{"id":18577,"date":"2021-03-08T11:41:34","date_gmt":"2021-03-08T11:41:34","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=18577"},"modified":"2021-03-08T11:41:34","modified_gmt":"2021-03-08T11:41:34","slug":"fewer-homes-for-sale-this-year","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/fewer-homes-for-sale-this-year\/","title":{"rendered":"Fewer Homes for Sale This Year"},"content":{"rendered":"

Fewer Homes for Sale This Year<\/h1>\n
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In Denver, real estate pros are reporting that some listings are seeing more than 100 showings in one weekend<\/a>\u00a0and are then receiving more than 20 offers. Buyers are being told to expect going 20% above the list price if they want a home. Markets across the country are reporting the same.<\/p>\n

The spring homebuying season is expected to be fierce for house hunters.<\/p>\n

Here\u2019s the reason: More than 200,000 new listings have been absent from the U.S. housing market during the first two months of 2021 compared to levels seen over the last four years. Buyer demand is surging and there aren\u2019t enough homes for sale. Inventory woes were common in markets even prior to the pandemic, but they\u2019ve worsened since.<\/p>\n

There are nearly 50% fewer homes for sale this year than last year, according to realtor.com\u00ae\u2019s newly released Monthly Housing Trends Report.<\/p>\n

Extreme winter weather nationwide pushed new listings to a record low in February, and realtor.com\u00ae warns it will be difficult to dig out from the low number of sales this spring.<\/p>\n

What\u2019s more, home buyers are seeing prices quickly rise. The median listing price in February increased nearly 14% over last year to $353,000.<\/p>\n

Real Estate Pros to Homeowners: Don\u2019t Wait to Sell<\/a><\/p><\/blockquote>\n

“Last month’s record cold and snowstorms likely caused sellers to hit pause, even if only temporarily,” says realtor.com\u00ae\u2019s Chief Economist Danielle Hale. “However, in today’s inventory-starved market, any setback is significant. Unless we see some big improvements in the new listings trends over the coming months, buyers can expect stiff competition. And unlike last spring, buyers may also face affordability challenges as home prices and mortgage rates increase. Market dynamics continue to favor sellers.”<\/p>\n

Housing inventories were down annually by the most in metros like Oklahoma City, Okla. (new listings falling 47% annually); Kansas City, Mo.-Kan. (down 45%); Milwaukee-Waukesha-West Allis, Wis. (down 40%).<\/p>\n

The following is a chart of the metros with the largest declines in newly listed homes.<\/p>\n

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\"Metros<\/div>\n<\/div>\n<\/div>\n

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

Fewer Homes for Sale This Year In Denver, real estate pros are reporting that some listings are seeing more than 100 showings in one weekend\u00a0and are then receiving more than 20 offers. Buyers are being told to expect going 20% above the list price if they want a home. Markets across the country are reporting … <\/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-18577","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":"\nFewer Homes for Sale This Year - 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=\"http:\/\/www.anthonydidonato.net\/wordpress\/fewer-homes-for-sale-this-year\/\" \/>\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\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/fewer-homes-for-sale-this-year\\\/#article\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/fewer-homes-for-sale-this-year\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Fewer Homes for Sale This Year\",\"datePublished\":\"2021-03-08T11:41:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/fewer-homes-for-sale-this-year\\\/\"},\"wordCount\":352,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/fewer-homes-for-sale-this-year\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/magazine.realtor\\\/sites\\\/default\\\/files\\\/styles\\\/asset_image_full_content\\\/public\\\/assets\\\/images\\\/3.4.2021_realtor.comdata.png?itok=8gwic3OK\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/fewer-homes-for-sale-this-year\\\/\",\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/fewer-homes-for-sale-this-year\\\/\",\"name\":\"Fewer Homes for Sale This Year - 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