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10 Housing Markets Cooling the Fastest in 2023

Broke Agent Media

Is your market heating up or slowing down this spring? The dichotomy of the current market has some areas seeing multiple offers flood in while others are experiencing a slower pace and a rise in seller concessions. So, which markets are cooling off the quickest?

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A top agent’s take on 2023 housing trends

Real Trends

Real estate is a roller coaster for most agents: tough market conditions, personnel issues and fierce competition can leave any agent or other entrepreneur feeling defeated. An increasing number of agents are exiting the industry because of these roller coaster conditions. What’s ahead in 2023.

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Buyer’s Market vs Seller’s Market: What’s the Difference?

The Close

Standout sellers: Sellers (and their agents) must focus on marketing, repairs, and competitive pricing to stand out and snag offers. Preparation and presentation: Sellers should focus on depersonalizing and decluttering their homes to appeal to a wide range of buyers. Times have changed!

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Home Prices Fall and Listings Soar: Could It Be a Great Time To Buy Despite High Mortgage Rates?

Realtor.com

. “Demand is low,” says Brandy Aguirre , a real estate agent at Home Key Realty in the metro Phoenix area. ” Can seller concessions balance out rate hikes? Sellers might not think it’s the best time to list homes, but could it be a good time for home shoppers to buy?

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Tight inventory and frustrated buyers challenge agents in Virginia

Housing Wire

No matter where you are in the state, real estate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers. “I Out in Wise, Virginia, near the westernmost tip of the state, RE/MAX Cavaliers agent Brett Tiller and his clients are also struggling to find suitable properties.

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Rising insurance costs, ample inventory create a unique market in Southwest Florida

Housing Wire

“Last year we were still adjusting from the effects of the pandemic market, but now the trends seem to be getting back to our baseline, which is more like our 2019 market,” Smith said. Days on market is also trending back to what is more normal for our market as well.” From 2022 to 2023 alone, rates rose 15%.

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How Much Should I Budget to Sell My House? Here’s the Average Cost

HomeLight

Keep in mind that fees may vary widely based on your location, market conditions, and whether your home requires repairs before selling. We detail what costs you’re likely to incur and what sellers pay on average. Seller concessions. Real estate agent commission. home sellers pay an average of 5.8%