Remove Commercial Remove Days on market Remove Sales Remove Short sale
article thumbnail

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

Realty Biz

Miami-Dade County real estate posted its 10th-highest total existing home sales month in history and its second-best May sales month ever, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system. Miami’s existing condo sales decreased 7.9% Single-family home sales decreased 12.3%

Sales 78
article thumbnail

Price Reduction in Real Estate: A 5-step Guide for Agents

The Close

The primary indicator is obvious: The house just sits on the market while everything around it is flying off the shelves. You must evaluate if a price reduction is necessary by looking at the absorption rate and the average days on market (DOM) for that location. But it’s critical to dig deeper.

Agents 77
Insiders

Sign Up for our Newsletter

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

article thumbnail

Philadelphia Real Estate Market & Investment Overview 2021

Marco Santarelli

Philadelphia has been one of the hottest real estate markets in the country in 2020 and its market temperature remains sizzling hot. It means that the demand from buyers is exceeding the current supply of homes for sale. So, regardless of where you are buying, the market will be almost the same – competitive.

Marketing 126
article thumbnail

Detroit Michigan Housing Market: Trends & Forecast 2021-2022

Marco Santarelli

The statewide data on residential homes from the 42 regional listing boards that comprise the Michigan Association of Realtors show that the average sales price increased 11.79 The total residential sales in the state recorded a decine of -18.12% year-over-year, from 15,696 to 12,852 sales. since last year. since last year.

Marketing 111
article thumbnail

Las Vegas Real Estate Market 2020 Overview

Marco Santarelli

According to the association of local realtors (LVR), July had the most amount of home sales since 2017 with more than 4,000 existing homes sold. In July, the median sales price of previously owned single-family homes, which comprises of the bulk of the Southern Nevada's housing market, increased to $330,000, a year-over-year increase of 8.9

Marketing 128
article thumbnail

Bakersfield Housing Market: Prices | Trends | Forecast 2021-2022

Marco Santarelli

Bakersfield real estate market trends indicate a decrease of $5,000 (-2%) in median home sales and a -1% drop in median rent per month over the past year. Trulia has 1,445 resale and new homes for sale in Bakersfield, CA, including open houses, and homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process.

article thumbnail

Phoenix Real Estate Market & Investment Overview 2020

Marco Santarelli

It could only pause sales, which in turn created a huge pent up demand. The Phoenix real estate market has not only recovered after a slump due to COVID-19 but the demand has reached new heights. In July, the median sales price — up 3.3% Ideally, a buyer would prefer a sale to asking price ratio that’s closer to 90%.

Marketing 135