Remove Agents Remove Construction Remove Days on market Remove New Construction
article thumbnail

Buyers are being picky — here’s how you can navigate it as a real estate agent

Housing Wire

home sales in nearly 30 years as high mortgage rates frustrate buyers, the market is reshaping real estate once again, placing buyers on the back foot and swinging the pendulum back to favoring sellers. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.

Agents 410
article thumbnail

What Is a Housing Bubble?

HomeLight

Increase in speculative investing: Investors are trading in high-risk assets , focusing on big returns by leveraging market fluctuations. Overbuilding and bidding wars: Too much construction and competitive offers drive prices higher. Homes selling fast: Homes selling quickly (decreasing days on market ) can indicate a heated market.

Equity 97
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

21 Marketing strategies to freshen up a stale listing

Real Trends

A home that might have sold for over-list price in less than a day with multiple offers a few months ago — even with bad iPhone photos and monstrous dust bunnies under the coffee table — is going to need a little more love now that we are feeling a market shift , seeing increased days on market and inventory is growing. .

Marketing 104
article thumbnail

Brand Report: RE/MAX Releases February National Housing Data

RIS Media

“The shrinking inventory continued to fuel ongoing bidding wars, and our agents report some homes selling for well above listing price,” said Adam Contos, CEO of RE/MAX Holdings, Inc. “It’s a complicated, competitive market, with buyers having to act quickly and aggressively to get the home they want.

article thumbnail

Median Home Prices Hit $405,000 for the First Time

RIS Media

With demand beginning to moderate as some home shoppers are priced out of the market and new construction at near 16-year highs, inventory is expected to hit positive territory year-over-year this summer. New Listings: Change from March 2021: -3.4%. Median Days on Market: Change from March 2021: -11.

article thumbnail

Renting vs Buying in Windsor, CO: Which is Right for You?

Redfin

Competition This summer we have seen demand pick up again and the days on market have significantly dropped, so if you see a home you like, don’t wait too long. Do you want a new construction home or an older property with character? Are you looking for more space or a big backyard?

article thumbnail

How to Become a Luxury Real Estate Appraiser

McKissock

Appraisers who excel in this specialized field are generally those who “are willing to spend the time necessary to complete extensive research, are willing to write detailed appraisal reports, and are willing to communicate and interact with real estate agents and builders in the luxury real estate market,” says Traut.