New Listings Are Seeing a Price Increase

Starter homes have made their way into the market - so much so that new listings have now been reported to have a 6.5% increase in listing prices. This is good news for first-time buyers looking to break into the market. New listings increased on a year-over-year basis for the fourth consecutive month since sellers have added an abundance of smaller homes to the market. Growth for median listing prices remained moderate in the last month, but that could be due to the increase of lower-priced homes on the market.

Source: Blackstone International Realty

Posted: Thursday, August 12, 2021 at 1:21 PM CDT

Miami Beach, FL -- (SBWire) -- 08/12/2021 --The national average for homes for sale dropped 33.5% year over year in July, and while inventory is much lower than it was at this time in 2020, the decline rate seems to be on the mend even as it concerns affordable prices. A continuation of this trend means relief could be on its way for people looking to purchase versus rent.

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