article thumbnail

Buyers are being picky — here’s how you can navigate it as a real estate agent

Housing Wire

home sales in nearly 30 years as high mortgage rates frustrate buyers, the market is reshaping real estate once again, placing buyers on the back foot and swinging the pendulum back to favoring sellers. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.

Agents 430
article thumbnail

The Expensive Get More Expensive: Home Value Growth Tops in Highest-Price Markets (March 2024 Market Report)

Zillow Market Reports

Meanwhile, appreciation is subdued in Southern metros where existing inventory has grown or nearly recovered since the outset of the pandemic – and has been helped along by robust injections of new construction. New construction is providing a pressure-relief valve in these metros, giving move-up buyers a place to go.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Median Home Prices Hit $405,000 for the First Time

RIS Media

With demand beginning to moderate as some home shoppers are priced out of the market and new construction at near 16-year highs, inventory is expected to hit positive territory year-over-year this summer. New Listings: Change from March 2021: -3.4%. Median Days on Market: Change from March 2021: -11.

article thumbnail

Brand Report: RE/MAX Releases February National Housing Data

RIS Media

Conditions seem to be keeping some potential sellers on the sidelines, but that could change if or when they see more move-up options on the market. With seasonality, still-low interest rates, and gains in new construction, we hope to see some relief in supply during the coming months. Days on Market – Average of 53 Metro Areas.

article thumbnail

21 Marketing strategies to freshen up a stale listing

Real Trends

A home that might have sold for over-list price in less than a day with multiple offers a few months ago — even with bad iPhone photos and monstrous dust bunnies under the coffee table — is going to need a little more love now that we are feeling a market shift , seeing increased days on market and inventory is growing. .

Marketing 104
article thumbnail

Renting vs Buying in Windsor, CO: Which is Right for You?

Redfin

Competition This summer we have seen demand pick up again and the days on market have significantly dropped, so if you see a home you like, don’t wait too long. Do you want a new construction home or an older property with character? Are you looking for more space or a big backyard?

article thumbnail

Fremont Housing Market Forecast: Will it Crash in 2023 or 2024?

Marco Santarelli

The sale-to-list price ratio, a key indicator of market dynamics, indicates a competitive landscape favoring sellers, making it a pivotal point for those looking to put their homes on the market. This metric unveils the average duration a property stays listed before finding a new owner.