"The U.S. housing market is showing clear signs of a post-holiday recovery. Pending home sales climbed to 50,096 new contracts this week, a 25.7% increase from last week's 39,841, as buyer activity rebounds from the typical holiday slowdown. The increase in buyer activity, combined with shifting market dynamics, signals a return to more typical activity levels after the holiday period."
"Relisting rates across major metros reveal varying levels of market friction. High relisting markets: Nashville: 27.5% of listings are relisted Chicago: 22.5% relisted Atlanta: 21.6% relisted Houston: 19.8% relisted Relisting rates above 10% can indicate: Pricing adjustments: Homes cycling through with updated pricing Contract issues: Deals falling through and homes returning to the market Market recalibration: Sellers adjusting to current conditions"
"Coming off the holidays, housing markets typically experience reduced activity as buyers and sellers ease back into the market. This week's 10,255-contract increase represents a substantial week-over-week gain in buyer activity. Key metrics from the latest data: Pending sales: 50,096 new contracts (up 25.7% from the previous week) Absorbed properties: 64,572 homes sold or removed from the market Net market flow: 14,476 more properties absorbed than newly pending National relisting rate: 10.4% of active listings"
Pending home sales climbed to 50,096 contracts, a 25.7% increase from the prior week's 39,841, reflecting a post-holiday rebound. Absorbed properties totaled 64,572, producing a net market flow where 14,476 more homes were absorbed than newly pending. The national relisting rate stood at 10.4% of active listings, with several metros showing substantially higher relisting. High-absorption metros include Dallas-Fort Worth (2,188 absorbed vs. 1,524 new pendings), Houston (2,027 vs. 1,395), and Atlanta (1,695 vs. 1,167). More balanced markets include Kansas City (512 pendings vs. 460 absorbed) and Washington, D.C. (509 absorbed vs. 513 pendings). Elevated relisting rates point to pricing adjustments, contract fall-throughs, and seller recalibration.
Read at www.housingwire.com
Unable to calculate read time
Collection
[
|
...
]