RE:Looking at some data According to the weekly housing trends for the week ending July 24, new listings, a measure of sellers putting homes up for sale, was up 9 percent. That is good news for real estate photographers.
Total active inventory continues to shrink, but it’s down 31 percent from this time last year. On the one hand, there are still fewer homes for sale than last year and on the other hand, the gap continues to shrink, getting smaller for the last 16 weeks in a row. This means that low inventory of homes for sale is still a problem, but we’re on pace to see inventories grow before the end of the year. That is also good news.
Time on market was 19 days faster than last year. Homes are still selling fast even as the gap with last year narrows. The typical active listing
hit a record fast pace of 37 days in June.
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