Days on market is a ‘mess.’ Should there be a national policy?

Inman

Connect Now MLS & Associations Select Cloud CMA cma comparative market analysis days on market dom Katie Smithson MLS policy NAR national association of realtors Real Estate Standards Organization Rene Galicia reso sam debord w&r studios

Homesnap launches AI-powered tool that predicts days on market

Inman

Select Technology AVM days on maket guy wolcott home search homesnap John Mazur Sell Speed zestimateSell Speed, the proprietary algorithm comprised of hundreds of up-to-the-minute data points, is available in beta for Homesnap Pro and Homesnap Pro+ users.

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

In Which I Solve the Days On Market “Mess”

Notorious ROB

Over at Inman, there’s a great writeup of a truly inside baseball topic: the confusion and controversy around Days On Market. Andrea Brambila wrote the report on a panel discussion between Sam Debord of RESO, Rene Galicia of NAR, and Katie Smithson of W+R Studios.

Existing-home sales continue to rise for fifth consecutive month: NAR

Inman

Existing-home sales in October 2020 were up 4.3 percent from the previous month and up 26.6 percent from one year ago, according to a report from the National Association of Realtors.

Sales 89

Home sales experienced record gains in October: Redfin

Inman

Home sales shot up 24 percent in October from the previous year on a seasonally adjusted basis, the largest increase since Redfin began tracking the data in 2012.

Sales 85

September was a record-breaking month for prices, sales and speed

Inman

Rising home prices, increasing sales and fewer days on market characterized a historic September in the United States, according to a report issued Monday by Redfin.

September is no longer the best month to buy a home

Inman

Markets & Economy Select best time to buy a home boston buyer competition Cambridge Camden cincinnati danielle hale days on market low inventory new listings activity newton philadelphia realtor.com Wilmington

Affordability trumps wildfire risk for homeowners on West Coast

Inman

Markets & Economy News Brief Select california climate change Daryl Fairweather days on market median home prices oregon Redfin washington wildfires

Nearly 400K Fewer Homes Listed Due to the Pandemic

Dwell

Since the beginning of the COVID pandemic in March, nearly 400,000 fewer homes have been listed on realtor.com compared to last year, according to realtor.com’s Weekly Housing Report from Sept. As a result, realtor.com home prices are accelerating at twice the pace they did last year, and homes are selling an average of 12 days faster. In Florida, the listing decline on realtor.com ranges from a 14.9 On average, U.S. How much has the U.S. housing inventory declined?

Palomar Carmel Valley

BubbleInfo

They listed this model home for $4,098,000 and it went pending in the first seven days on market (currently pending). The post Palomar Carmel Valley appeared first on bubbleinfo.com. Bubbleinfo TV Carmel Valley Jim's Take on the Market

JUST SOLD – St. John’s Townhouse

The Living Room

Portland’s single family housing market is on fire! The condo market…not so much. From August to October, North Portland condos averaged 62 days on market, selling at 96.6% John’s Townhouse appeared first on Living Room Realty.

Signs of Frenzy

BubbleInfo

Last month’s average days-on-market was 38 days, and the median was 14 days! […]. The post Signs of Frenzy appeared first on bubbleinfo.com. Frenzy Jim's Take on the Market

Brand Report: RE/MAX Says Home Sales Sizzle Amid All-Time Low Inventory, Rising Prices

RIS Media

August also set new report records for lowest inventory and days on market as well as highest median sales price. percent and marked the third-highest total in the report’s 13-year history covering 53 metro markets. Days on Market – Average of 53 Metro Areas.

5 Luxury Real Estate Markets on the Rise

Luxury Real Estate Blog

As the “work from anywhere” revolution carries on, the luxury real estate market continues to see a rise in popular leisure locales where residents have seized the opportunity to buy and relocate in areas away from the urban office. Average Days on Market: 195 – 22.3% ?.

The housing market is hot, but not in a bubble

Housing Wire

Days on market fell from 36 days to 21 days on a year-over-year basis. The housing market is hot. You may be told that future moderation indicates “cracks in the housing market, but don’t buy into it.

Brand Report: Three Months of Record-Breaking Home Sales

RIS Media

On average, homes sold in a mere 39 days—a full week faster than in September 2019. percent year-over-year as the number of homes on the market dropped to an all-time low in the 13-year history of the report. Days on Market – Average of 53 metro areas.

Here are 2020’s hottest housing markets according to ZIP code

Housing Wire

Compared to last year , the housing market this year has seen some big changes. Realtor.com released its hottest ZIP codes of 2020 report on Tuesday, which revealed that more towns in the Northeast made the list than last year.

Brand Report: RE/MAX National Housing Report for October 2020

RIS Media

And across 52 markets, the average of 38 days from listing to contract marked the fastest pace of any month in the report’s 13-year history. “The housing market continued its remarkable run in October, driven by high demand and historically low interest rates.

The Real Seattle Housing Market Report | Home Prices and Trends

Mandrona Group

SEATTLE HOUSING MARKET. Get the average home price, days on market, inventory, professional opinion, video, infographic and more. King County Home Information Market Reports Real Estate Blog Seattle Home Information

Park City Real Estate Market Update – Spring 2020

Luxury Real Estate Blog

Questions and opinions about the Park City real estate market seem to be uttered nearly as frequently as the latest news on the pandemic, the two of which are admittedly intertwined. Prices remaining on the rise is great news for sellers.

