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10 Housing Markets Cooling the Fastest in 2023

Broke Agent Media

Is your market heating up or slowing down this spring? The dichotomy of the current market has some areas seeing multiple offers flood in while others are experiencing a slower pace and a rise in seller concessions. So, which markets are cooling off the quickest? Strong workforce.

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A top agent’s take on 2023 housing trends

Real Trends

Real estate is a roller coaster for most agents: tough market conditions, personnel issues and fierce competition can leave any agent or other entrepreneur feeling defeated. An increasing number of agents are exiting the industry because of these roller coaster conditions.

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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. In this scenario, sellers have the upper hand in negotiations.

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How Much Should I Budget to Sell My House? Here’s the Average Cost

HomeLight

Keep in mind that fees may vary widely based on your location, market conditions, and whether your home requires repairs before selling. We detail what costs you’re likely to incur and what sellers pay on average. Sample seller expenses for a $453,300 house. Cost to seller. Seller concessions. < 1%.

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When Is the Best Time to Buy a House in Arizona?

HomeLight

For this reason, many industry publications will advise that you buy in January or February for a better price. Similar to any market, there are a few things to look for when shopping for a home in Arizona that might land you a sweet discount on the upfront purchase. When is the best time of year to buy a house in Arizona?

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

Redfin

Other contributors to the quieter rental market: Strong new construction in the apartment industry, and fewer new households forming (two or more people living together). Median days on market soared beyond one month as the market cooled In 2023, homes spent an average of 37 days on the market , a full ten days more than 2022.

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

HomeLight

This process takes away the stress and uncertainty that comes with listing your home traditionally and dealing with buyers who come with contingencies and want seller concessions. The Friendly Home Buyer focuses on speed and promises cash sale closings in as little as three days. The company has 4.6

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