• Listing Prices Increase But a Market Slowdown Is in Sight

    1 month ago - By RIS Media

    Softening and market slowdown are the new emerging keyphrases for where the housing market is headed. More sellers are coming onto the market, slowly addressing the inventory challenge and slowing home price growth, according to the latest Weekly Housing Trends report from realtor.com®.
    Key findings:
    - The median listing price increased 10.3% YoY-the 50th consecutive week of double-digit growth
    - New listings are up 9%
    - Total active inventory is down 31% YoY
    - Days on market is 19 days faster than last year
    “We had expected July to bring some relief from higher home prices, but growth has...
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