As of today, April 16, 2024, the market boasts 12,242 active listings. Despite a minor daily decrease of 97 listings, the overall trends are upward, with a monthly increase of 1,325 listings (12.14%) and an even more impressive yearly escalation of 22.44%. Pending listings, totaling 5,097, gives us an <a href="https://teamprice.com/activity-index-city">activity index</a> of 29.40% (pending / active + pending) and 4.25 months of inventory. Pending Listings are down -5.0% year over year. The activity index indicates the speed at which listings are being absorbed by the market. This is also known as the absorption ratio.&nbsp; <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240416112650.png" alt="" data-rotate="" data-proportion="true" data-align="center" data-size="," data-percentage="auto,auto" data-file-name="active listings.png" data-file-size="285752" data-origin="," style=""></figure></div> A deeper dive into new listings reveals significant year-over-year growth. In January 2023, the market had 9,134 active listings, but by January 2024, this number had risen to 9,707. The growth trajectory continued steeply, reaching 12,339 by April 2024. This represents a marked year-over-year increase, highlighting a 28.4% growth from April 2023’s figure of 9,875 to April 2024. Such data is crucial for predicting future market behaviors and planning investment strategies. Despite the natural ebb and flow of daily listings, the overall trend leans strongly towards a growth in inventory, with the highest peak this year reaching 12,339 listings on April 15, 2024. This peak is significant when compared to the same date in 2023, which recorded 9,988 listings, underscoring a robust 22.6% increase year-over-year. <div class="se-component se-image-container __se__float-center"><figure><img src="https://quicktours-static.s3.us-west-1.amazonaws.com/agent_richtext/20240416112812.png" alt="" data-rotate="" data-proportion="true" data-align="center" data-size="," data-percentage="auto,auto" data-file-name="2023 vs 2024.png" data-file-size="93467" data-origin="," style=""></figure></div>​ ​This analytical look at the real estate market provides essential insights for investors, realtors, and homebuyers. Updated Data : <a href="https://teamprice.com/active-residential-listings">Active Residential Inventory</a>&nbsp;

12,242 active listings with a significant 22.44% yearly increase. Listings increased from from 9,707 in January to 12,339 by April, marking a 28.4% increase. This in-depth review provides precise data, such as a 24% year-over-year increase in April listings

Analyzing the Surge in New Listings and Active Properties : 12,242 active listings

Analyzing the Surge in New Listings and Active Properties

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Analyzing the Surge in New Listings and Active Properties

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