Active home inventory by state - current vs 2018/2019

[SC Maintenance]

Ineresting map - to me at least.

Explains some of the constant disagrement in home price direction. Depending on where you live you could see great supply constraints or supply gluts. All real estate markets are local.

I follow this analyst for stock market data - he normally covers equities in general, which is nice because its not the normal realtor cheerleading - just facts.

Source:

 

[thastinger]

Is "active inventory" houses for sale? Is it single family detached only?

 

[SC Maintenance]

Is "active inventory" houses for sale? Is it single family detached only?

I believe "active" listings are those single family homes (Detached, condo or townhome) currently available for sale. I believe contingent / pending are not counted.

 

[Speedbird001]

So, the greens = less supply = higher prices and/or faster sale correct?

Would be nice to have some more data like @thastinger mentioned (Also $)

I wonder how 30yr mortgage rates come in to play here? (I know families who are ready to move, but staying put because the rate driven new mortgage just blows out any gains from the sale and makes the new payment unaffordable.

FWIW: I was forced to sell and buy in '23 and it REALLY stings (Fingers crossed rates go under 5% within the next next few years)

 

[SC Maintenance]

So, the greens = less supply = higher prices and/or faster sale correct?

Would be nice to have some more data like @thastinger mentioned (Also $)

I wonder how 30yr mortgage rates come in to play here? (I know families who are ready to move, but staying put because the rate driven new mortgage just blows out any gains from the sale and makes the new payment unaffordable.

FWIW: I was forced to sell and buy in '23 and it REALLY stings (Fingers crossed rates go under 5% within the next next few years)

I presume the overlays your asking would be in his paid research - don't know. You can see it anecdotally in the headlines - price cuts in parts of Florida and Texas but not really anywhere else.

I believe the reventure app might also give it to you - but I have not tried it ($40 a month). I would pay if I were actively looking to buy.

If the NAR were such a benevolent controller of the information they would publish it

You might get your refi opportunity before the end of the year - but it will likely be a very short window. Its likely not going anywhere near where it was years ago though, without a massive recession and the fed goes back to buying MBS's. Given they want to IPO freddie and Fannie, I would say its going the other direction longer term.

 

[thastinger]

I believe "active" listings are those single family homes (Detached, condo or townhome) currently available for sale. I believe contingent / pending are not counted.

Well, they don't hardly build single family homes in Va anymore unless it is a custom house on your land. Everything being built around here is the massive 4 or 5 story condo or rental complexes that have retail on the ground level.

 

[Boomer]

By golly, everyone is leaving Texas and moving to Pennsylvania!!! We will soon be overrun with Amish cowboys!

 

[Zee09]

Funny in this area of Florida the inventory really disappeared. Actually much of it sold and I didn't expect that.

 

[SC Maintenance]

Funny in this area of Florida the inventory really disappeared. Actually much of it sold and I didn't expect that.

This is Ocala?

 

[rijndael]

There is also a game or two being played with listings and all of the upheaval in the MLS.

A lot of sales around me are private listed, or have a "coming soon", and go straight to sold.

 

[Zee09]

This is Ocala?

Palm Coast Fl
Just south of St. Augustine

 

[gfh77665]

A significant number of homeowners in my area have listed their homes not because they have a compulsion to sell out and move, but to "cash in" after property values have soared. If they get someone to bite, fine, they make a lot of profit, if not, that's fine too because they are happy where they are. People are certainly not fleeing TX.

 

[SC Maintenance]

A significant number of homeowners in my area have listed their homes not because they have a compulsion to sell out and move, but to "cash in" after property values have soared. If they get someone to bite, fine, they make a lot of profit, if not, that's fine too because they are happy where they are. People are certainly not fleeing TX.

I doubt anyone is fleeing. There is pretty good indication they have over-built in specific areas. Same with Florida.

How would one "cash in" if they were going to simply have to purchase another place to live? I have never understood this. Are they planning to rent for a while or something?