Posts from: Equity Checkup

 March 2023 at a glanceLow inventories kept March sales low and contributed to strong price pressure over the past 12 months. Existing home sales fell 23.6% between March 2022 and March 2023, whereas the median home price rose 6.9% to $272,500 over that 12-month…

 November 2022 at a glanceFor a second straight month, existing home sales fell by a substantial margin due to a combination of falling demand and ongoing weakness on the supply side. November home sales slid 31.7% compared to November 2021. Although demand moderated…

 October 2022 at a glanceHome sales fell in October by the largest margin all year as mortgage rates approached 7% and inventories continued to fall relative to 12 months earlier. Existing home sales slid 28.1% compared to October 2021. Tight inventory levels continued…