article thumbnail

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 430
article thumbnail

Brand Report: RE/MAX Releases February National Housing Data

RIS Media

Conditions seem to be keeping some potential sellers on the sidelines, but that could change if or when they see more move-up options on the market. With seasonality, still-low interest rates, and gains in new construction, we hope to see some relief in supply during the coming months. Days on Market – Average of 53 Metro Areas.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How to Do Real Estate Market Analysis in 2023?

Marco Santarelli

Industry Diversification A market with a diversified range of industries offers less market volatility in harder economic times or recessions. A market driven largely by one or two industries tends to be affected harder than more diversified markets and takes longer to recover afterward.

article thumbnail

Median Home Prices Hit $405,000 for the First Time

RIS Media

With demand beginning to moderate as some home shoppers are priced out of the market and new construction at near 16-year highs, inventory is expected to hit positive territory year-over-year this summer. New Listings: Change from March 2021: -3.4%. Median Days on Market: Change from March 2021: -11.

article thumbnail

Renting vs Buying in Windsor, CO: Which is Right for You?

Redfin

Since the early 2000’s there have been many new home communities that have allowed for growth in the area, but that growth is also supported by a variety of industries, including many companies in the green sector. Do you want a new construction home or an older property with character?

article thumbnail

Fremont Housing Market Forecast: Will it Crash in 2023 or 2024?

Marco Santarelli

The sale-to-list price ratio, a key indicator of market dynamics, indicates a competitive landscape favoring sellers, making it a pivotal point for those looking to put their homes on the market. This metric unveils the average duration a property stays listed before finding a new owner.

article thumbnail

The Atlanta 2023 Housing Market "at the Half"

Hank Miller Team

Several West Coast markets tanked for reasons not fully discussed, most are still trying to find solid ground. This region is diverse in employment, continues to grow the film and media industry and is a landing spot for many new college grads. Still a sellers market, just not as bonkers for buyers. Not Greater Atlanta.