article thumbnail

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

Housing Wire

What matters for your market (wherever you are) is what patterns are developing near you. new listings, sold listings, days on market, off-market listings?—?will the trends and patterns that are unique to your market and will allow you to?identify?any up-to-date, reliable data comes directly from your MLS.

MLS 426
article thumbnail

Buyer’s Market vs Seller’s Market: What’s the Difference?

The Close

Competition is lower for a home, and the number of days on market increases for listings. A buyer’s market can be determined by calculating the months of inventory. Anything more than six months is traditionally considered a buyer’s market. Traditionally, the number of days on market is low.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Brand Report: Three Months of Record-Breaking Home Sales

RIS Media

Days on Market – Average of 53 metro areas. The average days on market for homes sold in September 2020 was 39, down two days from the average in August 2020, and down seven days from the average in September 2019. The metro area with the lowest days on market was a tie between Omaha, Neb.,

Branding 125
article thumbnail

My Forbes Column: Keeping Housing Market Results From The Public Is Never Justified: An Expansive View

Miller Samuel INC

That was the beginning of the problem this crisis posed for the industry that lives and dies on sales and rental transactions. From my experience there it was clear to me that the accuracy of the information our office possessed was critical to all parties for the market to function. Days on market during Covid-19.

article thumbnail

Brand Report: RE/MAX Says June Created ‘Perfect Trifecta’ for Hot Housing Market

RIS Media

June’s average days on market of 24 was four days less than May’s and represented a faster sale by 21 days compared to June 2020. Days on Market – Average of 53 Metro Areas. The highest days on market averages were in Miami, Florida, at 80, Des Moines, Iowa, at 73, and New York, New York, at 67.

article thumbnail

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

RIS Media

Days on market averaged 40—a January record and nearly three weeks less than the 59 days of a year ago. The report record for fewest average days on market is 36 days, set in November 2020. Highlights and the local markets leading various metrics for January 2021 include: Closed Transactions.

article thumbnail

Brand Report: RE/MAX National Housing Analysis for November 2020

RIS Media

markets included: – The median sales price of $292,000 was up 13.8 – Days on market was a mere 36—down nearly two weeks from last year’s 49. “The nearly 20 percent year-over-year gain in sales is another sign of the housing market’s enduring strength and appeal. percent from November 2019.