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Real Estate Market Trends

If you're like a lot of other consumers, trite slogans and marketing come- ons aren't convincing. Especially when it comes to the most expensive investment you may ever make; numbers are far pithier.


Think about it -- which of these is of more value to you: “Now is the best time to buy or sell a house!” or “Real Estate Market Report for Yourtown, Yourstate?”


Not only is this section of ActiveRain chock full of up-to-date real estate market reports but market statistics and market trends as well. Best of all, they're written in plain English by the experts – those that actually work in these markets on a daily basis.


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Recent blogs on Real Estate Market Trends
By Ritu Desai 703-625-4949, Northern Virginia,Washington DC & Maryland Realtor
(Samson Properties)
Check out our Mid-Week DMV Market Update! Here’s what you need to know:Over the past five weeks, we've witnessed a steady rise in inventory levels across the DMV area. Since mid-February, the supply of available homes has been steadily increasing, with active listings seeing a 1.1% uptick from the previous week.Despite the slight dip in new contracts compared to the same period last year, the market is showing resilience. As we gear up for the spring season, traditionally a time of heightened activity, we anticipate contract numbers to rebound, reflecting the usual uptick in buyer and seller engagements.While the record list price of $420,000 remains unbroken, there's been a noteworthy 5.2% uptick in median list prices compared to this time last year. This suggests a robust demand for h...
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By Joyce Tawes, ABR, CRS, CLHMS, CNE
(Live Better in Scottsdale)
- February 2024 Scottsdale Housing Market Video - Here is a quick video overview of the Scottsdale, Arizona single-family home real estate market that covers the month of February. February 2024 - Video   Scottsdale Active Listings  Inventory is on the rise, which is great news for buyers who have had to deal with low inventory for a while. The number of homes for sale was up to 1,240 by the end of February. This is up 5.0% over January and up 13.5% when compared with February of 2023.  Average List Price for Scottsdale Homes  I used to use median listing price data, but I no longer have accurate access to that information. So, I have started to track average listing prices. (Technically, the median price is a better indicator since the average price can skew one way or the other due to...
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By Heather Tawes Nelson, Associate Broker, ABR, CLHMS, CRS - Scottsdale, AZ
(Live Better in Arizona )
- February 2024 Scottsdale Homes for Sale and Home Sales - The Scottsdale real estate market is in full swing as evidenced by the increase in contract and sales activity. SCOTTSDALE HOME SALES ACTIVITY –  FEBRUARY 2024 We track the following sales metrics on a monthly basis: - Single-family homes for sale - Orange Line - The number of homes showing active at the end of the month. - Under contract, but accepting backup offers (UCB) - Gray Line - How many homes were in UCB status at the end of the month. - Pending home sales - Yellow Line - The number of pending contracts there were at the end of the month.*- Home Sales - Blue Line - The number of homes sold each month. FEBRUARY 2024 RESULTS Scottsdale Homes for Sale: This might be the most inventory we have seen since the beginning of 20...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Diamond Head & Kapahulu Honolulu, February 2024   Single Family Homes February Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 8 / 9  -11%  18 / 13  38% Median Sales Price $1.285M / $1.305M  -2%    $1.345M / $1.2M  12%   Percent of Original List Price Received 95.8% / 94.0%  2% 96.9% / 94.0%  3% Median Days on Market Until Sale 56 / 27  107% 49 / 30  63% New Listings 17 / 15  13% 33/ 27  22% Pending Sales 12 / 10  20% 23 / 27  -15% Active Inventory 45 / 41  10% ---    Condos February Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 5 / 7  -29% 12 / 10  20%  Median Sales Price $1M / $790,000  27% $712,5000 / $682,500  4% Percent of Original List Price Received 100.0% / 95.8%  4% 98.4% / 99.5%  -1%  Median Days on Market Until Sale...
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By Aaron Mears, Real Estate Analyst and Writer
(House Stories)
Real estate in Florida has grown in recent years, and with the rise of technology, it's easier than ever to find information. In February 2024, Florida Realtors® reported a median existing single-family home sale price of $415,000, representing a 2.5% increase from January. It suggests sustained growth in the Sunshine State's housing market.As a real estate agent, investor, or just someone interested in housing, you should keep up with current trends. Fortunately, multiple resources and websites offer comprehensive Florida real estate data.Below, we'll highlight the best websites and resources for finding accurate information about property values, market trends, and more. These tools can help you learn more about the Florida real estate market and make better decisions.5 Best Websites ...
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By Bo Zivak, Nashville Real Estate Broker
(Zivak Realty Group)
South Nashville, with its vibrant neighborhoods and diverse housing options, continues to be an attractive destination for homebuyers seeking the perfect place to call home. As the demand for homes for sale in South Nashville TN grows, homebuyers need to stay informed about the latest trends and insights shaping the local real estate market. Let's explore some key factors to consider when navigating the South Nashville real estate market. Diverse Housing Options: From cozy bungalows to spacious single-family homes and modern condominiums, South Nashville offers a wide range of housing options to suit every lifestyle and budget. Whether you're searching for a historic home with character or a newly built property with modern amenities, there's something for everyone in South Nashville. G...
