Days on market drops by nearly 50% amid inventory crisis

Inman

percent year over year, but demand continues to outpace new listings, leading to increasingly fewer days on market. Markets & Economy News Brief Select contracts COVID-19 housecanary inventory Jeremy Sicklick low inventory median home price new listing volume new listings

Days on market is a ‘mess.’ Should there be a national policy?

Inman

Connect Now MLS & Associations Select Cloud CMA cma comparative market analysis days on market dom Katie Smithson MLS policy NAR national association of realtors Real Estate Standards Organization Rene Galicia reso sam debord w&r studios

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Homesnap launches AI-powered tool that predicts days on market

Inman

Select Technology AVM days on maket guy wolcott home search homesnap John Mazur Sell Speed zestimateSell Speed, the proprietary algorithm comprised of hundreds of up-to-the-minute data points, is available in beta for Homesnap Pro and Homesnap Pro+ users.

In Which I Solve the Days On Market “Mess”

Notorious ROB

Over at Inman, there’s a great writeup of a truly inside baseball topic: the confusion and controversy around Days On Market. Andrea Brambila wrote the report on a panel discussion between Sam Debord of RESO, Rene Galicia of NAR, and Katie Smithson of W+R Studios.

Going, Going, Gone! Homes Are Selling the Fastest in These Markets

Realtor.com

Searching for a house can feel like a full-time job these days—an adrenaline-fueled, palpitation-inducing job at that. It might seem like no matter where you look, homes are selling quicker than before the COVID-19 pandemic turned the market on its head.

Bubble Trouble: The housing crash will be even worse than I predicted

Inman

This is the homeseller market crash. In this first of two opposing opinion pieces on the housing crash, Chris Drayer shares why the classic phrase "now is the time to buy" couldn't be farther from the truth.

March was the hottest month in housing history

Inman

Agent Markets & Economy days on market home price growth March 2021 home sales march home sales median home sale price new listings RedfinThe median home price rose 17 percent annually to $353,000, according to Redfin's March housing report.

Why the nation’s largest MLS is declaring Saturday a work day

Inman

MLS & Associations Select art carter California Regional MLS Clear Cooperation Policy crmls days on market NAR national association of realtors pocket listings the pls ThePLS.com

MLS 130

December home value growth shatters records: Zillow

Inman

Markets & Economy Select austin boston chicago home value growth Jeff Tucker los angeles low inventory market low mortgage rates median days on market pending sales phoenix rent growth rental market salt lake city san diego san jose seattle Sun Belt washington d.c.

September was a record-breaking month for prices, sales and speed

Inman

Rising home prices, increasing sales and fewer days on market characterized a historic September in the United States, according to a report issued Monday by Redfin.

Homes sold faster in October than September for first time since 2011

Inman

Markets & Economy Select danielle hale days on market fall homebuying season home prices home sales realtor.comFor the first time in nine years, homes sold faster in October than September as low-interest rates continue to unlock pent-up buyer demand.

Existing-home sales continue to rise for fifth consecutive month: NAR

Inman

Existing-home sales in October 2020 were up 4.3 percent from the previous month and up 26.6 percent from one year ago, according to a report from the National Association of Realtors.

Sales 143

Home sales experienced record gains in October: Redfin

Inman

Home sales shot up 24 percent in October from the previous year on a seasonally adjusted basis, the largest increase since Redfin began tracking the data in 2012.

Sales 134

September is no longer the best month to buy a home

Inman

Markets & Economy Select best time to buy a home boston buyer competition Cambridge Camden cincinnati danielle hale days on market low inventory new listings activity newton philadelphia realtor.com Wilmington

America’s Hottest Neighborhoods: Willow Glen in San Jose, California

Inman

12 in 21 Agent adobe America's Hottest Neighborhoods apple cupertino days on market google hot neighborhoods inventory investors lending tree median sales price NHL Niche.com palo alto paypal pending home sales price appreciation san francisco san jose silicon valley U.S.

