Marco Santarelli

APRIL 27, 2025

Why Cash is King, Yesterday, Today, and Tomorrow Before we get specifically into 2025, let's chat about the timeless superpowers that come with buying property using your own money, no bank involved. Speed of Light Closings: Forget waiting 30, 45, or even 60 days for mortgage approval, appraisal, and all the hoops.

Finance

HomeLight

JULY 29, 2025

Fast facts about selling a house ‘as is’ in Minneapolis Median sales price in Minneapolis $408,000 Average days on market (DOM) for Minneapolis 28 days Disclosures Minnesota law requires sellers to disclose material facts about the property through the Minnesota Seller’s Property Disclosure Statement MLS has a field to mark a listing “as is”?

As-is

Redfin

JULY 1, 2025

An appraiser might flag the problem as “structural damage,” which is the kiss of death for financing unless you’ve already made the repairs or the buyer agrees to fix it after closing—something most banks won’t allow. Expect longer days on market. This is why cash buyers are easier. No appraisal. Fewer hoops.

Sales

BAM Media

JULY 9, 2025

The median days on market is now 53, five days longer than last year and back to pre-pandemic norms. More sellers are walking away from the market rather than accepting an offer below their expectations. It’s what banks and appraisers rely on, but it may feel conservative to sellers who remember 2021.

Agents

Marco Santarelli

JULY 2, 2025

Risky lending practices: Banks were handing out subprime mortgages – loans to people with poor credit histories – with little regard for their ability to repay. A Buyer's Market: The power has shifted from sellers to buyers, making it easier for buyers to negotiate better deals. This indicates decreasing buyer confidence and demand.

Marketing

Marco Santarelli

JULY 4, 2025

Subprime Lending Gone Wild: Banks handed out mortgages like candy without enough due diligence. Redfin Days on Market 76 days Up from 59 days Redfin Decoding the Signs: Why is Cape Coral Facing This Pressure? Many were naive. People were offered money at every turn. Redfin Homes Sold 608 Down 5.7%

Marketing

Marco Santarelli

JULY 7, 2025

The subprime mortgage crisis hit, and Cape Coral, sadly, became known as “ground zero” for the housing market collapse. Banks were handing out subprime mortgages to people with poor credit. Elevated Mortgage Rates: Rates are around 6.94% for a 30-year fixed mortgage, so many buyers are priced out of the market.

Marketing

Housing Wire

JUNE 8, 2022

Verification solutions provider Xactus wants to court more lenders through its active listing data in a tight housing market. Xactus Wednesday announced its new active listing scan program, which will scan residential addresses for changes in listing status and the average number of days on market for a neighborhood.

Short sale

Housing Wire

MAY 18, 2023

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. Why is this so important to me? NAR Total Inventory Data going back to 1982.

Marketing

Housing Wire

JANUARY 19, 2023

“Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday. Bank and branch directors, community organizations and economists interviewed for the Fed Beige Book expect little economic growth in the months ahead.

Marketing

Housing Wire

JUNE 6, 2023

The Beige Book is a compilation of data and interviews with bank and branch directors, community organizations and economists from on or before May 22. After a slow start to the year, housing markets in upstate New York have also started to pick up, with bidding wars and multiple offers becoming more common.

Residential

Housing Wire

OCTOBER 25, 2021

Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at foreclosure auction or bank-owned (REO) auction. Presented by : Auction.com.

Renovation

Housing Wire

JUNE 25, 2023

More importantly, it showed that the days on market dropped back to the teenager level, which means we are once again in a savagely unhealthy housing market. Nothing good is happening in housing when days on market are so low. Also, NAR updated its inventory report showing a year-over-year decline in inventory.

Marketing

Housing Wire

AUGUST 30, 2022

I understand why anti-Central Bank people say this because they want to blame everything on the Federal Reserve and say it’s just been booming demand. From Realtor.com : Even with demand weakness in recent months, days on market are still low. However, we haven’t had a credit sales boom like the one we saw from 2002-2005.

Bankruptcy

Housing Wire

MARCH 6, 2024

The outlook for future economic growth remained generally positive as economists, market experts and business organization leaders interviewed for the report noted expectations for stronger demand and less restrictive financial conditions over the next six to 12 months. Days on market increased slightly but remained below historic averages.

Mortgages

Housing Wire

DECEMBER 1, 2022

The Beige Book reports, published eight times a year, are based on interviews with bank directors, business and community organization leaders, economists, market experts, and other sources. Days on market and inventory levels have increased but were still below normal levels.

Marketing

Housing Wire

MAY 9, 2022

The days on market grow, which gives people more choices and less forced bidding. Home prices cooled down, and the days on the market grew. A stock can fall 40% in one day, whereas a home doesn’t have that kind of velocity. When mortgage rates rise, two things always happen here in America.

Short sale

Housing Wire

JULY 25, 2022

The Beige Book reports, published eight times a year, are based on interviews with bank directors, business and community organization leaders, economists, market experts and other sources. Inventories of homes for sale and days on market increased in the last month while growth in listing prices for homes started to soften.

Marketing

Housing Wire

SEPTEMBER 14, 2022

The Beige Book reports, published eight times a year, are based on interviews with bank directors, business and community organization leaders, economists, market experts and other sources. Richmond — Residential real estate market activity declined moderately this period.