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On March 19, 2024, California Association of Realtors (C.A.R) reported the home values higher 3.1% to the price of $576,500 in February of 2024 from price of $599,280 in January of 2024, and increased 4.8% from price of $549,900 in February of 2023 in Inland Empire, California. While, home sales jumped 14.8% in February of 2024 from January of 2024, and rose 3.9% from in in February of 2023 in Inland Empire, California.There were 3.6 months supplies of available inventory of homes in February of 2024, down from 4.0 months in January of 2024, and lower from 3.7 months in February of 2023 in Inland Empire, California.An average it took 37.0 days to sell home in February 2023, decreased from 40.0 days in January of 2023, and dropped from 53.0 days in February of 2023 in Inland Empire, Cali...
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By John Slocum, Broker, SFR - Vancouver WA Real Estate
(Premiere Property Group, LLC - Vancouver Washington)
A Nice Up-Tick in New Listings and Pending Sales; While Sales Prices Remained Unchanged from Last Month.With warmer weather coming into the area, we have seen a nice move up in both Active Listings and Pending Sales; while Closed Sales moved up only slightly; and the Average Sales Price also moved up slightly, as shown in our first graphic below:The increase in Active Listings is a welcome improvement over last month, as the January statistic was only one (1) unit higher than January 2023! With the improvement in available homes to purchase, it is also a welcome sign to see strong improvement in the Pending Sales.Our next graphic shows the 3 month rolling average trend for Pending Sales, covering the current year plus the 5 previous years:This month we can clearly see a somewhat strong ...
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By Jim Lee, REALTOR, CRS, ABR, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
Price historyTo look at the history of single-family home sales in Portsmouth, New Hampshire I went back 19 years to get a good timeline of what’s been happening with prices.The chart above represents the median sales price of single-family Portsmouth homes from January 2005 through February 2024.The median price means that half the sales were higher and half were lower. On January 2005 the median price was $330,000. By August 2016 that median had risen to $405,000. There was a peak in June 2018 at $534,903 and a drop by December 2019 to $485,000.Fast forward to February 2024February 2024 is the last full month we have sales data. That median price is $770,359. As the chart illustrates Portsmouth single-family home prices have risen steadily for the past 19 years.Current market conditio...
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By Lise Howe, Assoc. Broker in DC, MD, VA and attorney in DC
(Keller Williams Capital Properties)
The number of new listings in Bethesda was up in February!  The spring market had promised to bring more inventory and it seems that it is in fact coming through for us!  There were 106 new listings in February, up an eye popping 79.7% from January's 59 listings and February's 2023 73 listings.  There were 86 new pending homes - up 79.2% from January 2023 and 36.5% from February 2023.  Even closed sales were up 17.8% with 53 properties settling. Good news abounded too for the median sale price which rose to $1,175,000, up 9.3% from January 2024.  The average sale price was $1,125,396, which was a decrease of 3% from January 2023 and 27.1% from January 2024.   If you just consider single family homes, then the median sale price was $1,408,500, which was down from last month's $1,836,609,...
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By Kimo Stowell, REALTOR Associate® RS-76763 - Honolulu Hawai'i
(HI Pro Realty LLC RB-21531 )
  Local Market Update  Makiki & Moili'ili Honolulu, February 2024   Single Family Homes February Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 4 / 2  100%   11 / 9  22%   Median Sales Price $1.7115M / $5.7M  -70% $1.6M / $1.6M  0% Percent of Original List Price Received 103.0% / 93.7%  10% 100.0% / 91.4%  9% Median Days on Market Until Sale 4 / 28   -86% 6 / 22   -73% New Listings 9 / 12  -25% 19 / 25  -24% Pending Sales 12 / 11  8% 17 / 21  -19% Active Inventory 33 / 24  38% ---    Condos February Year to Date 2024 / 2023 Change% 2024 / 2023 Change% Closed Sales 39 / 20  95% 66 / 45  47%  Median Sales Price $415,000 / $375,000  11%   $412,000 / $382,000  8%  Percent of Original List Price Received 96.3% / 95.7%  1% 96.9% / 96.9%  0% Median Days on Market Until Sale ...
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By Gloria Todor, & Doug Durren (484) 431-3686 in SE PA
(Premier Property Sales & Rentals)
Residential Houses For Sale in Media, Delaware County, PA as of March 19, 20246 Active ListingsPrice Range $225,000 - $2,275,0006 Houses Under Contract Sold in Media in February 2022 2023 2024 # Sold 6 4 2 Average Days on Market 101 33 26 Minimum Price Sold $230,100 $195,000 $265,000 Maximum Price Sold $650,000 $675,000 $325,000 Median Price Sold $327,500 $350,000 $295,000 (info Bright MLS various brokers/agents)Media, PA is the County Seat of Delaware County.  Its motto is "Everybody's HomeTown".   
