According to the Realtor.com Housing Market Recovery Index, housing demand went up to 122.9, up 4 points over the last week. The report also found that new supply growth ent up 5.2 points over the last week, reaching up to 108.6.
It should be noted that in the West and Northeast region, demand for homes may be growing slower than new listings. Also, the country’s largest city may be seeing a shown as heading into the new year.
“Looking at the biggest 50 metros nationwide, 26 are now seeing asking prices growing slower than their January baseline. That’s five fewer markets than the prior week, and nine fewer compared to the early October,” writes Javier Vivas, director of Economic Research in the report for Realtor.com.
For more information: https://www.realtor.com/research/housing-market-recovery-index-trends-dec-5-data/