4 Important National Real Estate Stats

In April, 61% of home offers across the country faced a bidding war, down from 67% a year ago on an adjusted basis, according to Redfin. But compared with April 2019, when about 15% of offers faced competition, it’s still a very strong sellers’ market.
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Nationally, the share of homes marked down last month rose 1.3 percentage points to 6.9% year over year. According to Realtor.com’s data, that figure is still 9 percentage points below the levels between 2017 and 2019

The U.S. housing vacancy rate is at an all-time low at just 0.8%. This vacancy rate peaked at 3% during the Great Recession.

Freddie Mac recently surveyed adults who are 55 or older and found that 66% of them plan to age in place and not move from their current home. The last time they completed this survey 63% of adults 55 or older said they would age in place. This is and will continue to be a strong factor in our housing supply crisis. Why? If older adults stay longer in their homes younger adults have fewer homes to buy or rent.