Hank Miller Team
JULY 12, 2023
However, personal spending remains high and debt is piling up a record levels; the average car payment is pushing $750/mo before insurance, and that's for a 72 mo loan. Listing inventory down as well, in the mix is the dearth of new construction when builders slammed on the brakes. Fewer buyers, fewer contract and sales.
McKissock
NOVEMBER 20, 2020
. “One way to gain a better understanding of market reaction,” she advises, “is through completing relocation appraisals in which an appraiser closely monitors days on market, current active competition, withdrawn and expired listings, and overall real estate trends and heavily focuses on a home’s marketability.”
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
HomeLight
APRIL 29, 2021
The number of days on market (DOM), which marks how long a home is on the market before the seller accepts an offer, typically drops. In a balanced market, marketing time typically lasts around six weeks , according to The National Association of Realtors® (NAR). Factors that lead to a seller’s market.
Realtor.com
DECEMBER 1, 2022
The housing market has been red-hot for the past several years, but rising mortgage rates have recently pumped the brakes, nearly doubling over the past year and spiking in late October to a 20-year high of 7.08% for a 30-year fixed-rate loan. “In fact, new home sales picked up slightly in October,” says Hale.
HomeLight
APRIL 5, 2023
In addition, builders can be incentivized to negotiate to clear new construction inventory at the end of the year. It’s also very tech driven so tech companies coming to the area and tech layoffs affect the surrounding housing markets. Interest rates are constantly changing and the California housing market moves fast.
HomeLight
APRIL 14, 2023
And they can sell it faster , too, reducing the days on market and allowing you to move on from a divorce, sell a home you inherited, or jump into your next adventure. The days on market (DOM) — number of days between listing and a signed contract — really depends on individual neighborhoods.
Marco Santarelli
NOVEMBER 10, 2020
Median days on market – 5 days (down 10 days). The extreme shortage of existing homes and increasing share of new home sales drove prices up. In Jan 2020, the share of new home sales in Ada County increased by 8.2% About 40% of all home sales were new constructions. compared to last year.
Expert insights. Personalized for you.
40 
Let's personalize your content