article thumbnail

Little Rock Housing Market: Prices, Trend, Forecast 2023

Marco Santarelli

Home prices have seen a slight decrease compared to the previous year, yet the market remains relatively competitive. Several factors contribute to the present state of the Little Rock housing market. Days on Market and Neighborhoods On average, homes in Little Rock, AR sold after 34 days on the market.

article thumbnail

Des Moines Housing Market Forecast 2023: Will it Crash?

Marco Santarelli

Overall, the Des Moines housing market is expected to remain strong in 2023, but there are signs that it may be cooling slightly. If mortgage rates continue to rise, we could see a more significant slowdown in the market. Des Moines, IA Housing Market Report October 2023 Using information from realtor.com®,

Insiders

Sign Up for our Newsletter

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

article thumbnail

Idaho Falls Housing Market Forecast 2023: Will it Crash?

Marco Santarelli

However, the market is starting to cool down in 2023, due to a number of factors, including rising interest rates, a potential recession, and a decline in demand. Risk Factors for a Market Decline Rising Interest Rates are already impacting the Idaho Falls housing market, with mortgage rates doubling since the beginning of the year.

article thumbnail

Is There a Market Correction on Its Way?

McKissock

B) Days on Market for listings increase. C) Listing prices begin to stabilize and reductions in listing prices become more common, which is a sign the market is becoming saturated. F) Rapid changes in residential mortgage interest rates. ” J) Significant increases in mortgage defaults and foreclosures.

article thumbnail

What’s Changing in the 2022 Real Estate Market Forecast?

HomeLight

If you’re thinking about jumping into the real estate market in 2022, it may feel like the ground is shifting underneath your feet. And mixed messages have rumbled throughout the market to this point. So far, home prices are holding relatively steady — even as mortgage rates rise. Mortgage rates will likely climb.

article thumbnail

Miami Real Estate Posts 10th-Highest Total Home Sales Month in History

Realty Biz

The rapid rise in mortgage rates, from an average of 3% to 6% over the past six months, is tempering Miami real estate’s historic pace,” MIAMI Chairman of the Board Fernando Arencibia Jr. Although top sales marks are still being achieved, higher rates are starting to restore balance to the market. © SeanPavonePhoto – Fotolia.com.

Sales 78
article thumbnail

111 Shocking Real Estate Statistics You Need To Know

The Close

homes spent a median of 14 days on market in June 2022—down 3 from 17 days in June 2021. sold below list price–and indication that the market is slowing. from May as escalating mortgage rates and housing prices impacted potential buyers. Real Estate Video Marketing Statistics. Home Selling Statistics.

Equity 139