Affordability

As inflation and limited inventory continues to affect buying power of homebuyers, the greatest impact was felt by Black and Asian Americans, as figures for both declined an overall 6% according to the National Association of Realtors.

Active listings surged 33.5% year-over-year to the highest level since 2020, while the median list price grew by 13.3% in October. New data from Realtor.com's October 2022 Monthly Housing Market Trends Report reveals how these numbers are shifting.

As many would-be home sellers are holding onto their existing homes, properties are now staying on the market longer according to the latest Zillow analysis, leaving sellers to try and draw in homebuyers with attractive listings and price drops.