What’s the Latest Housing Stats?

What’s the Latest Housing Stats?

As we start to move into the second half of 2024, Buyers and Sellers, are you curious to know the latest housing stats? Let me give you your National Market Update!

Hi, I’m Tanja Odzak, eXp Realty, I help people sell and buy homes right here in the East Bay!

According to Realtor.com, mortgage rates are currently pushing a bit upward, however purchase demand remains steady. To help buyers with the frustration of the uptick in rates, home prices fell a bit in April with the median home price down about 1.1% compared to this time last year. We are still seeing an increase in Inventory with 13.5% new listings on the market nationally. This increase in inventory is also helping buyers battle affordability challenges with more properties to choose from to make an offer. Along with the pent up buyer demand over the last year, there are also pent up sellers wanting to move. Realtor.com is reporting 80% of homeowners have been thinking of selling for the last 1 to 3 years. Those that need to sell are no longer holding off and listing their home despite having to move into a higher mortgage rate on their next purchase. In addition, we are starting to see an influx of smaller, lower priced properties hit the market to help offset the higher priced homes. In some regions, we are seeing multiple offers and shorter days on market especially on the West Coast. Overall, the national market continues to remain on a seesaw with its ups and downs and mortgage rates still the wild card. 

If you would like more information on East Bay housing data, Call me today and let’s talk about it. I’m a seasoned East Bay expert with a 5-Star rating. I’ll help you navigate the market and make it happen, whether that’s selling or buying or both! 

And if you or someone you know needs to sell a home, ask me about my home-selling plans.. I took the pain out of negotiating with a Realtor and made it SUPER simple. Really!  Choose Silver, Gold, or Platinum- Pick your Plan and Pick your Price. Terms do apply. I’m Tanja and I sell homes. Let’s get you going, Call me today!

I’m a Top Producing Realtor® in the OAKLAND / BERKELEY / EAST BAY AREA. I’ve been in the San Francisco East Bay Area since I came up to do my undergrad at UC Berkeley (a long time ago!), with a short stint at UC Davis while getting my Master’s. I take my duties as a Realtor® and Fiduciary very seriously, I enjoy educating my sellers and buyers along the way. Putting People, Before Profit. 

Why not check out one of my no-obligation, online, On-Demand, virtual Real Estate Seminars?



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