The Longest Housing Inventory Decline in History Comes to an End
News Corporation - Class A (NWSA)
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Source: PR Newswire
SANTA CLARA, Calif., Oct. 31, 2018 /PRNewswire/ -- National housing inventory grew by 2 percent, or 25,000 listings, in October after four years of severe inventory declines, according to realtor.com®'s October housing report released today. New listings that hit the market in October were 8 percent cheaper than existing homes for-sale, which may be an early indicator that more affordable inventory is on the way for first-time home buyers. In October, the U.S. median listing price remained at $295,000, a 7 percent increase year-over-year, but lower than last year's 10 percent increase. Homes continued to sell at a relatively rapid pace of 68 days, five days faster than last year. New listings grew 4 percent in October and were on average 8 percent or $25,000 cheaper than existing inventory, and on average 10 percent, or 190 square-feet, smaller. The fastest inventory growth was found in condominiums and townhomes, which are now up 7 percent year-over-year, compared to single family ho
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- 2/7/24 - Beat
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- 4/23/24 - Form 8-K
- 4/22/24 - Form 8-K
- 4/19/24 - Form 8-K
- NWSA's page on the SEC website