More than half of all existing homes sold above asking price in May

Realty Biz

has forced numerous home buyers into bidding wars on the few available listings they can find, and as a result, more than half of all existing homes sold for above their list price in the four-week period ending May 23. But until then the housing market will remain red-hot.”.

Not Too Big, Not Too Small: The Sweet Spot for Luxury Home Sellers

Realtor.com

Last year, homes in the top 1% by price nationwide that measured between 5,000 and 10,000 square feet were on the market for an average of 97 days before selling. They’re just flying off the market.”. But even in this hot market, correct pricing is still critical.

The housing market is hot, but not in a bubble

Housing Wire

Days on market fell from 36 days to 21 days on a year-over-year basis. The housing market is hot. You may be told that future moderation indicates “cracks in the housing market, but don’t buy into it.

Will the Housing Market Maintain Its Momentum?

Keeping Current Matters

Some see this as evidence that the red-hot real estate market may be cooling. Days-on-market are swift, multiple offers are prevalent, and buyer confidence is rising.” The residential real estate market will benefit from both as we move forward.

Here are 2020’s hottest housing markets according to ZIP code

Housing Wire

Compared to last year , the housing market this year has seen some big changes. Realtor.com released its hottest ZIP codes of 2020 report on Tuesday, which revealed that more towns in the Northeast made the list than last year.

COVID couldn’t stop the U.S. housing market in 2020

Housing Wire

This also closed the books on 2020’s housing market as we finished out the year at 5,640,000 total existing-home sales — a 5.6% The COVID crisis of 2020 was responsible for a lot of abnormal metrics in the housing market.

Zillow Predicts Market Slowdown on Its Way

RIS Media

Is the market frenzy coming to an end? According to Zillow’s Weekly Market Report for the week ending Sept. 26, “tapering pending sales and minimal recent growth in list prices point to an overdue seasonal market slowdown.”

Atlanta Real Estate Market Overview 2020

Norada Real Estate

This article has been updated to reflect recent changes in the Atlanta real estate market due to COVID-19. Metro Atlanta housing market has experienced a smooth recovery by far. A value of 100 means the Atlanta real estate market has recovered to January 2020 pace.

NYC Real Estate Market 2020 Overview

Norada Real Estate

Let’s take a look at the current state of the NYC real estate market amid the coronavirus pandemic. On the page, you'll find the latest housing market reports for NYC and also for the state of New York. NYC Real Estate Market Prices & Trends Before COVID-19.

Dallas Real Estate Market 2020 Overview

Norada Real Estate

The Dallas housing market has recovered from the impact of the Coronavirus pandemic. There's about a 2.7-months supply of homes for sale in Dallas County, which is well below what’s considered to be a balanced real estate market. Much of it is dependent on factors you can’t control.

Nashville Real Estate Market Trends & Investment Outlook

Norada Real Estate

Nashville housing market remains one of the hottest markets in the US. Despite the pandemic led economic slowdown, there is healthy demand to purchase homes in the Nashville real estate market. Nashville Housing Market Summary (October 2020). Days on Market: 25.

Houston Real Estate Market 2020 Overview

Norada Real Estate

We will discuss the latest Houston real estate market trends & news and find out how they can affect the investors and homebuyers in the latter half of 2020. This housing market has been impacted by the pandemic and slumping oil prices which led to a decline in home sales down.

Oklahoma City Real Estate Market & Investment Overview

Norada Real Estate

Market Forecast is an estimate based on data from multiple sources. Texas gets attention as the home to several of the fastest-growing and appreciating markets in the country. Oklahoma is one of the hottest housing markets in the nation. DOM: Days on Market decreased 29.5

Las Vegas Real Estate Market 2020 Overview

Norada Real Estate

The Las Vegas housing market is literally on fire amid the pandemic. The booming Las Vegas real estate market was impacted by the ongoing pandemic but things are turning back to normal. The economic uncertainty and massive job losses directly affected its housing market as well.

