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10 Housing Markets Cooling the Fastest in 2023

Broke Agent Media

Housing markets in tech hubs and pandemic hotspots are cooling the fastest this year, while markets in Connecticut, New York and areas in the Midwest are holding up the best. Is your market heating up or slowing down this spring? So, which markets are cooling off the quickest? In turn, home sales remain low.

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

Realtor.com

Getty Images As the housing market barrels toward the end of the year and all of its holiday trimmings, potential homebuyers are likely wondering what’s in store for the coming season. After the COVID-19 pandemic-fueled homebuying rush reduced the number of homes for sale to all-time lows, the inventory of housing has since rebounded.

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

The Close

In real estate, the market is tied to the basic economic rule of supply and demand, which determines if a market is a buyer’s market vs seller’s market. Sure, certain seasons might have more foot traffic than others, but the housing market could vary drastically from neighborhood to neighborhood.

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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. For agents who do stick out the tough times , they’ll find that 2023 will be a year full of surprises in the real estate market. Other changes on the horizon.

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

Housing Wire

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I The 90-day average number of new listings as of mid-March 2024 was 170 in Naples-Marco Island, and 432 in Cape Coral-Fort Myers). In comparison, the average U.S.

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Tight inventory and frustrated buyers challenge agents in Virginia

Housing Wire

The slightly more upscale single-family listings for move-up buyers with children looking for their forever home just aren’t coming on the market right now, and demand is still very high.” According to Altos Research, the Virginia Beach-Norfolk-Newport News housing market had a seven-day average Market Action Index score of 52.44

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

HomeLight

Depending on other factors such as your location, your home’s condition, and current market conditions, that estimate can run up to 10%. We break down what the cost of a home sale could look like based on the average U.S. home sales price of $453,300, as reported by the Federal Reserve Bank of Saint Louis. Cost to seller.