What Do Days On Market Mean to Home Buyers

Mandrona Group

Here’s a sweet analogy for Days on Market – think of a home for sale like your favorite bread or. Read More. Buyer Presentation Home Buyer Real Estate Blog Real Estate FAQ Real Estate Terms

Will the housing market continue its hot streak in 2022?

Housing Wire

As we approach the end of another hot year for the market, homebuyers and sellers are eagerly looking ahead to the 2022 housing market. Will the market continue its streak of strong growth, or are we finally about to see a slow down? appeared first on HousingWire.

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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.

Bidding wars are starting to cool off

Housing Wire

For the fifth consecutive month the number of bidding wars on home sales declined, according to a new report from brokerage Redfin. of offers written by Redfin agents ended up in a bidding war, the lowest rate so far in 2021 and nearly on par with the September 2020 bidding war rate of 58.3%.

Is Your Listing’s ‘Days on Market’ Scaring Off Buyers? Here’s How To Fix It

Realtor.com

If your "days on market" metric is too high, you might be totally killing your sale. The post Is Your Listing’s ‘Days on Market’ Scaring Off Buyers? Here’s How To Fix It appeared first on Real Estate News & Insights | realtor.com®. Sell home improvement home selling housing marketSorry, sellers. Here's what you need to know, and how to fix it.

Now vs. Then: Today’s Housing Market Looks Starkly Different From Before COVID-19

Realtor.com

Realtor.com / Getty Images Today’s highly competitive housing market looks quite different from how it did before COVID-19 struck. For buyers, the market is likely to continue to move fast. If you see a home you like, you want to jump on it right away.”

‘The Fever … Has Broken’: Is the Housing Market Frenzy Really Going To Cool Off This Fall?

Realtor.com

This fall, the white-hot housing market is expected to continue to cool like the temperatures outside. The post ‘The Fever … Has Broken’: Is the Housing Market Frenzy Really Going To Cool Off This Fall? appeared first on Real Estate News & Insights | realtor.com®. Trends buyers Coronavirus days on market fall first time home buyers home buyers home inventory home prices home sellers Housing housing market Low inventory pandemic recession Sellers supply

Going, Going, Gone! Homes Are Selling the Fastest in These Markets

Realtor.com

Searching for a house can feel like a full-time job these days—an adrenaline-fueled, palpitation-inducing job at that. It might seem like no matter where you look, homes are selling quicker than before the COVID-19 pandemic turned the market on its head.

The Best Week of the Year for Homebuyers To Purchase Property

Realtor.com

The post The Best Week of the Year for Homebuyers To Purchase Property appeared first on Real Estate News & Insights | realtor.com®. Trends best days to buy a home best time to buy a house Coronavirus days on market first time home buyers home buyers home inventory housing market pandemicHomebuyers have been faced with sky-high prices, epic bidding wars, and a historic inventory shortage. But if they wait a little longer, they may get an edge.

Why Is the U.S. Housing Market So Out of Whack? What Homebuyers Need To Know Right Now

Realtor.com

The housing market is starting to cool a bit, but before buyers start celebrating, let's consider what a “normal” housing market even looks like. Housing Market So Out of Whack? What Homebuyers Need To Know Right Now appeared first on Real Estate News & Insights | realtor.com®. Trends data journalism days on market economic trends home prices housing data housing market inventory levels mortgage rates new home construction

Not Too Big, Not Too Small: The Sweet Spot for Luxury Home Sellers

Realtor.com

Last year, homes in the top 1% by price nationwide that measured between 5,000 and 10,000 square feet were on the market for an average of 97 days before selling. They’re just flying off the market.”. But even in this hot market, correct pricing is still critical.

When will mortgage rates get over 4%?

Housing Wire

Since the summer of 2020, I have argued that if mortgage rates could get over 3.75% , days on market would rise and the rate of price growth would cool. We need the days on market to grow out of the teenager stage. appeared first on HousingWire.

How Fast Do Homes Sell in Boston?

Realty Biz

Boston’s real estate market is one of the fastest growing housing markets in the nation over the past decade. As a result, homes for sale in Boston tend to get snatched up quickly when they hit the market. days during the same time span.

Housing inventory crisis continues in 2022

Housing Wire

This level, while historically still low, will mean the days on market will go higher, and this will give people choices. Here are two charts from the National Association of Realtors that will show that homes simply come off the market too fast to give housing a breather.

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Existing home sales now outperforming

Housing Wire

If home sales moderate from these levels, that would be perfectly normal to me because clearly now the existing home sales market is outperforming my expectations with these last two sale prints. There has been a lot of hype that this entire housing market is driven by investors.

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There’s nothing frozen about Anchorage real estate

Housing Wire

On Dec. But in a real estate economy that has made destination cities out of the likes of Boise, Idaho and Manchester, New Hampshire, perhaps it’s no surprise that there is nothing dark or cold about the Anchorage housing market. But if it is a nice home people are moving on it fast.”.

