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.

Despite cooling housing market, pending sales continue to climb

Inman

Data Markets & Economy Select above asking price active listings bidding wars days on market (DOM) homebuyer demand median home price mortgage applications new listings pending sales price drops RedfinDuring the four-week period ending Sept.

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California’s scorching-hot housing market expected to stay ‘incredibly competitive’

Inman

California Association of Realtors blames lack of supply for "terrible consequences" on quality of life for potential buyers.

June home sales see largest decline since 2012: Redfin

Inman

Homes also sold at their priciest and quickest pace on record during June, but Redfin said that sales pace and market competition have now likely peaked for 2021.

Sales 135

Ohio’s largest MLS ditches ‘Coming Soon’ status

Inman

MLS & Associations Select carl demusz Clear Cooperation Policy coming soon days on market fair housing mls now NAR national association of realtors pocket listings sight unseen

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March was the hottest month in housing history

Inman

Agent Markets & Economy days on market home price growth March 2021 home sales march home sales median home sale price new listings RedfinThe median home price rose 17 percent annually to $353,000, according to Redfin's March housing report.

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.

Sales 134

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 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

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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.

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.

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.

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.”.

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

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 135

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 133

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.

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

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

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.

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

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?

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.

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.

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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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

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.

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 405

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.

Sales 268