{"id":19257,"date":"2021-08-11T11:48:15","date_gmt":"2021-08-11T11:48:15","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=19257"},"modified":"2021-08-11T11:48:15","modified_gmt":"2021-08-11T11:48:15","slug":"rise-in-affordable-listings","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/rise-in-affordable-listings\/","title":{"rendered":"Rise in Affordable Listings"},"content":{"rendered":"

Rise in Affordable Listings<\/h1>\n
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Housing inventory is increasing with an uptick in more affordable homes, which could lead to a possible door opening for more first-time buyers<\/a>. New listings rose 6.5% in July, marking the fourth consecutive month for annual increases, according to realtor.com\u00ae\u2019s Monthly Housing Report.<\/p>\n

\u201cJuly housing trends show a market still working its way back toward some version of normal,\u201d said Danielle Hale, realtor.com\u00ae\u2019s chief economist. \u201cThe feverish pace of home sales is beginning to follow historical seasonal patterns, while new listings grew at an unusually high rate for the summer months, further helping the inventory crunch. This is shifting the housing market balance in a more buyer-friendly direction, but buyers may not see much price moderation as suggested by the national trend because it\u2019s partly attributed to a shift toward smaller homes for sale.\u201d<\/p>\n

Nevertheless, Hale says that if the change in housing inventory levels continue, \u201cwe could see a wave of real estate activity heading into the latter part of the year.\u201d<\/p>\n

More than half of the nation\u2019s 50 largest metros posted double-digit gains in new listings, led by Columbus, Ohio (up 42.9%); Baltimore (up 36.9%); Cleveland (up 35.8%); Milwaukee (34.3%); and Richmond, Va. (up 30.1%). The largest increases in new listings occurred in the Midwest (up 19.8%) and the West (up 11.3%), according to realtor.com\u00ae\u2019s report.<\/p>\n

The report notes that new listings remain below a typical 2017\u20132019 market, down 9.5%, but more sellers are starting to enter the market as they realize the price gains for their homes.<\/p>\n

List Prices Moderating?<\/strong><\/p>\n

The national median listing price in July was $385,000, a 10.3% increase year over year. However, prices are showing signs of moderating\u2014June\u2019s growth rate was 12.7% annually.<\/p>\n

Twenty-two of the 50 largest markets posted lower median listing prices in July compared to a year ago. Still, economists attribute that to the uptick in smaller, more affordable housing inventory.<\/p>\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":"

Rise in Affordable Listings Housing inventory is increasing with an uptick in more affordable homes, which could lead to a possible door opening for more first-time buyers. New listings rose 6.5% in July, marking the fourth consecutive month for annual increases, according to realtor.com\u00ae\u2019s Monthly Housing Report. \u201cJuly housing trends show a market still working … <\/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-19257","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":"\nRise in Affordable Listings - 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\/rise-in-affordable-listings\/\" \/>\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\\\/rise-in-affordable-listings\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/rise-in-affordable-listings\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Rise in Affordable Listings\",\"datePublished\":\"2021-08-11T11:48:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/rise-in-affordable-listings\\\/\"},\"wordCount\":324,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/rise-in-affordable-listings\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/rise-in-affordable-listings\\\/\",\"name\":\"Rise in Affordable Listings - 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