article thumbnail

Home staging helps reduce days on market, agents report

Real Trends

Over half of buyers’ agents (58%) report that staging a home has an effect on most buyers’ view of the home most of the time, according to the National Association of Realtors ’ 2023 Profile of Home Staging report. The report is based on a survey sent out to a random sample of 43,176 active NAR agents in January 2023.

article thumbnail

DataDigest: Yes, buyer agents steer clients, new study claims

Housing Wire

Three researchers believe a first-of-its-kind dataset has enabled them to definitively answer a long-debated question: why have buyer agent commission rates been so stable historically? and relied on salaried agents rather than commission-paid agents, who typically cost sellers 5-6%.

Agents 424
Insiders

Sign Up for our Newsletter

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

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 438
article thumbnail

The Relationship Between Leverage & ‘Days On Market’

Toronto Realty Blog

” Last week, an agent on my team said there was a new listing that his clients were interested in, priced at $1,599,900, with offers ‘any time,’ and he asked, “What’s the least I can offer on this? . The listing agent has all the leverage here. But we know what the listing agent is going to say.

article thumbnail

Does Days on Market (DOM) Matter in Real Estate

Realty Biz

Days on Market, also known as DOM, is a widespread commercial term, which applies to all markets and products, be it a cake, a pair of shoes, or a real estate item. This concept has everything to do with the idea of “freshness” or actuality that any type of product has on a specific market. DOM on The Real Estate Market.

article thumbnail

Market Moods: Stale listings in the West, speedy sales in the East

Real Estate News

A new report identified areas with the biggest increases and decreases in days on market. Agents in Erie, Charleston and Chico share their insights.

Marketing 255
article thumbnail

A San Diego data dive shows a market upended by tight supply

Housing Wire

A sales boom in 2020 and 2021 slashed home listings’ days on market and pushed up home sales’ price per square foot and sale-to-list price ratios. Mortgage data paints a similar picture of the increasing competitiveness of the San Diego market. Mortgage With fewer listings come fewer home sales.

Marketing 423