| | | | | Presented by Jennifer Hunt, HUFF Realty, 513-240-8373 | | | |  | | , | | Feel free to connect with me if you have questions on this content or would like advice on your real estate needs. | | | | New Listings Rise in June
June's housing data shows early signs of cooling in the nation’s housing market. The data from Realtor.com revealed:
• Newly listed homes continued to rise.
• Active listings decreased less abruptly.
• Days on market decreased less abruptly.
• Price growth decelerated for the second month in a row.
New Listings Increase Over May
Nationally in June, newly listed homes grew by 5.5% on a year-over-year basis, and by 10.9% on a month-over-month basis. Typically, fewer newly listed homes appear on the market in the month of June compared to May. This year, growth in new listings is continuing later into the summer season, a welcome sign for a tight market.
LOCAL MARKET: From May to June, days on market decreased 1.5% while new listings increased 12% vs. 10.9% nationally.
Early Signs of Moderation Appear
Available homes are still selling at a rapid pace as demand remains high, however the data is beginning to show that days on market this year may not consistently decrease beyond seasonal norms like it did in 2020.
LOCAL MARKET: From May to June, active listing count is up 13% showing the market continues to be active later in the year.
Price Growth Continues to Moderate
The median national home price for active listings grew by 12.7% over last year, lower than last month’s growth rate of 15.2%. This marks the second month in a row when the annual growth rate has decreased. The slowing growth rate of home prices is a welcome sign that the market is moving toward some semblance of balance.
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