted monthly gains. Single-family homes...

Huntsville Market Enters New Growth Phase

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Is the Huntsville Housing Market Balanced in 2026? At first glance, the Huntsville-area housing market in 2026 appears closer to balance than in recent years. But the data still points to a market that remains competitive rather than fully neutral. Supply dynamics improved as inventory rose from 4,024 to 4,312 in February. New listings also increased year over year. Large-scale regional growth bets such as South Fulton’s 1,300 permanent jobs project highlight how employment expansion can continue to support housing demand across fast-growing Southern metros. Madison County posted 3.8 months of supply in March. A broader four-county review showed 4.8 months in Q1, both pointing to near-balanced conditions. Even so, all price ranges below $600,000 remain in seller-market territory . Demand Keeps Pressure Intact Buyer sentiment remained firm. Pending sales climbed from 1,027 to 1,106 in February. Closed sales also increased. Q1 single-family sales rose 5.7% from a year earlier. Even with...

Alexandria Home Sales and Prices Rise in May

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How Much Did Alexandria Home Sales Rise in May? Alexandria’s housing market accelerated in May, recording 220 residential closings compared with 206 in the same month a year earlier. That amounted to a 6.8% increase in closed transactions. Local reporting also described the market as posting nearly 15% year-over-year growth in overall sales activity. Transaction Trends Signal Stronger Demand MarketStats by ShowingTime, using Bright MLS data released June 10, showed total May sales volume reached $190.6 million. That represented a 14.8% annual gain, reflecting stronger transaction trends across the city. The increase indicated that more homes changed hands in May than a year earlier. The average sales price also climbed to $878,327, highlighting price growth alongside the rise in closings. While buyer demographics were not detailed in the reported figures, the higher closing count pointed to broader participation in Alexandria’s strengthening housing market. What Happened to Alexandria...

United States Buyer Demand Flashes Green, Deals Stir

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Is the U.S. Housing Market a Buyer’s Market? Nationally, the U.S. housing market is shifting away from clear seller dominance, but the data do not yet confirm a full buyer’s market. Inventory has improved, with Realtor.com showing a 17% annual rise in September 2025 and Bankrate citing 4.6 months of supply, up from 3.8. National active housing inventory also rose about 25% year over year, reflecting a broader inventory increase even as supply remains below pre-pandemic norms. Yet that remains below the roughly six-month level usually needed for buyer control. Signals of Growing Leverage Redfin’s March 2026 data showed 1.929 million homes for sale, while median days on market rose to 55. Price drops reached 17.6%, and the sale-to-list ratio slipped to 98.7%. These shifts suggest improving leverage for buyers, helped in some areas by seasonal trends and easing mortgage affordability pressure. Still, national conditions look changing and mixed, with balanced conditions more evident than ...

Wichita Prices Fall, Kansas Buyers Grab Leverage

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What’s Happening in the Wichita Housing Market Wichita’s housing market is shifting as prices send mixed signals and buyers gain leverage. Average home value reached $202,065, up 1.5 percent from a year earlier. At the same time, median sale prices ranged from $235,000 to $240,000 recently, while the median listing price fell 6.4 percent year-over-year to $257,498. Redfin now rates Wichita as Very Competitive , with many homes drawing multiple offers. Similar shifts in other markets, including rising housing inventory , have helped give buyers more negotiating power. Inventory and Pace Signal Change Supply shifts are becoming clearer. For-sale inventory totaled 1,085 homes, while active listings rose to 852 in March and 2,031 citywide, both above prior year. New listings also increased 6.9 percent. Homes went pending in 21 days, yet average selling time stretched to 44 days in February. That combination suggests changing buyer preferences, with shoppers gaining more room to compare opt...

Louisville Home Sales Decline 13 %

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What Does the Louisville Home Sales Decline Mean? Although Louisville sales volumes are slipping year over year, the data indicates a disruptive pivot away from an overheated seller market and toward market normalization. Active listings climbed 29% to 3,468. Sold totals fell 5% to 12%. Meanwhile, the median days on market sits at 45 days , suggesting homes are still moving at a steady pace even as conditions normalize. The region’s broader outlook includes a planned 600-acre development projected to bring 5,000 jobs , which could support future housing demand even as sales cool. Disruption Signals in Pricing and Leverage Prices remain resilient, with average sales near $329,000 and median values around $270,000. Homes are selling about 2% below list, giving buyers more negotiating power despite 52 days on market. New listings also rose 23%, reinforcing a more balanced bargaining environment. For sellers, stricter pricing discipline reduces surprises in appraisal and financing. Tax Imp...

Georgia Housing Starts Fall Unexpectedly

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Why Did Georgia Housing Starts Fall in 2026? Although Georgia remained a long term growth market, housing starts weakened in 2026 as buyer demand fell sharply across key metros. Atlanta metro sales were about 40% below peak, with fewer new families moving in and purchase applications showing limited confidence. Nationally, mortgage rates hovered in the 6%–6.5% range for months, shaping buyer behavior. Demand Shock and Affordability Strain Higher Rates, Lower Confidence Mortgage rates stayed high as single-family affordability hit an all-time low in Georgia. Homeowners held low existing rates, reducing resale supply and keeping prices elevated despite faster cuts. Inventory Glut, Friction, and Builder Pullback Inventory surged across Georgia, forcing incentives and accelerating price cuts in Atlanta at the fastest pace since 2011. In Metro Atlanta, 22,757 listings on the market marked a sharp year-over-year jump, giving buyers more leverage. Permitting delays, labor shortages, and tig...

