{"id":17666,"date":"2020-08-17T14:00:44","date_gmt":"2020-08-17T14:00:44","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=17666"},"modified":"2020-08-17T14:00:44","modified_gmt":"2020-08-17T14:00:44","slug":"listings-climb-for-the-first-time-since-the-pandemics-start","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/listings-climb-for-the-first-time-since-the-pandemics-start\/","title":{"rendered":"Listings Climb for the First Time Since the Pandemic’s Start"},"content":{"rendered":"

Listings Climb for the First Time Since the Pandemic’s Start<\/h1>\n
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Buyers are finding greater selection in their house hunt as new listings increase above pre-pandemic levels, according to realtor.com\u00ae\u2019s latest Weekly Recovery Report, reflecting the week ending Aug. 8. The increase in new listings now brings all four major components of housing activity tracked on the index\u2014also including housing demand, asking prices, and pace of sales\u2014above the pre-pandemic baseline of January 2020.<\/p>\n

\u201cSeller confidence has been improving gradually after reaching its bottom in mid-April, and now it appears to have reached an important recovery milestone,\u201d says Javier Vivas, director of economic research for realtor.com\u00ae. \u201cAfter five long months, sellers are back in the housing market; while encouraging, the improvement to new listings is only the first step in the long road to solving low inventory issues keeping many buyers at bay.\u201d<\/p>\n

The realtor.com\u00ae Housing Market Recovery Index reached a reading of 105.6 nationwide for the week ending Aug. 8, 5.6 points above the pre-COVID-19 baseline. The index uses 100 as its baseline period to compare the housing market\u2019s recovery to January 2020, before the coronavirus outbreak hit the U.S.<\/p>\n

While new listings growth has recovered to pre-COVID-19 levels, it still remains down 6% year over year, realtor.com\u00ae reports. \u201cThe small number of homes for sale has been a key limited factor for buyers in the market, so continued recovery in new listings bodes well for home sales in the coming months,\u201d realtor.com\u00ae reports.<\/p>\n

Meanwhile, homes are selling four days faster than a year ago, and median listing prices jumped 9.9% over a year ago, realtor.com\u00ae reports. \u201cThe combination of eager buyers, low mortgage rates, and dwindling for-sale homes set the stage for further price increases,\u201d realtor.com\u00ae notes in its report. \u201cBut the tide could be turning as sellers come back to the market and new construction picks up. This could help price growth move back to a more normal rate of increase.\u201d<\/p>\n

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\u00a9 realtor.com<\/p>

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realtor.com\u00ae<\/a><\/div>\n
\u00a9National Association of REALTORS\u00ae
\nReprinted with permission<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Listings Climb for the First Time Since the Pandemic’s Start Buyers are finding greater selection in their house hunt as new listings increase above pre-pandemic levels, according to realtor.com\u00ae\u2019s latest Weekly Recovery Report, reflecting the week ending Aug. 8. The increase in new listings now brings all four major components of housing activity tracked on … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-17666","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nListings Climb for the First Time Since the Pandemic's Start - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/listings-climb-for-the-first-time-since-the-pandemics-start\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/listings-climb-for-the-first-time-since-the-pandemics-start\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/listings-climb-for-the-first-time-since-the-pandemics-start\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Listings Climb for the First Time Since the Pandemic’s Start\",\"datePublished\":\"2020-08-17T14:00:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/listings-climb-for-the-first-time-since-the-pandemics-start\\\/\"},\"wordCount\":352,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/listings-climb-for-the-first-time-since-the-pandemics-start\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/magazine.realtor\\\/sites\\\/default\\\/files\\\/styles\\\/asset_image_full_content\\\/public\\\/assets\\\/images\\\/2008_DNSI_TOP50Recovery_rcom.png?itok=WdoMn54H\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/listings-climb-for-the-first-time-since-the-pandemics-start\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/listings-climb-for-the-first-time-since-the-pandemics-start\\\/\",\"name\":\"Listings Climb for the First Time Since the Pandemic's Start - 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