Brand Report: July Home Sales Jump 8.7% Despite Low Inventory, Ending Recent Skid

RIS Media

July’s market was blistering hot despite the lowest Months Supply of Inventory (1.7 July set a report record for most home sales in any month among the report’s 53 metro markets. “Home sales typically peak in May or June, but this year we’re seeing an overlap of the spring and summer markets. Days on Market averaged 44, an increase from 43 the previous July. Days on Market – Average of 53 metro areas.

Zillow: Mid-Sized Markets Leading in Growth

RIS Media

Now, however, according to Zillow , mid-sized cities such as Boise, Syracuse and Portland, Maine are now leading the country as “top markets poised for growth.” The analysis considered several factors, such as market demand, continued opportunity for growth, recent and forecasted home value growth, the share of homes sold above list price, and days on market. The post Zillow: Mid-Sized Markets Leading in Growth appeared first on RISMedia.

Park City Housing Market Update – June 2020

Luxury Real Estate Blog

A busy spring evening on Park City’s iconic Main Street. The Park City housing market is also experiencing a rebirth. We have brought three new listings to market in the last two weeks, one of which went under contract the same day, and there are five more listings in the works.

Zillow Predicts Market Slowdown on Its Way

RIS Media

Is the market frenzy coming to an end? According to Zillow’s Weekly Market Report for the week ending Sept. 26, “tapering pending sales and minimal recent growth in list prices point to an overdue seasonal market slowdown.”

3 Tips to Get a Difficult Listing Sold

RIS Media

If you have a tough listing that keeps acquiring more and more days on market, it can be frustrating for both you and your seller clients. That’s why we sat down with national real estate coach Sherri Johnson to get her advice on how to get a difficult listing sold.

Sellers Join the Market Amid Buying Frenzy, Total Inventory Still Down

RIS Media

This year has seen a variety of changes across several industries due to the coronavirus, and that includes the real estate market. According to a new Zillow’s recently Weekly Market Report pending sales are up 25.5 With few homes on the market, properties are going fast.

Sales 70

The Market Recovery Puzzle: Inventory the Missing Piece

RIS Media

The real estate markets have been slowly recovering after the economy took a hit in the first months of the coronavirus pandemic. 8, the Housing Market Recovery Index reached 105.6 ” The post The Market Recovery Puzzle: Inventory the Missing Piece appeared first on RISMedia.

Los Angeles County Real Estate Market Update | July 2020

First Team Real Estate

The most impressive metric from the Los Angeles County real estate market report is a jump in median sale prices. There were 9,031 active properties last month and an expected days on market of 39 days across the county.

Park City Housing Market Update – October 2020

Luxury Real Estate Blog

After a long, hot, and very busy summer, town feels a little bit quieter these days. The Park City housing market seems like it is following suit in just the last week or two. Average number of days on the market for September are 41, down 23.9%

Land 52

Buyers Paying Summer Prices in October, Homes Selling Faster

RIS Media

While a seasonal slowdown may be approaching, buyers are currently paying summer-high prices and homes are flying off the market. According to realtor.com®’s Monthly Housing Trends report for October , homes sold in 53 days this month—13 days faster than last year and one day faster than September. Which areas are experiencing the most activity in terms of days on market? Housing MarketIt’s more of the same for October.

Realtor.com® Report: Buyer Trends Moving to the Suburbs

RIS Media

Homes that were once sitting on the market due to their size and location, are now the preferred choice. According to a recent report from realtor.com ®, suburban homes are seeing stronger price appreciation, shorter days on market and more views on realtor.com® than in urban areas.

Park City Housing Market Update – July 2020

Luxury Real Estate Blog

Town has been noticeably more busy, including a lot of out of state visitors and home shoppers, and the Park City housing market is following suit. Nationally, the average days on market is 13 days more than at this time in 2019.

Affordable Areas Outside Big Cities Are Heating Up the Fastest As the Pandemic Changes Homebuyers’ Priorities

Redfin

Nine of the 10 markets where homebuyer competition has intensified the most since last year have median sale prices below $500,000 despite seeing price growth of at least 10% over the last year. . housing markets that have heated up and cooled down the most over the past year.

Realtor.com®: Listing Prices Surprise with Fastest Growth Since January 2018

RIS Media

Here’s the market breakdown for the week ending August 15: New Listings: -11 percent YoY. Days on Market: 4 days faster YoY. “With supply and demand moving in opposite directions, sellers are clearly gaining the upper hand in the market as buyer competition builds up and prices gain momentum going into the fall,” said Javier Vivas, director of economic research for realtor.com ®. The U.S. median listing price grew 10.1

Providing Buyers and Sellers With Extraordinary Service, Uncompromising Ethics and Exceptional Knowledge

RIS Media

“Our relationship started with HMS and Bill Smith, an amazing rep in our market,” says Parks. And in a competitive market, the seller’s coverage offers an advantage for negotiations,” says Parks. Parks.