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Market Needs 2.4 Million More Homes for Healthy Supply

Pro Builder

To meet the healthy level of housing inventory, there would need to be 2.4 Realtor.com reported that only 4 out of 381 metro areas or just 1% of metropolitan areas had more active listings in March 2021 compared to one year ago (Odessa, Texas, Urban Honolulu, Midland, Texas, and Harrisonburg, Virginia). Housing Markets.

Metro 52
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Homebuyer Competition Drops to Lowest Level in Two Years

Pro Builder

The nationwide bidding war rate fell below 50% in June for the first time since May 2020 as a result of inflated housing costs pushing a growing number of would-be buyers to the sidelines. of all homes that went under contract that month. ppts) and Honolulu (38.9% In Riverside, CA, 31.9% a year earlier. vs. 74.1%; -35.2

Raleigh 52