Industrial

Realtor.com

JUNE 1, 2021

Median days on market in April: 8. The fastest-moving market on our list was Ogden, a mountain town less than 40 minutes north of Salt Lake City. Median days on market in April: 10. Median days on market in April: 12. Median days on market in April: 15. Getty Images. Manchester, NH.

Marketing

Lighter Side of Real Estate

FEBRUARY 8, 2023

In fact, according to this data from the Federal Reserve Bank of St. Louis , the lowest median days on market last year was 31 back in May, but it was as high as 62 days on market back in January of 2022. While many houses were selling that quickly, not all of them were.

Days on market

Toronto Realty Blog

OCTOBER 21, 2024

Not only that, after five, six, or seven weeks on the market, you’d expect to sell a $700,000 listing for $650,000, just based on the days on market that buyers use against sellers in any negotiation. But this fall, it’s normal to see properties on the market longer, especially in the condo market.

Marketing

HomeLight

AUGUST 25, 2020

Every house, every market, and every individual sale will vary in terms of days on market and closing timelines. In fact, 24 days from list to offer is pretty swift, historically speaking. In the current pandemic climate, some closings have dragged on more like 60 days. Your sale could be different.

Closing

HomeLight

NOVEMBER 9, 2021

The recent housing market has been hot and competitive due to an extreme lack of inventory. For a seller in a hurry, the shortage of homes means you can anticipate fewer days on market (DOM). What do days on market mean? Average Days in 2021. Average Days in 2021. Days on Market.

Purchase and sale agreement

HomeLight

DECEMBER 14, 2021

What are the average days on market for your listings? The average days on market is how long it takes for an agent’s listings to sell. Select your city and scroll down to view the “Days on Market” figures in the charts. In competitive markets, it’s not enough to just put in an offer.

Agents

Broke Agent Media

MARCH 20, 2023

And with sellers holding off, new listings dropped to the lowest recorded level, aside from the early days of the pandemic. Lower home prices and longer days on market Interest rates in February rose by almost a full percentage point in February, having a predictable impact on buyer demand as they consider the extra cost of purchasing a home.

Sales

HomeLight

JANUARY 28, 2022

Days on market. An agent’s average days on market reflects how long it typically takes for their listings to attract an offer. Days on market tracks the time between when a house is listed and when it goes under contact with a buyer (the time from contract to close is not included).

Agents

Realty Biz

MARCH 22, 2022

The current state of the real estate market is has been skewed towards sellers for the last handful of years. The days on market for homes have been minimal. The pandemic, however, further exacerbated the lack of housing supply, putting a further strain on the market.

Purchase and sale agreement

HomeLight

AUGUST 30, 2021

Your days on market keep creeping up, exceeding the market average. Source: (Clay Banks / Unsplash). We’ll match you with three top real estate agents in your area based on performance data like their average list to sale price ratio, days on market, and client reviews.

Purchase and sale agreement

HomeLight

JANUARY 18, 2023

It’s important to note that banks use additional calculations for the purposes of home equity loans, refinances, and lines of credit. To understand what’s happening with your home’s equity, it’s worth digging into current housing market trends. Average days on market are increasing. Mortgage rates are rising.

Equity

HomeLight

MARCH 31, 2021

More than half of those surveyed by Chase bank in 2019 plan to stay in their home, choosing to renovate rather than pack up. Federal Reserve, the country’s central bank, controls interest rates. Regional economic prosperity: Homebuyers are more likely to emerge in a robust local economy when wallets and bank accounts are flush.

Marketing

HomeLight

JUNE 8, 2021

In a hot market, homes naturally sell fast. Recent statistics from NAR show homes sat on the market an average of just 16 days in May 2021. But in a regular year, your typical days on market could be more like 35-40 days. For that, you can look at days on market data and their transaction history.

Short sale

Marco Santarelli

FEBRUARY 1, 2023

When a real estate housing market crashes , there are so many foreclosure and bank REO sales, figuring out the real value of a property can be difficult. When there is a large supply of properties available for sale in the housing market, it can be challenging to determine the true value of a specific property.

Marketing

Realty Biz

MAY 24, 2021

Learn the number of new listings that have come on the market in the past month or six weeks. Learn the number of days these houses have been staying on the market before an offer is made. This is called days on market or DOM. Your backup offer could become the best offer the seller can take to the bank.

Backup offer

HomeLight

DECEMBER 2, 2021

Source: (Clay Banks / Unsplash). Depending on other factors such as your location, your home’s condition, and current market conditions, that estimate can run up to 10%. Depending on other factors such as your location, your home’s condition, and current market conditions, that estimate can run up to 10%.

Seller concession

Marco Santarelli

FEBRUARY 6, 2021

New York City is a global hub of business and commerce, as a center for banking and finance, retailing, world trade, transportation, tourism, and real estate, etc. On average, homes in Upper East Side sell after 175 days on the market. On average, homes in Washington Heights sell after 272 days on the market.

Days on market

HomeLight

MARCH 18, 2022

Alongside your offer, you’ll also get an estimation of what you could fetch on the open market with a top real estate agent’s help, so you can decide if the price is to your liking. Close in as little as 10 days. However, if you aren’t in a hot market, selling fast may take extra effort. Targeting strategic advertising times.

Inspection