Lamacchia Realty

FEBRUARY 22, 2022

Below is a graph that illustrates home sales per year since 2005. Below is a graph that illustrates monthly home prices since 2005. Prices very clearly skyrocketed in 2021 when compared to previous years, again because demand was so high and supply was so low, sellers could almost name their price. 2021 Sales by Month.

Inventory 73

Inventory Sellers Buyers Real Estate 73

Lamacchia Realty

JUNE 21, 2022

For the past few years, with inventory at historically low levels , sellers were coming pretty close to naming their price and buyers were paying. The low rates made it possible to offer more on a home as the cost of borrowing was lower and therefore, sellers weren’t the ones competing, buyers were. The same will be true for sellers.

Housing Market 69

Housing Market Bracketing Marketing Sellers 69

Lamacchia Realty

OCTOBER 17, 2024

PRICE ADJUSTMENTS AND THE 2024 MARKET In 2023, it was clear that the market was continuing to adjust from the frenzied post-pandemic scene in the early 2020s. Many sellers are holding the line, and buyers continue to face competition. Sellers create demand with accurate pricing and aggressive marketing.

Bracketing 74

Bracketing Marketing Sellers Buyers 74

Lamacchia Realty

APRIL 15, 2022

Now all the above factors are finding a place to land, and everyone is asking: When will the market change? Sellers kept listing, albeit, at a much slower pace, and buyers were buying at the highest rate in over 15 years, absorbing inventory faster than ever. Not remotely the current set of circumstances.

Marketing 69

Marketing Sellers Buyers Inventory 69

Lamacchia Realty

OCTOBER 25, 2023

PRICE ADJUSTMENTS AND THE 2023 MARKET In March 2022, it was clear that the market was changing from a frenzied post-pandemic scene to one where it was assumed that rising mortgage rates would slow it down and help inventory finally rise back up. Fewer sellers need to adjust their price because, again, it’s a seller’s market.

Bracketing 74

Bracketing Marketing Sellers Buyers 74

Lamacchia Realty

AUGUST 3, 2021

Due to the lingering impact of COVID and the log jam it caused in the 2020 spring market , price adjustments were lowest in 2020 and are now even lower in 2021 with supply so tight. It comes with a negative stigma for sellers to hear that a price adjustment is recommended. How much do you adjust the price?

Bracketing 69

Bracketing Sellers Buyers Inventory 69

Lamacchia Realty

JULY 28, 2021

Many buyers, during the throws of the pandemic, wanted single family homes instead of communal living, and with that great demand and low inventory came great market value increases. Condos increased 17.8%, moving from 22,333 to 39,670, signaling a very strong market currently for this category.

Inventory 69

Inventory Buyers Sellers Marketing 69