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.

Despite cooling housing market, pending sales continue to climb

Inman

Data Markets & Economy Select above asking price active listings bidding wars days on market (DOM) homebuyer demand median home price mortgage applications new listings pending sales price drops RedfinDuring the four-week period ending Sept.

Sales 127

California’s scorching-hot housing market expected to stay ‘incredibly competitive’

Inman

California Association of Realtors blames lack of supply for "terrible consequences" on quality of life for potential buyers.

June home sales see largest decline since 2012: Redfin

Inman

Homes also sold at their priciest and quickest pace on record during June, but Redfin said that sales pace and market competition have now likely peaked for 2021.

Sales 135

Ohio’s largest MLS ditches ‘Coming Soon’ status

Inman

MLS & Associations Select carl demusz Clear Cooperation Policy coming soon days on market fair housing mls now NAR national association of realtors pocket listings sight unseen

MLS 130

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.

Median home-sale price reaches all-time high of $335,613

Inman

Although the market is currently red-hot, Redfin's latest report released on Friday revealed that homebuyers may give up as home prices continue to grow.

Sales 134

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.

The Best Week of the Year for Homebuyers To Purchase Property

Realtor.com

The post The Best Week of the Year for Homebuyers To Purchase Property appeared first on Real Estate News & Insights | realtor.com®. Trends best days to buy a home best time to buy a house Coronavirus days on market first time home buyers home buyers home inventory housing market pandemicHomebuyers have been faced with sky-high prices, epic bidding wars, and a historic inventory shortage. But if they wait a little longer, they may get an edge.

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.

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

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.

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.

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

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 135

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 133

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.”.

5 Reasons Today’s Housing Market Is Anything but Normal

Keeping Current Matters

There are many headlines out there that claim we’re reverting to a more normal real estate market. That would indicate the housing market is returning to the pre-pandemic numbers we saw from 2015-2019. Days It Takes To Sell a Home. There are twice as many offers on each house. …it’s

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.

Housing Markets: A Return to Pre-COVID Seasonality?

RIS Media

Are the housing markets adjusting back to pre-COVID seasonal patterns? 4, suggests a more stabilized market. – Days on market decreased by 12 days YoY, but has increased in 10 of the past 12 weeks. appeared first on RISMedia.

Exposure Time Vs. Marketing Time: Helpful Info for Appraisers

McKissock

Every real estate appraiser is familiar with the terms “marketing time” and “exposure time,” but it’s not always clear why and how these are developed in everyday assignments when developing an opinion of market value. Exposure time vs. marketing time.

Listing Prices Increase But a Market Slowdown Is in Sight

RIS Media

Softening and market slowdown are the new emerging keyphrases for where the housing market is headed. More sellers are coming onto the market, slowly addressing the inventory challenge and slowing home price growth, according to the latest Weekly Housing Trends report from realtor.com®.

Regional Spotlight: Northern Virginia Market Sees June Softening

RIS Media

Days on market was just 13 days, lower than the national average of 17 days. “The regional housing market continues its ascent—again at a higher clip than nationally—and we have more homes to sell.

Tucson Real Estate Market & Investment Overview 2021

Norada Real Estate

Southern Arizona's real estate market has been booming , and housing experts predict positive trends in the Tucson housing market in the second half of 2021. With supply and demand continuing to favor sellers prices continue to rise in the Tucson real estate market.

Cleveland Housing Market: Prices | Trends | Forecasts 2021-2022

Norada Real Estate

Cleveland is often looked at as a has-been market. The Cleveland housing market is rebounding. All indicators point to growing income, a solid job market, and increasing home values in Ohio. markets for new listings. Cleveland is a seller's real estate market.

Housing Market Falls Into Seasonal Trends, But Second Wind Could Be Looming

RIS Media

We’re seeing more balance in the housing markets, but a second wind could be ahead, according to the latest data from realtor.com®’s Weekly Housing Trends Report. – Days on market decreased by 12 days year-over-year.