November 2021 Monthly Housing Market Trends Report
In a recent report by Realtor.com economist, Danielle Hale and Sabrina Speianu it’s been demonstrated that
we still need inventory for the amount of buyers looking to make home purchases in the US.
- The national inventory of active listings declined by 26.0% over last year, while the total inventory of
unsold homes, including pending listings, declined by 16.2%. The inventory of active listings is down
55.5% compared to 2019. - Newly listed homes are down 0.7% nationally compared to a year ago, and down 0.2% for large
metros over the past year. Sellers are still listing at rates 13.3% lower than typical 2017 to 2019
levels. - The November national median listing price for active listings was $379,000, up 8.6% compared to
last year and up 22.4% compared to 2019. In large metros, median listing prices grew by 4.5%
compared to last year, on average. - Nationally, the typical home spent 47 days on the market in November, down 10 days from the same
time last year and down 23 days from 2019. Realtor.com-November 2021 Monthly Housing Market Trends Report
In November, newly listed homes decreased by 0.7% on a year-over-year basis and sellers were still listing
at rates 13.3% lower than typical of 2017 to 2019 levels. This marks the third straight month of lower new
seller activity than last year which has contributed to lower inventory. However, the annual decline in new
listings has improved over September and October when it was -3.9% and -2.4%, respectively.
About Realtor Michael Mahoney
Michael Mahoney | Realtor® | 617-615-9435 | mike@mmahoney.com
I am Michael Mahoney, a full-time Realtor® in the Boston area affiliated with Century 21. I have been a Boston area Realtor® since late 2001.
It’s my mission to help people realize their form of the “American Dream” using homeownership, real estate wealth building, and real estate investment as cornerstone of their financial foundation.
I work in all price points. The majority of my business is repeat clients and the referral of clients from all over Eastern Massachusetts.
I view my role as the advisor who helps people go from the life they have to the life they dream about. I have sold everything from mobile homes to amazing estates. I have sold hundreds of homes in almost every town in Suffolk and Norfolk County. I also sell homes in Plymouth, Bristol and Middlesex Counties. When asked what my specialty is, I often joke and say “from section eights”.
Get the value of your home now
The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Michael Mahoney, Realtor® does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Michael Mahoney will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
