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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 426
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The Expensive Get More Expensive: Home Value Growth Tops in Highest-Price Markets (March 2024 Market Report)

Zillow Market Reports

Meanwhile, appreciation is subdued in Southern metros where existing inventory has grown or nearly recovered since the outset of the pandemic – and has been helped along by robust injections of new construction. New construction is providing a pressure-relief valve in these metros, giving move-up buyers a place to go.

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Brand Report: RE/MAX Releases February National Housing Data

RIS Media

The median home price reached $291,000 in February—the highest in the 13-year history of the report—while sales set a new high for the month and inventory continued to drop to record lows. The record February home sales were up 5.7% in the ramp-up toward the seasonally higher sales of spring. in February 2020. .”

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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.

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21 Marketing strategies to freshen up a stale listing

Real Trends

A home that might have sold for over-list price in less than a day with multiple offers a few months ago — even with bad iPhone photos and monstrous dust bunnies under the coffee table — is going to need a little more love now that we are feeling a market shift , seeing increased days on market and inventory is growing. .

Marketing 104
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How to Do Real Estate Market Analysis in 2023?

Marco Santarelli

Research the local zoning laws to understand any restrictions or regulations that may impact the housing market. Look at current market trends, including any changes in property values and sales volume, to get a sense of how the market is changing. As the median price changes, this can indicate key market movements.

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

Marco Santarelli

Factors Contributing to the Strong Housing Market High demand: Fremont is a desirable place to live, with good schools, a strong job market, and a close proximity to San Francisco. Low supply: There is a limited supply of homes available for sale in Fremont. Overall, the Fremont housing market is expected to remain strong.