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Mansion Global
‘The Real Estate Refresh Has Arrived’
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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
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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

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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.



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UNITED STATES
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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
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