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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 419
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How Smart Investors Decipher & Respond to Real Estate Market Cycles

The Close

In any given moment, we can look to certain indicators to suggest what market stage an area may be in: Active housing inventory. Real estate sales by unit. This is because the market is still experiencing a feeding frenzy from buyers and investors looking to cash in on the appreciation from the previous cycle. Housing values.

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Seller’s vs. Buyer’s Market: A Seller’s Guide to Decoding Market Conditions

HomeLight

An ample supply (lots of homes for sale) and limited demand (fewer buyers) leads to a buyer’s market. Conversely, lack of supply (fewer homes for sale) and abundant demand (lots of buyers) results in a seller’s market. When you’re selling, the type of market you’re in makes all difference to your bottom line.

Marketing 109
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Pittsburgh Housing Market: Prices | Trends | Forecasts 2022

Marco Santarelli

In fact, the Pittsburgh housing market has seen the fewest number of homes actively listed for sale in 2021 The shortage of houses available for sale in Pittsburgh has led to higher demand and rising prices, especially in moderate-income neighborhoods. It considers the Pittsburgh housing market to only be somewhat competitive.

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Sell Your House Fast in Miami: Expert Strategies for a Quick Sale

HomeLight

If you need to sell your house fast in Miami, whether you’ve inherited a property, you’re relocating for work, need to cash out your home’s equity fast, or are looking to put a divorce behind you, the two best strategies are: 1) seek out a cash offer, or 2) work with a top real estate agent.

Sales 101
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2022 Housing Market Year In Review: Looking Back on a Historic Year

Redfin

In March, the median sale price rose 16.8% Despite a quickly cooling housing market, prices are still higher today than any previous year on record. . The median sale price of a home in San Francisco was $1,505,000 in 2022, up 0.3% Median sale price. The median sale price for a home in Detroit was $165,000 in 2022, up 3.3%

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2023 Housing Market Year In Review: A Market Ruled by Mortgage Rates

Redfin

18 housing trends that defined the year, including record mortgage rates, depleted inventory, and dwindling home sales 2023 was a difficult year for the housing market. The spring homebuying season never happened , housing inventory remained historically low throughout the year, and sales plummeted. New York, NY $684,500 +0.4%