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Feb 71 min read

The Post-Pandemic Housing Market Is Taking Shape


Could 2024 Bring a Housing Rebound?

A Look at 2023 Homebuying Trends

In many ways, 2023 felt like the first full year of the post-pandemic world. Here are some key takeaways for what the housing market saw that year.*


November and December saw steady drops to 30-year fixed mortgage rates. 6.61% for the week ending December 28, 2023. Lowest average since May 2023. Down more than one percentage point from October. November listings reached highest level in nearly a year. Up 1.3% Month over Month, seasonally adjusted. Total active listings saw largest increase since July 2022. Up 3.9% Month over Month. November Existing-Home Sales up 0.8% Month over Month, seasonally adjusted. First increase in 5 months.


How are the changes in today’s housing market affecting you? Let’s discuss.


 
*Source: National Association of Realtors (NAR)®, 2023 Profile of Homebuyers and Sellers, November 2023.


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