The Real Estate Market Trends


March 25, 2024

This Week from Mike Simonson, Altos Research.

Home Sales Are Growing, Prices Will Remain Flat!

Happy Monday, and welcome to Barsam & Associates.

If you're new to Barsam, this is our weekly real estate market update from Altos, where we share the latest market stats and recent podcast episodes, as well as other news.

It was a pretty strong week for all the housing numbers. New supply and sales numbers keep climbing weekly and compared to last year. Price numbers had a slight increase this week across the board.

As the data comes in each week, I’ve been more optimistic about home sales volume growth than for home price growth for the year. Specifically, when inventory is 25% greater than a year ago, the supply/demand balance is obviously very different than it has been. And that implies softness for future sales prices. So while we can see current home sales prices holding up, the signals for the end of 2024 and into 2025 seem like we’re heading for flat home prices.

Watch this week's Altos update for the latest on inventory, pricing and more.


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Claremont 91711

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