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New York Residential Closed Median Sale Price Increases by 2.6% MoM

RIS Media

OneKey® MLS, the largest MLS in New York, has announced that residential, condo, and co-op sales transactions in the regional MLS coverage area saw a 2.6% increase in closed median sale price month-over-month from April to May 2023. MoM appeared first on RISMedia. MoM appeared first on RISMedia.

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OneKey MLS Tracked New York Residential Market in March

RIS Media

OneKey MLS–servicing the southern regions of New York state such as the Hudson Valley, New York City, and Long Island–maintains a monthly report keeping track of changes to the residential real estate market. On April 18, 2023, the MLS released its report covering February to March, 2023.

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Why the US MLS system is the envy of other countries

Housing Wire

Multiple Listing Services (MLS) by those trying to disparage the system. This past December, my mother and father closed on their home of 35 years in Limerick, Ireland, after 10 months “in escrow.” They also recently closed on their purchase of a new home. And that home rental between closings? An additional $6,400.

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April data suggests we’re close to peak rent inflation

Housing Wire

level reported last summer, but inflation is still running far above the Fed’s target rate of 2%,” Lisa Sturtevant, Bright MLS’ chief economist, said in a statement. “CPI data show that inflation is down significantly from the 9.1% Shelter was again a major contributor to this increase, rising 0.4% month over month, thanks to a 0.6%

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Amid legal uncertainty, MLSs explore cooperative compensation workarounds

Housing Wire

Moving past cooperative compensation In early August, Bright MLS , the nation’s second largest MLS, began allowing listing agents to use a $0 blanket offer of compensation for buyer brokers and still list a property on the MLS. Let’s break down the changes and the implications. As of Jan.

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Zillow or CoStar? NAR settlement terms could determine a winner

Housing Wire

The battle began heating up in September 2023 when CoStar’s residential real estate platform Homes.com surpassed 100 million unique monthly visitors, becoming the second most popular listing portal behind Zillow. If they both become the de facto MLS, that gives the power to all the portals.”

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Southern New York State Residential Sales Increase

RIS Media

OneKey MLS, which maintains coverage in southern New York state markets, has released its monthly market report for June 2023. Key details: Regional closed median sale price of $612,000, a 3.40% increase from the $592,000 reported in May 2023.