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5 Reasons Today’s Housing Market Is Anything but Normal

Keeping Current Matters

There are many headlines out there that claim we’re reverting to a more normal real estate market. That would indicate the housing market is returning to the pre-pandemic numbers we saw from 2015-2019. Days It Takes To Sell a Home. There are twice as many offers on each house. …it’s

Happy 4th of July

BubbleInfo

Of the 1,682 NSDCC houses sold this year, the median list price was $1,800,000, the median sales price was $1,850,050, and the median days on market was 12. Jim's Take on the Market

Holy October!

BubbleInfo

Looking at the monthly selling trends, average days on market, and a price to sale amount ratios over the last years……these are the best months to sell a home across the U.S. Jim's Take on the Market Thinking of Selling?

Sarasota's 10 Most Expensive Sales in 2020

Dwell Real Estate

In March, Realtors felt certain COVID-19 was going to soften and slow down the market but quite the opposite happened. 139 S WASHINGTON DR Sold Price - $11,000,000 Bedrooms - 5 Bathrooms - 6/1 Square Feet - 7,817 Year Built - 1936 Days on Market - 63 Neighborhood - St. 2020 was an unforgetable year and a rollercoaster from start to finish. In fact, these top 10 sales averaged a higher sale price and square footage than the top sales we blogged about in 2019.

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

Will the Housing Market Maintain Its Momentum?

Keeping Current Matters

Some see this as evidence that the red-hot real estate market may be cooling. Days-on-market are swift, multiple offers are prevalent, and buyer confidence is rising.” The residential real estate market will benefit from both as we move forward.

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.

Brooklyn Homes Flying Off Shelves, Speed Nears 2016 Boom

Brownstoner

Brooklyn homes are selling like the borough's famous cheesecake, according to StreetEasy, spending a median of 50 days on the market in the second quarter. The… Read More > The post Brooklyn Homes Flying Off Shelves, Speed Nears 2016 Boom appeared first on Brownstoner.

Nearly 400K Fewer Homes Listed Due to the Pandemic

Dwell Real Estate

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?

The ugly side of housing: low inventory

Housing Wire

After eight months of consecutive gains, the consequences of low inventory finally caught up with the housing market in February. A healthy housing market is considered roughly six months of supply. Only the upper-end market is experiencing more activity because of reasonable supply.”.

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Brand Report: RE/MAX National Housing for August 2021

RIS Media

Despite these drops, August still almost broke records for home sales signaling a still-hot market. August’s low number of days on market (24) and meager months supply of inventory (1.3) Days on Market – Average of 51 Metro Areas.

3 Graphs Showing Why You Should Sell Your House Now

Keeping Current Matters

There’s no doubt that 2021 is the year of the seller when it comes to the housing market. Low mortgage rates are in your favor when you’re ready to purchase your dream home, and high buyer demand may give you the leverage you need to negotiate the best contract terms on the sale of your house.

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Reasons You Should Consider Selling This Fall

Keeping Current Matters

The ultimate sellers’ market we’re in today won’t last forever. According to the Realtors Confidence Index released by the National Association of Realtors (NAR), homes continue to sell quickly – on average, they’re selling in just 17 days.

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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

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.

Sarasota's 10 Most Expensive Sales in 2020

Dwell Real Estate

In March, Realtors felt certain COVID-19 was going to soften and slow down the market but quite the opposite happened. Year Built - 1936 Days on Market - 63 Neighborhood - St. Year Built - 2010 Days on Market - 230 Neighborhood - Sanderling Club. Year Built - 2008 Days on Market - 15 Neighborhood - Siesta Key. Year Built - 2003 Days on Market - 13 Neighborhood - Lido Shores.

Nearly 400K Fewer Homes Listed Due to the Pandemic

Dwell Real Estate

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. In Florida, the listing decline on realtor.com ranges from a 14.9% On average, U.S.

Here’s the key to being an empowered real estate professional in 2022

Housing Wire

market experts are rolling out?all a buyer’s market. ? . educated guesses on what pattern will fall into place next. Why focus on what the national experts are saying when you could be an expert in your very own market??? . certain neighboring market’s?homes

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Most Competitive Neighborhoods in Richmond, VA to Buy a House

Redfin

Combined with a growing job market and affordable housing, it’s no wonder why people are flocking to this vibrant city. . Whether you’re a first-time homebuyer or seasoned property owner on the hunt for a new home, be prepared to face some stiff competition in most neighborhoods.

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RE/MAX Brand Report: National Housing in April 2021

RIS Media

On average, April home sales took just 32 days from listing to going under contract, while the median sales price rose to $320,000—both new records in the 13-year history of the report. “The 32 days on market average—a report record—is noteworthy, too.

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.