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The pandemic-induced migration boom is waning: Redfin

Housing Wire

For this report, Redfin monitored the searches of about 2 million Redfin.com users who viewed for-sale homes online across more than 100 metro areas from September 2023 to November 2023. Sacramento , Las Vegas and North Port Sarasota, Florida were the three most popular destinations for net migration.

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Key housing markets are starting to buck national trends: Redfin

Housing Wire

home sale price remains near record highs and supply stays constrained in many locales, two of the most populous states that have seen a surge in demand since the start of the COVID-19 pandemic are showing signs of a pullback. The national real estate brokerage found that the nationwide median sale price reached $420,357 in March 2024.

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6 Flat Fee MLS Companies in Sarasota

HomeLight

If you’re contemplating selling your Sarasota home on your own, utilizing a flat fee MLS listing service might be an appealing option. However, it’s important to note that a flat fee MLS service in Sarasota is not ideal for every seller. Get Started Disclaimer: This post is meant to be used for educational purposes.

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Nashville breaks into list of top migration destinations for first time since 2021: Redfin

Housing Wire

The typical home in Nashville in October went for $448,910 compared to $880,000 in Los Angeles. Many people moving to Sacramento were from San Francisco, where the typical home costs $1.5 Four Florida metros ranked in the top 10 in October: Orlando, North Port-Sarasota, Cape Coral and Tampa.

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Florida & Texas Housing Market Slowdown: Prices Stall as Inventory Piles Up

Marco Santarelli

Housing supply has increased the most in the following five metro areas, on a year-over-year basis, according to Redfin: Cape Coral leads the pack with a whopping 51% year-over-year increase in listings, followed closely by North Port-Sarasota (48%), Fort Lauderdale (30%), and Tampa (29%). 51% North Port-Sarasota, Fla. 30% Tampa, Fla.

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Bidding wars – the scourge of buyers – slowed in August

Housing Wire

Another indicator of a slowing market cited by Redfin is the percentage of homes that sold above list price. Sellers are still pricing their homes very high, but a lot of buyers have had enough and are no longer willing to pay the huge premiums they were six months ago. million homes, according to the National Association of Realtors.

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Redfin: Bidding wars drop slightly in June

Housing Wire

Competition between would-be homebuyers is still high, but an increase in homes hitting the market in June brought some relief from bidding wars. Per a recent Redfin study , 65% of home offers written by company agents in June faced competition, down from a rate of 72.1% million homes, according to the National Association of Realtors.

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