Huntsville Inventory Swells 19 %

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Huntsville Inventory Up 19%: The Latest Snapshot One figure is reshaping the Huntsville area housing outlook as early 2026 data shows inventory up 19%. The 30-year rate fell to 6.06% as of Jan. 15, the lowest since Sept. 2022. Madison County new single family listings are down 12%, while pending sales are up 23.9%. Disruption Indicators Homes are taking about 63 days to sell, signaling slower turnover. Nationally, foreclosures up 22% year-over-year are adding another pressure point for buyers and sellers watching supply. North Alabama’s average selling price is $342,000, with 2026 gains expected to be limited. New construction added nearly 5,000 units in 2025, and builders report price cuts averaging 5% plus incentives. NAHB projects a 1% rise in new builds for 2026. Neighborhood and Buyer Signals A neighborhood breakdown is important as growth spills into Limestone, Morgan, Marshall, and Jackson counties. Buyer demographics are widening as relocation interest meets 2.3% unemployment...

Salt Lake City Inventory Rises 22 %

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Why Is Salt Lake City Inventory Up 22%? Although new listings in Salt Lake County fell 8.7% year over year, Salt Lake City single-family inventory still rose to 145 homes in January 2026. That’s up 22.9% from January 2025. With mortgage rates declining , buyers may gain purchasing power even as listings accumulate. That increase coincided with 68 days on market, up 21.4%. With homes taking longer to sell, more listings stayed active at month end. NAR projections of lower rates near 6% in 2026 could further improve buyer affordability as inventory builds. Disruption From Slower Closings Closed sales in the county slipped 4.1%, with 621 sales against 1,227 new listings. A slower sales pace can raise inventory without distress, especially while delinquencies remain low. Inventory Builds Despite Lock In Mortgage lock-in kept many owners with 4% or lower rates from listing, tightening overall supply. Even so, seasonal listings and reduced buyer throughput pushed city inventory to 2.0 month...

Jacksonville Home Listings Surge 25 %

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Jacksonville Housing Inventory in 2026: The Numbers Several Jacksonville market indicators shifted sharply in early 2026. Pending sales fell to roughly half of 2021 levels by mid-2025, reinforcing that the market is cooling. Inventory Shock Active listings were 3,476 in Jan 2026, down 6% year over year, after 9,965 in Jun 2025. This measure aligns with Realtor.com’s Jacksonville CBSA Active Listing Count , which tracks the monthly number of active single-family and condo/townhome listings excluding pending. Metric definitions matter, because month-supply and active-count series are not interchangeable. Months Supply Disruption Jan 2026 supply measured 1.97 months locally versus 5.7 regionwide in Northeast Florida. A recent report showed 3.77 months, still seller-market territory, underscoring forecast accuracy risk from mixed sources. Price and Market-Time Pressure The Jan 2026 median listing price was $279,500, down 5.3% year over year, near Zillow’s $281,333 list and $272,333 sale. ...

Las Vegas Investor Purchases Drop Sharply

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Las Vegas Investor Purchases Fell 20%: Why It Matters While investor activity nationally edged up 1% year over year to roughly 52,000 homes, Las Vegas moved sharply in the opposite direction. Investors bought 1,451 homes in the Las Vegas Valley in Q3 2025, a 20% annual drop, the steepest among major metros. Redfin classifies investor buyers using buyer-name keywords like LLC or Inc. along with corporate ownership codes. Market Shock Signals a Reset Fewer Cash Bids A pullback can open listings to owner occupants and first time buyers. This reduces competitive all cash pressure. Price growth moderated without a collapse. With a 35% supply jump and homes sitting 48–60 days, buyers have more leverage than a year ago. That supports neighborhood stability. Fiscal and Street Level Effects Local Impact Lower turnover can temper near term transaction volume. This can reduce tax revenue tied to transfer related activity. Investors often exit first in cooling markets. That shift can heighten vo...

Des Moines Home Values Rise 8 %

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Des Moines Home Values in 2026: Key Stats Five numbers define the latest shift in Des Moines pricing conditions through January 31, 2026. They are $203,014, 0.9%, $295,000, 3,826, and 6. Disruption in headline price signals The Zillow Home Value Index places the average home value at $203,014. That’s up 0.9% year over year. January 2026 median sale price hits $295,000. That’s up 3.5% from $285,000. Median listing price sits near $330,000. Forecasts for 2026 call for 2% to 4% price growth. Mortgage rates are expected to average around 6.3% in 2026. That suggests normalization rather than a surge across housing types. Inventory pressure and market pacing Active listings total 3,826. This includes 20 foreclosures, 2,413 resales, and 1,408 new constructions. Months of supply holds at 6. That inventory level aligns more with a balanced-market shift than a forced-selling crash. Days on market is 68. A 58.95% sale-to-list ratio is shaping price distribution and neighborhood breakdown. What’...