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Effective URL: https://www.mansionglobal.com/articles/the-real-estate-refresh-has-arrived-01652980483
Submission: On August 05 via api from US — Scanned from DE
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Text Content
Skip to main content Mansion Global ‘The Real Estate Refresh Has Arrived’ * * * * * * * * * * AboutAdvertise With Us EnglishEspañol中文 Sign In Mansion Global * News * Top Markets * New Developments * Boutique * More BuyRent MARKET REPORTS ‘THE REAL ESTATE REFRESH HAS ARRIVED’ ACTIVE LISTINGS ROSE 5% LAST WEEK, THE BIGGEST INCREASE SINCE MARCH 2019 By V.L. HENDRICKSON | Originally Published On May 19, 2022 | Mansion Global Save * * * * * * * * * * ACTIVE REAL ESTATE LISTINGS ROSE 5% IN THE WEEK ENDING SATURDAY, THE BIGGEST JUMP SINCE MARCH 2019. Unsplash Active real estate listings rose 5% in the week ending Saturday, the biggest jump since March 2019. Unsplash BuyRent -------------------------------------------------------------------------------- NEWSLETTER SIGN-UP DAILY BRIEFING Delivers the most important property news around the world to your inbox each weekday PREVIEW SUBSCRIBE Your browser does not support the audio tag. Listen to article Length 2 minutes AD Loading advertisement... 00:00 / 02:13 1x This feature is powered by text-to-speech technology. Want to see it on more articles? Give your feedback below or email editors@mansionglobal.com. thumb-stroke-mediumthumb-stroke-medium The supply/demand balance of U.S. real estate is starting to shift. Active listings rose 5% in the week ending Saturday, the biggest jump since March 2019, according to a report Thursday from Realtor.com. “Last week’s housing data showed the real estate refresh has arrived, as active listings posted sizable gains for the first time in three years,” Danielle Hale, Realtor.com’s chief economist, said in the report. “And the year-over-year gap closed rapidly, going from flat to convincingly positive territory in the span of a week.” More: Los Angeles Home of ‘Desperate Housewives’ Producer to Be Listed For $6.75 Million Meanwhile, new listings were up 6% annually, the data showed. Spring is the most active listing season for many communities, and the number of new homes hitting the market tends to peak in May, according to the report. In addition, record-high prices are fueling seller confidence. Indeed, the median listing price for a home was up 15.9% year over year, marking the 22nd straight week of double-digit gains, according to the report. Increased mortgage rates have dissuaded some potential buyers, and the slip in demand is expected to slow price growth, the report said. Last month, buyers across the U.S. faced the lowest level of competition in a year, according to a separate report from Redfin, Mansion Global reported. On the flip side, many feel more urgency, as they expect rates to rise further in the coming year. From Penta: Toyota’s Sporty Supra is Stylish, Fast—and Practical “Buyers continue to face a challenging market, with for-sale homes lagging behind historical levels and asking prices still rising double-digits year-over-year, after hitting yet another record-high in April,” Ms. Hale continued. “Even so, the accelerated change in inventory trends is a welcome one, driven by the combination of more sellers and fewer buyers able to contend with rising housing costs.” Mansion Global is owned by Dow Jones. Both Dow Jones and Realtor.com are owned by News Corp. -------------------------------------------------------------------------------- NEWSLETTER SIGN-UP DAILY BRIEFING Delivers the most important property news around the world to your inbox each weekday PREVIEW SUBSCRIBE UNITED STATES Pause Slideshow Back United States LONG BEACH TOWNSHIP, NJ $13,900,000 United States RALEIGH, NC $5,500,000 United States PARK CITY, UT $16,500,000 United States LONG BEACH TOWNSHIP, NJ $7,799,000 United States BEVERLY HILLS, CA $5,995,000 United States NAPLES, FL $6,950,000 United States LOS ANGELES, CA $5,300,000 United States PARK CITY, UT $5,500,000 United States PARK CITY, UT $8,900,000 United States PARK CITY, UT $8,900,000 United States LONG BEACH TOWNSHIP, NJ $13,900,000 United States RALEIGH, NC $5,500,000 United States PARK CITY, UT $16,500,000 United States LONG BEACH TOWNSHIP, NJ $7,799,000 United States BEVERLY HILLS, CA $5,995,000 United States NAPLES, FL $6,950,000 United States LOS ANGELES, CA $5,300,000 United States PARK CITY, UT $5,500,000 United States PARK CITY, UT $8,900,000 United States PARK CITY, UT $8,900,000 United States LONG BEACH TOWNSHIP, NJ $13,900,000 Next 2/10 Read Next Story Follow Mansion global FacebookTwitterInstagramLinkedIn MANSION GLOBAL About Mansion GlobalAdvertise With UsDigital Self ServiceSign up to Newsletters Global Partners PropTigerRealtorMansionGlobal.jpHousing.comMakaan index All IndexHomes for SaleHomes for RentNews TopicsThe Library Privacy Notice Cookie Notice Your Ad Choices Copyright Policy Data Policy Terms of Use Accessibility COPYRIGHT © 2022 MANSION GLOBAL. ALL RIGHTS RESERVED.1211 AVE OF THE AMERICAS NEW YORK, NY 10036 | info@mansionglobal.com DISCLAIMER: The currency conversion is provided for illustration purposes only. It is meant only as an approximation based on the latest information available and should not be relied upon for any other purposes. We are not responsible for any loss that you may incur as a result of relying on these currency conversions. All property prices are as stated by the listing agent. For the optimum Mansion Global experience, please turn off any ad blockers and refresh this page.