Housing shortage could continue until spring

HouseCanary Inc.Market Pulse’s latest report covers 22 metrics derived from listings and compares data between December 2020 and December 2021. Market Pulse is an ongoing review of data and insights proprietary to HouseCanary’s national platform.

“In 2021, the housing market grabbed the headlines as the dwindling supply of homes available to rent and buy pushed properties off the market at record prices across the states. -Unis ”, comments Jeremy Sicklick, co-founder and CEO of MaisonCanari. “Towards the end of the year, the median listing and closing prices of properties in the United States began to deviate from each other, reflecting the significant leverage that sellers often have over. today’s sparse market. “

“As we begin 2022 with a significant resurgence of COVID-19, we can expect the national shortage of homes for sale to persist until spring, pushing home prices further,” adds Sicklick. “Given that the United States remains in a low inventory environment with inflation rates at their highest level in 40 years, it is very likely that this year will result in another double-digit increase in domestic house prices,” our models predicting price growth in the range of 10 to 12%. interval.”

Since December 2020, 3,218,779 new net listings have been brought to market, which represents an increase of 4.6% over the same period in 2020. The percentage of total new net listings over the past 52 weeks , broken down by house prices, was 17.2% for $ 0 to $ 200,000, 40.7% for $ 200,000 to $ 400,000, 21.6% for $ 400,000 to $ 600,000, 13.8 % for $ 600,000 to $ 1,000,000 and 6.7% for> $ 1,000,000.

The percentage change in net new listing activity over the past 52 weeks compared to the same period in 2020, broken down by house prices, was -19.9% ​​for $ 0 to $ 200,000, -4, 5% for $ 200,000 to $ 400,000, + 27.4% for $ 400,000 to $ 600,000, + 41.2% for $ 600,000 to $ 1,000,000 and + 39.0% for> $ 1,000,000.

The monthly volume of new listings for single-family homes decreased by 10.6% compared to December 2020. In December, 139,832 new net listings were put on the market, which represents a decrease of 16.6% from a year to year. For the month of December, the percentage change in the net volume of new listings from December 2020, broken down by house prices, was -28.6% for 0 to 200,000 $, -20.5% for 200,000 at $ 400,000, + 0.8% for $ 400,000 to $ 600,000, -2.8% for $ 600,000 to $ 1,000,000 and -10.4% for> $ 1,000,000.

In the past 52 weeks, 3,448,546 properties have entered into contracts, which represents an increase of 0.6% compared to the same period in 2020. The percentage of total contract volume since December 2020, broken down by price of houses, was 17.7% for $ 0 to $ 200,000, 40.8% for $ 200,000 to $ 400,000, 21.2% for $ 400,000 to $ 600,000, 13.6% for $ 600,000 at $ 1,000,000 and 6.7% for> $ 1,000,000.

The percentage change in contract volume over the past 52 weeks compared to the same period in 2020, broken down by house prices, was -23.4% for 0 to $ 200,000, -8.1% for 200 000 to $ 400,000, + 21.6% for $ 400,000 to $ 600,000, + 38.2% for $ 600,000 to $ 1,000,000 and + 43.2% for> $ 1,000,000.

For the month of December, there were 238,594 contract listings nationwide for single-family homes, representing a 1.1% year-over-year increase. For the month of December, the percentage change in contract volume from December 2020, broken down by house prices, was -10.7% for $ 0 to $ 200,000, -4.3% for $ 200,000 to $ 400 $ 000, + 18.7% for $ 400,000 to $ 600,000, + 16.5% for $ 600,000 to $ 1,000,000 and + 0.8% for> $ 1,000,000.

For the week ending December 31, 2021, the median price of all single-detached home listings in the United States was $ 373,619, a 7.3% year-over-year increase. For the week ending December 3, 2021, the median closing price for single-family homes in the United States was $ 383,395, a 15.1% increase year-over-year. The median price of all single-family listings in the United States is down 2.2% month-over-month, and the median price of closed listings is up 0.3% month-to-month. ‘other.

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