Weekly Market Activity Report

Weekly Market Activity Report
For the first time in 9 months, the number of weekly new listings coming on the market was actually higher than it was a year ago. The 1,641 new homes on the market during the week ending August 29 represent a 3.3 percent increase from a year ago. The slight year-over-year uptick is due in part to growth in the number of new, traditional, non-lender-mediated listings.
For the most recent reporting week, the number of brand new traditional listings (excluding re-lists that have already been on the market sometime in the last 12 months) has grown 20.3 percent compared to a year ago. Home sellers are becoming more active, likely in response to the increase in home sales seen throughout the year.
And if you look at three of our newly updated metrics, it becomes obvious why more sellers are jumping in:
• Days on Market Until Sale – 133 days, a drop of 7.1 percent from a year ago.
• Percent of Original List Price Received at Sale – 94.1, up 1.5 percent from a year ago.
• Supply-Demand Ratio – 5.46 homes per buyer in September, down 30.3 percent from a year ago.