April Listings Down - Discover Suncoast Homes

April Listings Down

New Home Listings In April Cut In Half.

As stay-at-home orders increased across the nation last month, it translated into a lack of homes for sale.

New listings fell 44.1% in April, asking prices flattened and homes are staying on the market longer, according to a new report from realtor.com.

As the report says, the Northeast was hit hardest by the pandemic and also saw the greatest decline in new listings – a whopping 59.4%. The rest of the U.S. didn’t stray too far off, as the Midwest saw another 49.5% decline, a 44.1% decline in the West and a 31.4% decline in the south.

This makes the total number of homes for sale across the U.S. down 15.3% year over year, with April’s drop in inventory amounting to a 189,000 loss of listings compared to this time last year.

According to realtor.com, within the 50 largest U.S. metros, inventory declined 16% year over year with the biggest declines seen in the Milwaukee-Waukesha-West Allis, Wisconsin metro (down 46.1%); Philadelphia-Camden-Wilmington, Pennsylvania-New Jersey-Delaware-Maryland metro (down 38.7%); and Providence-Warwick, Rhode Island-Massachusetts metro (down 29.3%).

For specific information contact Ed Bertha at (941) 921.2117 or EdBertha@DiscoverSuncoastHomes.com

Burns & Bertha – Changing Lives – Red Line Investors – © 2020
www.DiscoverSuncoastHomes.com

Burns & Bertha

Burns & Bertha

Ed Bertha (941)-921-2117 relocated to Sarasota from Pittsburgh, PA in 1982 and has a deep understanding of the market’s idiosyncrasies and dynamics. Kim Burns (215) 499-0444 moved to Sarasota from Philadelphia, PA in 2015 and her holistic approach to occupational therapy from her practice up north incorporates a low-stress atmosphere to the real estate process.

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