Miami Real Estate Market & Investment Overview 2020

Norada Real Estate

As we enter into the 3rd quarter of 2020, Miami remains a buyers' market and investors need to capitalize on this advantage while it is still there. After getting hammered by the pandemic, the Miami and South Florida housing market bounced back in July. 46 Days. 52 Days.

Phoenix Real Estate Market & Investment Overview 2020

Norada Real Estate

Even after suffering from the pandemic, the Phoenix housing market 2020 still comes out on top. As we saw Arizona real estate market thriving & becoming sizzling hot in the past couple of years, even the rise in mortgage rates was believed not to affect it.

Seattle Real Estate Market & Investment Overview 2020

Norada Real Estate

The Seattle real estate market showed a lot of resilience and is poised to recover the decline in sales, especially in the context of the slowdown experienced in April and May. The entire King County is a hot seller's real estate market with only 1.13 King County Housing Market Report.

Philadelphia Real Estate Market & Investment Overview 2021

Norada Real Estate

Forecast is an estimate based on data from multiple sources. Philadelphia is a hot seller's real estate market by all housing indicators. Low-interest rates, tight supply, and high buyer-demand will keep the market hot and exert even more upward pull on house prices. PHILADELPHIA HOUSING MARKET TRENDS 2021. PHILADEPHIA IS A SELLER’S REAL ESTATE MARKET. So, regardless of where you are buying, the market will be almost the same – competitive.

The Market Recovery Puzzle: Inventory the Missing Piece

RIS Media

The real estate markets have been slowly recovering after the economy took a hit in the first months of the coronavirus pandemic. 8, the Housing Market Recovery Index reached 105.6 ” The post The Market Recovery Puzzle: Inventory the Missing Piece appeared first on RISMedia.

Orlando Real Estate Market & Investment Overview 2020

Norada Real Estate

We’ll be discussing the latest Orlando real estate market trends & statistics to find out how they can affect the investors and homebuyers in the next six to twelve months. As per the current trends, Orlando is all set to remain a seller's market in the next 12 months.

Austin Real Estate Market & Investment Overview 2020

Norada Real Estate

We will discuss the latest Austin real estate market trends & prices and find out how they can affect the investors and homebuyers in the latter half of 2020. The complete “AUSTIN HOUSING MARKET REPORT” is given below. . Austin Housing Market Prices, Trends & News 2020.

Boise Real Estate Market Trends & Investment Outlook

Norada Real Estate

The Boise housing market is a scorcher and is being fueled by low mortgage rates and limited supply compared to demand. Typically 5-6 months is considered to be a balanced real estate market. That's how hot this market is even during the times of the Covid19 pandemic. The Boise Metro Area housing market is expected to see strong home price gains in the next twelve months, almost nearing 10% (Read the forecast given below). Boise Metro housing market is on fire.

Salt Lake City Real Estate Market & Investment Overview

Norada Real Estate

The forecast is an estimate based on data from multiple sources. The pandemic has supercharged Utah’s housing market driven by historically low interest rates and low unemployment rate. It has become one of the top markets to watch in 2021. Days on Market Until Sale.

Richmond VA Real Estate Market & Investment Overview

Norada Real Estate

Housing Forecast is an estimate based on data from multiple sources. Forbes ranked Richmond, Virginia at #8 in their list of “15 Housing Markets That Are Hot in 2020.” months, if no new listings are put on the market. Market Data, Reports & Forecasts.

Kansas City Real Estate Market & Investment Overview 2020

Norada Real Estate

The Kansas City real estate market is very hot and in many ways the envy of housing pundits on both coasts. Based on the FHFA all-transactions home price index, typical home values in the Kansas City MSA in the 2nd quarter of 2020 rose by 4.8 to 40 days.