Regional Housing Trends May Tell the Bigger Story
Tomorrow’s Existing Home Sales report may provide a much different picture depending on where you live. National headlines often focus on overall sales numbers, but inventory levels and how quickly homes are selling can vary dramatically across different parts of the country.
Here in Concord, CA, I recently spoke with a local real estate professional who said many homes are still moving quickly, sometimes within a couple weeks and occasionally with multiple offers.
At the same time, uncertainty around pricing, affordability, and mortgage rates continues affecting many buyers and sellers, including families trying to decide whether now is the right time to enter the market.
My daughter, for example, has considered future timing carefully before eventually putting her home on the market. Pricing, affordability, and the overall direction of the housing market are all part of the conversation for many families right now.
Tomorrow I’ll update this post with regional comparisons showing:
- housing inventory
- how long homes remain on the market
- differences between the West, Midwest, South, and Northeast
Stay tuned for tomorrow’s updated housing charts and analysis.
Regional Housing Market Snapshot (Update Coming Tomorrow)
| Region | Housing Inventory | Average Time on Market |
|---|---|---|
| West | Updating Tomorrow | Updating Tomorrow |
| Midwest | Updating Tomorrow | Updating Tomorrow |
| South | Updating Tomorrow | Updating Tomorrow |
| Northeast | Updating Tomorrow | Updating Tomorrow |
Tomorrow I’ll update this section with the latest regional housing data following the Existing Home Sales report release.
Helpful Housing Market Links
National Association of Realtors (NAR)
https://www.nar.realtor/
Existing Home Sales Data
https://www.nar.realtor/research-and-statistics/housing-statistics/existing-home-sales
Realtor.com Housing Market Trends
https://www.realtor.com/research/
Zillow Research and Housing Data
https://www.zillow.com/research/
Redfin Housing Market Data Center
https://www.redfin.com/news/data-center/
Freddie Mac Mortgage Rates
https://www.freddiemac.com/pmms
Thank you for visiting Good Eye Mike.
Willie and I appreciate every reader more than you know. Have a great week wherever you are!