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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 Agents, one of the biggest factors in property sales is pricing.

MLS 463
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Brand Report: Three Months of Record-Breaking Home Sales

RIS Media

The streak of record-shattering home sales stretched to three months in September, as closings rose 21.1 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. Nashville, Tenn.,

Branding 128
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What Most Agents Get Wrong About Follow Up (and 6 Strategies that Work)

BAM Media

Is there a piece of sales data or a new home offering that a prospect or a client should be aware of? They want to know what’s going on in the local market. So, use your MLS to determine what’s happening in the zip code, the township, the town, the city, the school district, however your market is searched and divided.

Agents 105
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Brand Report: RE/MAX Reports May Home-Sales Slump

RIS Media

Sales dipped 0.2% drop in listed homes at a time of year when active inventory is normally building for peak summer sales months. But two other metrics confirm that the frenzied seller’s market marches on: Months supply of inventory dropped to 1.1 months and homes changed hands in a mere 28 days. May’s 1.1

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Brand Report: July Home Sales Jump 8.7% Despite Low Inventory, Ending Recent Skid

RIS Media

In a significant upward shift, July home sales rose 8.7% over July 2019, halting a streak of year-over-year sales declines triggered by the COVID-19 pandemic. July’s market was blistering hot despite the lowest Months Supply of Inventory (1.7 Seven months into 2020, home sales are just 4.8% year-over-year.

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

The Close

When supply exceeds demand, we see a buyer’s market. This phenomenon means there are fewer buyers than there are homes for sale. 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. We’ve got you covered.

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

RIS Media

June created the perfect trifecta for a hot housing market: June home sales and prices both set report records, while inventory grew for the first time in 15 months. The month of June, typically the biggest month of the year for home sales, saw sales soar 14.2% The number of homes for sale, meanwhile, grew 1.9%