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Housing Inventory Up 30.6%, a New Post-Pandemic High

Housing Inventory Up 30.6%, a New Post-Pandemic High

by Phil Hall | May 23, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The inventory of homes for sale during April was up by 30.6% from one year earlier, according to new data from Realtor.com. This marked both the 18th consecutive month of inventory growth as well as a new post-pandemic high. The total number of unsold homes, including...
Illinois Home Sales Decline While Housing Inventory Grows

Illinois Home Sales Decline While Housing Inventory Grows

by Phil Hall | May 23, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 11,308 single-family homes and condominiums were sold in Illinois during April, which marked a 3.4% drop from the 11,705 homes sold one year earlier. According to data from Illinois Realtors, the dip in home sales was seesawed by a rise in inventory – the...
Alabama Home Sales Dropped in April

Alabama Home Sales Dropped in April

by Phil Hall | May 23, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Alabama recorded 5,791 home sales during April, down 6.8% from the prior month but up 10.8% from one year earlier. According to data from the Alabama Association of Realtors (AAR), the state had 19,144 active listings at the end of April, a 27% upswing compared to the...
Home Sales and Prices Down in Florida

Home Sales and Prices Down in Florida

by Phil Hall | May 22, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closed sales of existing single-family homes in Florida totaled 23,572 in April, down 4.5% year-over-year, while existing condo-townhouse sales totaled 8,710, down 14.8% over the same period. According to data from Florida Realtors, new listings for existing...
Report: Connecticut’s Severe Housing Shortage Was a Long Time in the Making

Report: Connecticut’s Severe Housing Shortage Was a Long Time in the Making

by Phil Hall | May 22, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Connecticut’s severe lack of housing supply has been a situation several decades in the making, according to a new report from the Connecticut Business and Industry Association (CBIA). The report, titled “The Economic Impact of Connecticut’s Housing Shortage,”...
New York State Records 6.2% Drop in Home Sales

New York State Records 6.2% Drop in Home Sales

by Phil Hall | May 22, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closed sales of homes in New York State totaled 6,968 last month, a 6.2% decline from the 7,428 homes sold in April 2024. According to data from the New York State Association of Realtors, pending sales inched up to 9,565 sales in April from 9,471 recorded on year...
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