Tag Archives: decline

According to the RE/MAX National Housing Report for February 2023, the median sales price experienced a slight rise over January, ending a seven-month streak of price declines.

While monthly rent slowed to their lowest rate since 2020, consumers saw the biggest decline in three years as active inventory dropped 13% year-over-year.

The nation's housing supply continues to dwindle, dropping nearly 18% YOY from 2021's totals.

With home prices on the rise to start the year, home price gains are projected to slow to a 3.5% annual increase by December 2022.

New listings also fell 12%, the largest drop since June 2020, bringing the total number of homes for sale to another new low.