Housing Market Shift still has to release these 30 still tight markets

Housing Market Shift still has to release these 30 still tight markets

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National active home inventory for sale At the end of June of this year, compared by 29% compared to June 2024. That is only 12% below pre-Pandemic level in June 2019. Although the National Huizenmarkt is soaked and the inventory 2019 has surpassed pre-Pandemic level in some bags of the Sun Belt, many housing markets remain much tighter than the national average.

In general, housing markets where Inventaris (ie active entries) has returned to pre-Pandemic levels in the past 36 months experienced a softer/weaker house price growth (or outright decreases). Conversely, housing markets where Inventaris remains far below the pre-Pandemic levels have generally experienced more resilient house price growth in the last 36 months.

Pull out ResicLub’s monthly Inventory TrackerWe have identified the tightest large housing markets on the way to the spring of 2025 season, where active inventory is still furthest in the pre-Pandemic 2019 levels. These markets are where home sellers have retained more power compared to most sellers nationwide.

Many of those tight markets are located in the northeast, especially in states such as New Jersey and Connecticut.

Unlike the Sun Belt, many markets in the northeast and midwest were less dependent on the migration of the Pandemic era and there are fewer new housing projects underway. Met een lagere blootstelling aan de negatieve vraagschok veroorzaakt door de vertraging van de migratie van het pandemische tijdperk-en minder huizenbouwers in deze regio’s die betaalbaarheidsaanpassingen aanbieden zodra de tarieven verrijkt-actieve inventaris in veel noordoostelijke en Midwest-woningmarkten is relatief krap gebleven, met het handhaven van het voordeel van een verkoper in het voorjaar van 2025.

All said that, this cohort loses slowly. In May 32 of the 200 largest house markets in the country of the country still had at least 50% less active inventory than in June 2019. In April there were 37 markets. In March there were 42 markets.

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