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By Gloria Todor, & Doug Durren (484) 431-3686 in SE PA
(Premier Property Sales & Rentals)
Residential Houses For Sale in Middletown Township, Delaware County, PA as of March 19, 202419 Active ListingsPrice Range $299,000 - $1,975,00064 Houses Under Contract Sold in Middletown Twp in February 2022 2023 2024 # Sold 15 8 11 Average Days on Market 60 16 59 Minimum Price Sold $377,500 $345,000 $182,000 Maximum Price Sold $1,482,500 $895,000 $850,000 Median Price Sold $575,345 $585,000 $575,000 (info Bright MLS various brokers/agents)Middletown Twp is part of Rose-Tree Media School District.
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By Gloria Todor, & Doug Durren (484) 431-3686 in SE PA
(Premier Property Sales & Rentals)
Residential Houses For Sale in Parkside, Delaware County, PA as of March 19, 20242 Active ListingsPrices $200,000 and $399,9006 Houses Under Contract Sold in Parkside in February 2022 2023 2024 # Sold 5 1 2 Average Days on Market 51 14 14 Minimum Price Sold $147,500 $379,000 $182,500 Maximum Price Sold $275,000 $379,000 $255,000 Median Price Sold $161,500 $160,000 $218,750 (info Bright MLS various brokers/agents)Phil and Jim's Parkside PAParkside PA is part of the Penn-Delco School District.
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On March 19, 2024, California Association of Realtors (C.A.R) reported the home values higher 5.0% to the price of $825,000 in February of 2024 from price of $786,000 in January of 2024, and increased 10.8% from price of $744,400 in February of 2023 in Southern California. While, home sales jumped 14.7% in February of 2024 from January of 2024, and rose 7.0% from in in February of 2023 in Southern California.There were 3.0 months supplies of available inventory of homes in February of 2024, down from 3.2 months in January of 2024, and lower from 3.2 months in February of 2023 in Southern California.An average it took 23.0 days to sell home in February 2023, decreased from 30.0 days in January of 2023, and dropped from 38.0 days in February of 2023 in Southern California.For complete mor...
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On March 19, 2024, California Association of Realtors (C.A.R) reported the home values higher 5.3% to the price of $790,000 in February of 2024 from price of $750,000 in January of 2024, and increased 11.3% from price of $710,000 in February of 2023 in Los Angeles Metro Area California. While, home sales jumped 13.2% in February of 2024 from January of 2024, and rose 6.7% from in in February of 2023 in Los Angeles Metro Area California.There were 3.2 months supplies of available inventory of homes in February of 2024, down from 3.4 months in January of 2024, and lower from 3.4 months in February of 2023 in Los Angeles Metro Area California.An average it took 27.0 days to sell home in February 2023, decreased from 32.0 days in January of 2023, and dropped from 42.0 days in February of 20...
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By Gloria Todor, & Doug Durren (484) 431-3686 in SE PA
(Premier Property Sales & Rentals)
Residential Houses For Sale in Brookhaven, Delaware County, PA as of March 19, 20245 Active ListingsPrice Range $299,900 - $349,90024 Houses Under Contract Sold in Brookhaven in February 2022 2023 2024 # Sold 14 3 10 Average Days on Market 29 37 34 Minimum Price Sold $80,000 $150,000 $220,000 Maximum Price Sold $399,900 $262,000 $357,500 Median Price Sold $250,000 $260,000 $282,500 (info Bright MLS various brokers/agents)Brookhaven PA is part of the Penn-Delco School District
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By Gloria Todor, & Doug Durren (484) 431-3686 in SE PA
(Premier Property Sales & Rentals)
Residential Houses For Sale in Delaware County PA as of March 19, 2024497 Active ListingsPrice Range $31,000 - $4,795,000789 Houses Under Contract Sold in Delaware County in February 2022 2023 2024 # Sold 444 321 313 Average Days on Market 27 35 29 Minimum Price Sold $22,000 $15,000 $50,000 Maximum Price Sold $2,975,000 $1,900,000 $4,650,000 Median Price Sold $265,000 $252,500 $302,000 (info Bright MLS various brokers/agents)55+ Communities in Delaware County PAAre You Really Ready To Buy A Home? 
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By Jim Crawford, Jim Crawford Broker Associate Fredericksburg VA
(Long & Foster)
Caroline County VA Real Estate Market ReportCurrent Real Estate Market Conditions Caroline County Virginia Single Family HomesAs of today in Bright MLS* (Our MLS system) March 23, 2024, there are currently 71 homes for sale in the Caroline County Virginia area (Single Family Detached homes.) The high price of the listed homes for sale in the Caroline Co. Virginia area is $1,675,000 and the low price is $105,000.CAROLINE COUNTY VA REAL ESTATE MARKET SNAPSHOTActive Listings: 71 Caroline County VA Homes for SaleComing Soon: 4 Caroline County VA Listings Coming SoonActive Under Contract: 15 Caroline County VA ListingsPending Sale: 52 Caroline County VA Homes
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