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Home Listings | Beach Road Realty Inc Blog

Monday, January 15, 2024   /   by Richard Eimers

GOOD NEWS FOR HOMEBUYERS: MORE OPTIONS AND QUICK SALES

During the holiday season, while we heard the festive jingles, another sound was resonating - the joyous clinking of keys for newly bought homes. The latest report from Realtor.com® reveals that in December, home shoppers had a whopping 33,251 more real estate listings compared to the same month last year. This marks the second consecutive month of increased homes for sale after a 17-month period of dwindling inventory.

The positive trend includes a 4.9% annual increase in overall inventory, with a significant 9.1% surge in new listings. These fresh options provide a welcome boost to the housing market.

The increase in listings can be attributed to falling mortgage rates. After 17 weeks above 7%, rates dropped below 7% in mid-December, reaching a low of 6.61% on Dec. 28. Lower rates encourage homeowners to explore the market, breaking the trend of staying put due to existing low mortgage rates.

Despite the encouraging numbers, active inventory is still 36% below levels see ...

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Beach Road Realty Inc
Richard Eimers
17 Roundwood Drive
Inlet Beach, FL
850-259-1798

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