Blog > What To Expect in the Real Estate Market For the Rest of the Year
<div class="hs-featured-image-wrapper"> <a href="https://blog.altosresearch.com/what-to-expect-in-the-real-estate-market-for-the-rest-of-the-year" title="" class="hs-featured-image-link"> <img src="https://blog.altosresearch.com/hubfs/AdobeStock_267489967.jpeg" alt="What To Expect in the Real Estate Market For the Rest of the Year" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p>The last week of June is typically the peak of the home buying season, when activity and prices start their seasonal decline. So this first week of July, I'm looking at what we can we see for the rest of 2024.<br><br>Home prices are unchanged this week. New listings volume peaked a few weeks ago and while there won’t be a big drop off for new listings in July, in general we can assume fewer and fewer sellers each week from here on out for the rest of the year. <br><br>Home prices will probably dip after next week. The seasonal peak of home prices is usually June 30th. <br><br>Now, because home buyer demand is slow this year, available inventory of unsold homes will continue to climb through probably the end of Q3. So even as new listings tapers off and as prices ease back down, the unsold inventory count grows for a few more months. <br><br>Every week Altos Research tracks every home for sale in the country. We analyze all the pricing, supply and demand, and all the changes in that data and we make it available to you before you see it in the traditional channels. If you aren’t using Altos market reports with your clients, your buyers and sellers, now might be the time to step up. Go to <a href="http://altosresearch.com" style="font-weight: bold;">altosresearch.com</a> and book a free consult with our team. Because everyone is worried about what’s happening right now. They need you to help them see clearly. The data we cover here in these national videos is available for every zip code in the US. Join us to dive in.<br><br>I’m Mike Simonsen, I’m the founder of Altos Research. Let’s look at the data for the week of July 1, 2024. <span style="font-weight: bold;">Please refer to the video below for all the charts I mention in this transcript!</span></p> <img src="https://img.chime.me/image/fs/chimeblog/20240702/16/original_dbefa0d7-84cf-481e-aca2-541de879c57b.gif?a=7754956&k=14&r=https%3A%2F%2Fblog.altosresearch.com%2Fwhat-to-expect-in-the-real-estate-market-for-the-rest-of-the-year&bu=https%253A%252F%252Fblog.altosresearch.com&bvt=rss" alt="" width="1" height="1" style="min-height:1px!important;width:1px!important;border-width:0!important;margin-top:0!important;margin-bottom:0!important;margin-right:0!important;margin-left:0!important;padding-top:0!important;padding-bottom:0!important;padding-right:0!important;padding-left:0!important; ">
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Catherine Abiera - Lumbres, ABR MRP C2EX AHWD
Broker Associate | License ID: EA100089425
Broker Associate License ID: EA100089425