Deepening Supply Shortage Causes Homes to Spend Nearly 50% Less Time on Market, New HouseCanary Report Finds
b'HouseCanary, Inc. (\xe2\x80\x9cHouseCanary\xe2\x80\x9d), a leading provider of residential real estate data and home valuations, today released its latest Market Pulse report, covering 22 listing-derived metrics and comparing data between April 2020 and April 2021.
- b'HouseCanary, Inc. (\xe2\x80\x9cHouseCanary\xe2\x80\x9d), a leading provider of residential real estate data and home valuations, today released its latest Market Pulse report, covering 22 listing-derived metrics and comparing data between April 2020 and April 2021.
- The Market Pulse is an ongoing review of proprietary data and insights from HouseCanary\xe2\x80\x99s nationwide platform.\nThis press release features multimedia.
- One year later, we are finally starting to see some positive developments on the supply side for the first time since the pandemic began.
- New listings are up 19.1% year-over-year, however, the number of listings under contract continues to outpace the increase in new listings, which leads us to believe that the supply shortage will hold strong in the short-term.\xe2\x80\x9d\nSelect findings from this month\xe2\x80\x99s Market Pulse are below.