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iCrowdNewswire Nov 25, 2020 1:12 PM ET

Realtor.com® Weekly Housing Report: Buyers and Sellers Jump Back in Post Election


Realtor.com® Weekly Housing Report: Buyers and Sellers Jump Back in Post Election

iCrowd Newswire - Nov 25, 2020

Buyers and sellers quickly jumped back into the market this week after taking a break during election week, according to realtor.com’s Weekly Housing Report for the week ending Nov 14. Despite the resumed interest, home prices are finally showing signs of a seasonal slowdown gaining only 12.6% this week compared to 12.9% the previous week.

“We typically see fewer buyers and sellers in the market toward the end of the year, as families are busy with children in school and holiday celebrations. Although we still have a fast-moving housing market relative to this time last year, we’re starting to see some slowing from the late-summer/fall and movement towards more normal seasonality. What happens next depends on this resurgence of COVID-19. In the spring, we saw that the more coronavirus cases a market had, the less likely sellers were to put their homes on the market. If we are able to contain the spread, sales activity will likely slow somewhat in line with normal seasonality, but otherwise we may see a more abrupt slowdown. “

Home prices remain near summer highs but are finally showing signs of a slowdown

Sellers resumed listing homes as they were before the election

Lack of homes for sale is keeping us in a seller’s market

Housing market remains strong as buyer and seller activity bounce back

Metro

Median
Listing
Price YoY

Total
Listings
YoY

Median Days
on Market
YoY

Akron, Ohio

9.9%

-51.9%

12 days faster

Albany-Schenectady-Troy, N.Y.

13.8%

-37.8%

15 days faster

Albuquerque, N.M.

14.9%

-46.3%

14 days faster

Allentown-Bethlehem-Easton, Pa.-N.J.

14.1%

-50.6%

21 days faster

Atlanta-Sandy Springs-Roswell, Ga.

8.2%

-46.1%

10 days faster

Augusta-Richmond County, Ga.-S.C.

7.7%

-51.0%

29 days faster

Austin-Round Rock, Texas

19.2%

-51.3%

13 days faster

Bakersfield, Calif.

17.6%

-46.7%

18 days faster

Baltimore-Columbia-Towson, Md.

1.6%

-52.8%

13 days faster

Baton Rouge, La.

13.7%

-39.7%

10 days faster

Birmingham-Hoover, Ala.

0.5%

-34.6%

18 days faster

Boise City, Idaho

21.9%

-72.3%

13 days faster

Boston-Cambridge-Newton, Mass.-N.H.

12.8%

-25.6%

14 days faster

Bridgeport-Stamford-Norwalk, Conn.

0.0%

-26.7%

36 days faster

Buffalo-Cheektowaga-Niagara Falls, N.Y.

10.6%

-47.1%

10 days slower

Cape Coral-Fort Myers, Fla.

9.4%

-42.1%

7 days faster

Charleston-North Charleston, S.C.

14.5%

-44.9%

25 days faster

Charlotte-Concord-Gastonia, N.C.-S.C.

10.4%

-48.1%

14 days faster

Chattanooga, Tenn.-Ga.

8.7%

-50.6%

11 days faster

Chicago-Naperville-Elgin, Ill.-Ind.-Wis.

9.1%

-31.8%

8 days faster

Cincinnati, Ohio-Ky.-Ind.

15.3%

-42.7%

11 days faster

Cleveland-Elyria, Ohio

6.5%

-47.0%

16 days faster

Colorado Springs, Colo.

9.0%

-56.4%

16 days faster

Columbia, S.C.

9.3%

-49.4%

17 days faster

Columbus, Ohio

12.7%

-47.6%

12 days faster

Dallas-Fort Worth-Arlington, Texas

5.9%

-48.5%

10 days faster

Dayton, Ohio

11.8%

-44.3%

14 days faster

Deltona-Daytona Beach-Ormond Beach, Fla.

6.4%

-43.7%

12 days faster

Denver-Aurora-Lakewood, Colo.

4.4%

-45.5%

8 days faster

Des Moines-West Des Moines, Iowa

4.3%

-31.3%

11 days faster

Detroit-Warren-Dearborn, Mich

9.6%

-47.2%

8 days faster

Durham-Chapel Hill, N.C.

14.0%

-45.3%

16 days faster

El Paso, Texas

19.1%

-48.7%

5 days faster

Fresno, Calif.

9.2%

-57.9%

13 days faster

Grand Rapids-Wyoming, Mich

7.1%

-47.8%

5 days faster

Greensboro-High Point, N.C.

-1.9%

-50.8%

17 days faster

Greenville-Anderson-Mauldin, S.C.

3.4%

-40.5%

10 days faster

Harrisburg-Carlisle, Pa.

15.2%

-57.9%

7 days faster

Hartford-West Hartford-East Hartford, Conn.

8.7%

-29.8%

22 days faster

Houston-The Woodlands-Sugar Land, Texas

9.8%

-32.5%

13 days faster

Indianapolis-Carmel-Anderson, Ind.

3.5%

-44.9%

14 days faster

Jackson, Miss.

16.1%

-49.1%

21 days faster

Jacksonville, Fla.

1.0%

-46.8%

12 days faster

Kansas City, Mo.-Kan.

10.0%

-46.6%

14 days faster

Knoxville, Tenn.

10.5%

-50.3%

22 days faster

Lakeland-Winter Haven, Fla.

