Another quarter has come and gone, and here at Lone Wolf, we’re taking the opportunity to look back at what our year-over-year data tells us to anticipate in the second half of 2024.
While some things change...
We can see that while some of our numbers have increased, others have decreased—more notable is that most of these shifts are not particularly dramatic. While inventory has gone up by 11%, listings sold has dropped by 14%—and while listings under contract has gone down by 6%, we can see that new listings are up by 2%.
Interestingly, the most drastic change in our comparison between Q2 2024 and Q2 2023—a 65% increase in off-market listings—is perhaps the most expected of all changes. The number of off-market listings has been on the rise consistently over the course of the last few years, and shows no signs of slowing down, with professionals and sellers both citing too-high asking prices among the main reasons for the surge in both off-market and withdrawn listings.
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