Days on market drops by nearly 50% amid inventory crisis

Inman

percent year over year, but demand continues to outpace new listings, leading to increasingly fewer days on market. Markets & Economy News Brief Select contracts COVID-19 housecanary inventory Jeremy Sicklick low inventory median home price new listing volume new listings

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

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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.

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.

Bubble Trouble: The housing crash will be even worse than I predicted

Inman

This is the homeseller market crash. In this first of two opposing opinion pieces on the housing crash, Chris Drayer shares why the classic phrase "now is the time to buy" couldn't be farther from the truth.

Median home-sale price reaches all-time high of $335,613

Inman

Although the market is currently red-hot, Redfin's latest report released on Friday revealed that homebuyers may give up as home prices continue to grow.

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Why the nation’s largest MLS is declaring Saturday a work day

Inman

MLS & Associations Select art carter California Regional MLS Clear Cooperation Policy crmls days on market NAR national association of realtors pocket listings the pls ThePLS.com

MLS 130

December home value growth shatters records: Zillow

Inman

Markets & Economy Select austin boston chicago home value growth Jeff Tucker los angeles low inventory market low mortgage rates median days on market pending sales phoenix rent growth rental market salt lake city san diego san jose seattle Sun Belt washington d.c.

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.

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.

Homes sold faster in October than September for first time since 2011

Inman

Markets & Economy Select danielle hale days on market fall homebuying season home prices home sales realtor.comFor the first time in nine years, homes sold faster in October than September as low-interest rates continue to unlock pent-up buyer demand.

America’s Hottest Neighborhoods: Willow Glen in San Jose, California

Inman

12 in 21 Agent adobe America's Hottest Neighborhoods apple cupertino days on market google hot neighborhoods inventory investors lending tree median sales price NHL Niche.com palo alto paypal pending home sales price appreciation san francisco san jose silicon valley U.S.

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 143

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 134

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

More than half of all existing homes sold above asking price in May

Realty Biz

has forced numerous home buyers into bidding wars on the few available listings they can find, and as a result, more than half of all existing homes sold for above their list price in the four-week period ending May 23. But until then the housing market will remain red-hot.”.

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.

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

Sarasota's 10 Most Expensive Sales in 2020

Dwell

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.

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.

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?

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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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.”.

Sales 404

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.

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

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.

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

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.

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.

COVID couldn’t stop the U.S. housing market in 2020

Housing Wire

This also closed the books on 2020’s housing market as we finished out the year at 5,640,000 total existing-home sales — a 5.6% The COVID crisis of 2020 was responsible for a lot of abnormal metrics in the housing market.

Pending in Scappoose!

The Living Room

They were excited to go pending on the second day on market due to receiving an offer they couldn’t refuse! appeared first on Living Room Realty. My happy sellers listed their house in hopes of having a quick sale.

Brand Report: RE/MAX Releases February National Housing Data

RIS Media

from January’s and 42% year-over-year, as buyers continued to close on properties in greater numbers than sellers opted to list their homes. “It’s a complicated, competitive market, with buyers having to act quickly and aggressively to get the home they want.

Brand Report: RE/MAX National Housing Report for January 2021

RIS Media

That followed four consecutive months of year-over-year sales increases of 19% to 22% on the heels of pandemic lockdowns. Uncommonly low interest rates, the ascent of the millennial homeowner and the prospect of working from anywhere are converging to shape a housing market unlike any other.

Friday Update

BubbleInfo

days on market. The post Friday Update appeared first on bubbleinfo.com. 2021 About the author Carlsbad Jim's Take on the Market Market Surge Why You Should List With JimFriday Wrap-Up!

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.

Corbett Mid-Century Home Swept Off the Market

The Living Room

Like many homes on the market, especially coveted mid-century houses, this property sold for $40,000 above the listing price. 6 Days on Market (In this case we extended the market time to make sure folks had time to drive out to Corbett!).

Brand Report: RE/MAX March 2021

RIS Media

Meanwhile, the pace of sales accelerated—to the fastest rate on record for the month of March—dropping an already strained housing inventory to nearly half of what it was a year ago. “It’s definitely a seller’s market right now, and homes are selling at a feverish pitch, further crimping this historically low inventory situation,” said Adam Contos, CEO of RE/MAX Holdings, Inc., Days on Market – Average of 53 Metro Areas.

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

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.