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. Inventory didn’t increase at the rate most assumed it would.

Bracketing 59

Bracketing Marketing Sellers Buyers 59

Lamacchia Realty

MAY 26, 2022

The Lamacchia Realty South Florida Housing Report presents overall home sale statistics and highlights the average sale prices for single families, condominiums/townhomes in Broward County, Miami-Dade County, and Palm Beach County for April 2022 compared to April 2021. South Florida Inventory. Miami-Dade & Palm Beach Counties.

New Listings 36

New Listings Bracketing Inventory Realty 36

Birmingham Appraisal

FEBRUARY 6, 2024

In this post we’ll discuss average and median sold price, average days on the market (DOM), and months of inventory. More sales in the lower price bracket may indicate a decline in prices and more in the upper range may indicate an increase. In my last post, I discussed statistics related to supply and demand.

Inventory 82

Inventory Real Estate Sellers Buyers 82

Lamacchia Realty

MARCH 26, 2024

As you can see in the chart below, Florida has the highest shift in rising inventory over the past twelve months. Source Condo inventory has been rising more than single families as sales have been decreasing since 2023. Source Inventory rises when more sellers are listing than buyers are buying.

Bracketing 55

Bracketing HOA Sellers Buyers 55

Birmingham Appraisal

MARCH 26, 2024

A Different Market I think we can all agree that the real estate market we are currently in, as of the writing of this post, is not the same one we were in from 2020 to 2022. Prices have held steady and even increased in some areas due to limited inventory. What is bracketing and why should Realtors do it?

Construction 86

Construction Appraisal Process Appraisal Bracketing 86

Birmingham Appraisal

MARCH 26, 2024

A Different Market I think we can all agree that the real estate market we are currently in, as of the writing of this post, is not the same one we were in from 2020 to 2022. Prices have held steady and even increased in some areas due to limited inventory. What is bracketing and why should Realtors do it?

Construction 77

Construction Appraisal Appraisal Process Bracketing 77

Lamacchia Realty

MARCH 12, 2024

As predicted , 2024 has started with low inventory, and mortgage rates have remained relatively stable in the high 6’s and low 7’s. Due to rising rates and home prices that have continued to influence consumer spending, 2023 saw the lowest inventory in recorded history, and in 2024, sellers are still hesitant to enter the market.

Buyers 65

Buyers Inspection Sellers Real Estate 65

Lamacchia Realty

FEBRUARY 22, 2023

2022 started with low inventory and high competition as predicted , but by April rates began their ascent and the market began its shift. Since then, as rates and inflation have continued to influence consumer sentiment and spending, inventory has remained low as sellers hesitate to dive into the market.

Inspection 41

Inspection Buyers Sellers Bracketing 41

Houston Properties

JANUARY 13, 2021

For certain parts of the economy, usually in the upper-income brackets, they didn’t carry a lot of debt and they couldn’t go out to spend their money. We believe the bill won’t come due in 2021 and potentially not in 2022 either. The market will see an influx of price drops and hikes due to low inventory and high demand.

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Housing Wire

NOVEMBER 22, 2024

In fact, since January of 2022, we have not witnessed one month of data to show existing home sales are not declining. And housing starts didn’t return to 2001 levels until 2022. If one would normally pay 20% based upon their tax bracket, they will pay 10% instead. And that has been the case since June of 2022.

Marketing 468

Marketing Investors Investing Housing Market 468