article thumbnail

New Year Brings New Supply as Seller Activity Shifts

Appraisal Buzz

According to the Realtor.com January Monthly Housing Report, January saw a positive shift in seller activity despite recent hikes in mortgage rates, with the number of newly listed homes increasing 37.5% Buyers & Sellers Thaw Alongside Winter Weather Additionally, for the fifteenth consecutive month, annual inventory increased, with 24.6%

Sellers 332
article thumbnail

Costs Mounting for Homebuyers

Appraisal Buzz

More than half of home buyers (52%) negotiated with the seller, with 94% of those who did achieving success. About 34% of buyers paid below the asking price in 2024—up from 27% in 2022, when the market was more favorable to sellers. Since launching in 2017, Clever has reached $11.4

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Home inventory levels are showing strong signs. Can it continue?

Housing Wire

Despite this growth, inventory levels are still below levels in 2017 and 2019, Realtor.com said. Home buyers and sellers are ending a longstanding stalemate, Realtor.com chief economist Danielle Hale shared in the report. This could mean that sellers are willing to compromise if it means getting their home sold. year over year.

Inventory 364
article thumbnail

Tariffs are creating perfect storm for housing market

Housing Wire

A new variable this spring is that there are also more sellers coming to market each week than there have been in five years. Total unsold inventory is up, and the weekly pace of new sellers adding to that inventory is up too. Why are these sellers emerging now after so many years on the sidelines? More sellers?

article thumbnail

Home sale cancellations hit record high in January

Housing Wire

a year earlier and is the highest rate recorded for January since at least 2017. Economic uncertainty : Concerns about tariffs , layoffs, and federal policy changes are making buyers and sometimes sellers hesitate. These markets remain seller-friendly, with low inventory and limited buyer alternatives. 6.8%), Oakland, Calif.

article thumbnail

Where home seller profit margins are shrinking

Housing Wire

Despite this drop, investment returns for home sellers is still up from 48.8% This coincides with a decrease in gross profits during that time, with the typical single-family home and condo sale dropping 6% to $120,100, representing the largest quarterly decrease since early 2017. Metro results for home sellers.

Sellers 435
article thumbnail

Home Sellers Adjusting to Evolving Market Conditions 

Appraisal Buzz

in February of previous year, indicating that sellers are becoming more accustomed to the present market conditions. over the previous year, making 2019 February the most active month for sellers since 2021. Sellers also listed their homes at higher rates than the previous year, with the number of newly listed homes rising 4.2%

Sellers 368