7.6%

-27.5%

11 days faster

Las Vegas-Henderson-Paradise, Nev.

7.6%

-17.9%

10 days faster

Little Rock-North Little Rock-Conway, Ark.

19.4%

-60.9%

16 days faster

Los Angeles-Long Beach-Anaheim, Calif.

16.3%

-18.0%

12 days faster

Louisville/Jefferson County, Ky.-Ind.

0.0%

-47.5%

16 days faster

Madison, Wis.

4.3%

-43.8%

17 days faster

McAllen-Edinburg-Mission, Texas

15.4%

-41.1%

25 days faster

Memphis, Tenn.-Miss.-Ark.

12.8%

-51.4%

12 days faster

Miami-Fort Lauderdale-West Palm Beach, Fla.

0.2%

-18.0%

1 day slower

Milwaukee-Waukesha-West Allis, Wis.

3.6%

-39.9%

11 days faster

Minneapolis-St. Paul-Bloomington, Minn.-Wis.

0.9%

-30.3%

8 days faster

Nashville-Davidson–Murfreesboro–Franklin, Tenn.

7.6%

-46.8%

9 days faster

New Haven-Milford, Conn.

11.2%

-24.7%

25 days faster

New Orleans-Metairie, La.

15.8%

-38.3%

7 days faster

New York-Newark-Jersey City, N.Y.-N.J.-Pa.

11.2%

-4.6%

5 days slower

North Port-Sarasota-Bradenton, Fla.

1.6%

-40.5%

13 days faster

Oklahoma City, Okla.

6.0%

-41.7%

5 days faster

Omaha-Council Bluffs, Neb.-Iowa

5.5%

-45.4%

1 day slower

Orlando-Kissimmee-Sanford, Fla.

1.6%

-21.6%

No change

Oxnard-Thousand Oaks-Ventura, Calif.

7.9%

-47.6%

9 days faster

Palm Bay-Melbourne-Titusville, Fla.

3.4%

-40.9%

8 days faster

Philadelphia-Camden-Wilmington, Pa.-N.J.-Del.-Md.

15.3%

-40.3%

13 days faster

Phoenix-Mesa-Scottsdale, Ariz.

10.5%

-42.5%

8 days faster

Pittsburgh, Pa.

24.1%

-39.5%

11 days faster

Portland-South Portland, Maine

10.7%

-45.1%

30 days faster

Portland-Vancouver-Hillsboro, Ore.-Wash.

11.6%

-42.9%

10 days faster

Providence-Warwick, R.I.-Mass.

6.4%

-50.7%

14 days faster

Raleigh, N.C.

6.3%

-48.1%

18 days faster

Richmond, Va.

12.9%

-47.9%

7 days faster

Riverside-San Bernardino-Ontario, Calif.

15.9%

-53.9%

14 days faster

Rochester, N.Y.

15.0%

-41.3%

13 days faster

Sacramento–Roseville–Arden-Arcade, Calif.

15.2%

-46.3%

18 days faster

Salt Lake City, Utah

17.3%

-52.7%

13 days faster

San Antonio-New Braunfels, Texas

4.5%

-40.7%

12 days faster

San Diego-Carlsbad, Calif.

9.9%

-21.8%

2 days slower

San Francisco-Oakland-Hayward, Calif.

10.2%

9.1%

3 days faster

San Jose-Sunnyvale-Santa Clara, Calif.

10.4%

-1.5%

14 days faster

Scranton–Wilkes-Barre–Hazleton, Pa.

15.6%

-50.8%

36 days faster

Seattle-Tacoma-Bellevue, Wash.

8.6%

-36.7%

7 days faster

Spokane-Spokane Valley, Wash.

7.1%

-50.8%

8 days faster

Springfield, Mass.

14.6%

-43.5%

18 days faster

St. Louis, Mo.-Ill.

9.1%

-38.9%

14 days faster

Stockton-Lodi, Calif.

5.4%

-64.4%

8 days faster

Syracuse, N.Y.

9.8%

-43.7%

7 days faster

Tampa-St. Petersburg-Clearwater, Fla.

7.3%

-42.8%

13 days faster

Toledo, Ohio

0.0%

-43.0%

11 days faster

Tucson, Ariz.

10.5%

-45.0%

7 days faster

Tulsa, Okla.

8.0%

-39.5%

9 days faster

Urban Honolulu, Hawaii

-8.1%

27.2%

2 days faster

Virginia Beach-Norfolk-Newport News, Va.-N.C.

5.0%

-46.8%

23 days faster

Washington-Arlington-Alexandria, DC-Va.-Md.-W. Va.

5.2%

-34.2%

10 days faster

Wichita, Kan.

9.8%

-35.4%

15 days faster

Winston-Salem, N.C.

0.4%

-48.2%

19 days faster

Worcester, Mass.-Conn.

9.1%

-51.0%

25 days faster

Youngstown-Warren-Boardman, Ohio-Pa.

16.7%

-52.7%

24 days faster

 

Methodology: The Weekly Housing Index leverages a weighted average of realtor.com® search traffic, median list prices, new listings, and median time on market and compares it to the January 2020 market trend, as a baseline for pre-COVID market growth. The overall index is set to 100 in this baseline period. The higher a market’s index value, the higher its recovery and vice versa.

 

Media Contacts: 
Cody Horvat, cody.horvat@move.com

Contact Information:

Cody Horvat, cody.horvat@move.com








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