If you need assistance, please call 850-259-1798

Market Stability | Beach Road Realty Inc Blog

Monday, January 15, 2024   /   by Richard Eimers


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 ...

  beach road realty, richard eimers, eimers group, real estate trends, housing market, home listings, mortgage rates, inventory surge, new listings, housing market boost, affordable homes, supply-demand imbalance, home prices, market stability

Beach Road Realty Inc
Richard Eimers
17 Roundwood Drive
Inlet Beach, FL

The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of REALTORS® and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Data last updated February 24, 2024

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Vendor Member Number: 28179

This site powered by CINC: www.cincpro.com