Here is the latest data on US housing inventory metrics in January 2022.

Federal Reserve Bank of St. Louis (FRED) Data on Current Housing Market

Name                  1/22      12/21      1/21

Median List Price   $375,000  $375,000   $339,900

Average List Price $749,426  $723,641  $680,017

Med. Square Feet     1,788       1,799         1,820

Med. List/Sq. Feet   $198/sq’   $196/sq’      $175/sq’

Active Listings       408,922    483,266    571,491

Med. DOM                  61           54              71

New Listings             326,312     288,108     359,132

Price Increased #s     38,248       31,060      50,148

Price Reduced #s        77,104       97,876     106,828

Pending Listings          474,855     541,651    496,827

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Comparative Data by Year 2016

– July 2016

– Median Listing Price – $259,840

Average Listing Price – $445,463

– Median Square Feet – 1,941

Active Listing Count – 1,549,830

 No Wonder

It’s no wonder homebuyers, particularly first-time homebuyers, are having such a challenging time trying to buy a house.  The average listing price, not the sales price, has increased approximately +$300,000 PLUS the number of for-sale homes has dropped by over one million…all within 5.5 years.

Thanks to The Federal Reserve Bank of St. Louis (FRED).

 

        

                 

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