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Homebuyers No Longer Spooked by Market Conditions

Appraisal Buzz

September 2024: National Housing Metrics Median listing price : (Change over September 2023: -1.0% 2019: +36.0 %) Active listings : (+34.0 %) (-23.2 %) New listings : (+11.6 %) (-11.8 %) Median days on market : (+7 days to 55 days) ( -7 days) Share of active listings with price reductions : (+0.5

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Even with falling rates, the housing market is shaping up to be bad in Q4

Housing Wire

months in October 2021. Inventory levels are still tight, which is why some homes for sale are still receiving multiple offers,” Yun said. “In In October, 24% of homes received over the asking price. Conversely, homes sitting on the market for more than 120 days saw prices reduced by an average of 15.8%.”. ”

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Zillow Reveals 2024’s ‘Most Desirable’ Cities 

Appraisal Buzz

While only one West Coast market, which led the way in 2021, made it into the top 10, the Midwest also performed well. cities, such as page-view traffic, home value increase, and the speed at which properties sell, in order to identify the most popular markets in 2024. As a result, average home values have increased by 7.3%

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Price Growth Begins to Moderate in Once-Hot Pandemic Boomtowns

Appraisal Buzz

Phoenix and Salt Lake City Show Major Price Gains During the Pandemic Four really strong markets in 2020, 2021, and 2022 were Austin, Texas; Boise, Idaho; Phoenix; and Salt Lake City, according to the CoreLogic Home Price Index. Examining appreciation at the metro level reflects regional patterns.

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The nation’s housing market is on a correction course

Housing Wire

Freddie Mac projects that home-price growth will average 12.8% By comparison, home-price growth was 17.8% in 2021, Freddie Mac reports. trillion in 2021,” the agency’s quarterly forecast states. Many discouraged would-be homebuyers seem to be turning to rentals to avoid high mortgage rates and home prices.

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May 2023 South Florida Housing Report

Lamacchia Realty

Palm Beach County In May of 2023, Palm Beach single-family and condo/townhome closed sales, new listings, and pending sales decreased. The average price increased for condos/townhomes and single-family homes. Instant Home Evaluation See immediately how this market is impacting your home value.

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August 2023 South Florida Housing Report

Lamacchia Realty

Miami-Dade County In August of 2023, Miami-Dade single-family homes and condos/townhomes saw decreases in closed sales, pending sales and new listings. Palm Beach County In August of 2023, Palm Beach single-family homes and condos/townhomes both saw a decrease in new listings and pending sales.