Broke Agent Media
MARCH 28, 2023
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? In turn, home sales remain low.
Realtor.com
DECEMBER 1, 2022
After the COVID-19 pandemic-fueled homebuying rush reduced the number of homes for sale to all-time lows, the inventory of housing has since rebounded. more homes for sale in November compared with the same month in 2021. That translates to a whopping 240,000 more homes for sale on any given day in November.
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The Close
FEBRUARY 20, 2024
When supply exceeds demand, we see a buyer’s market. This phenomenon means there are fewer buyers than there are homes for sale. 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.
Real Trends
JANUARY 2, 2023
If the interest rates do drop and get closer to 5%, agents can expect a mini-boom in which the low rates will re-inspire housing demand significantly and boost overall sales. There will be less price negotiation, more rate buy-downs and more seller concessions.
Housing Wire
MARCH 22, 2024
Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I Last year we were still adjusting from the effects of the pandemic market, but now the trends seem to be getting back to our baseline, which is more like our 2019 market,” Smith said.
Housing Wire
MARCH 14, 2024
In Newcomb’s base metro area of Charlottesville , there were an average of only 277 active single-family listings during the same recent 90-day period, compared to 892 at the onset of the pandemic. In Wise County , there were only 56 listings.
HomeLight
DECEMBER 2, 2021
Depending on other factors such as your location, your home’s condition, and current market conditions, that estimate can run up to 10%. We break down what the cost of a home sale could look like based on the average U.S. home sales price of $453,300, as reported by the Federal Reserve Bank of Saint Louis. Cost to seller.
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