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Latest Housing Trends & Insights for December 2022

real estate trends December 2022

Pending Home Listings Drop Below Pre-Pandemic Levels

Nationally, the inventory of homes actively for sale on a typical day in November increased by 46.8% over the past year. This amounted to 240,000 more homes actively for sale on a typical day in November compared to the previous year. The growth rate of inventory increased compared to last month’s growth rate of 33.5%, when it had just surpassed 2020 levels, but inventory remains 38.1% below typical pre-pandemic 2017 to 2019 levels.

Home Listings Are Spending More Time on the Market

The typical home spent 56 days on the market this November which is 8 days more than last year. Slower inventory turnover is primarily fueling the growth in actively listed homes but homes still spent 18 fewer days on the market this November than typical 2017 to 2019 timing. Thirty-nine of the 50 largest metros saw time on market increase compared to the previous year.

Barrier from Owning a Home

Lack of Affordable Housing Options

Lack of affordable housing options is why renters continue to rent, while nearly a quarter say the market is too competitive.

Factors Motivating Moves

Factors Motivating Moves in the Next 3 Years

Saving money, safety, and space are the most important factors for those planning to move in the near future.

Latest Housing Trends News

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