Housing Wire

JULY 3, 2024

The National Association of Realtors tracks the days on market, and unlike 2011, when it took over three months, the most recent existing home sales report shows only 24 days on market this year. In 2011, we had over 3 million active listings to start the year and today the NAR total active listings data is running at 1,128,000.

Housing Market 362

Housing Market Marketing New Listings Contracts 362

Housing Wire

NOVEMBER 21, 2023

million, according to the N ational Association of Realtors. At the same time, existing inventory has likely already bottomed out and new listings are keeping steady despite normal seasonal declines. Existing-home sales dropped 4.1% in October from the prior month , reaching a seasonally adjusted annual rate of 3.79

Inventory 424

Inventory New Listings Realtors Contracts 424

Housing Wire

MARCH 22, 2024

I think one of the major trends we are seeing is that our overall inventory is up 60% year over year compared to 2023,” said PJ Smith, president of the Naples Area Board of Realtors and the broker-owner of Naples Golf to Gulf Real Estate. “We Smith attributes the uptick in inventory to a bump in new listings.

Insurance 420

Insurance Inventory Marketing Real Estate 420

Housing Wire

SEPTEMBER 3, 2024

Last week, Freddie Mac reported that mortgage rates reached their lowest level since May 2023. In response, Bright MLS chief economist Lisa Sturtevant noted that while “declining rates are good for both buyers and sellers,“ rates are not yet low enough to alleviate the lock-in effect that has stopped many potential listings in their tracks.

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Mortgage Inventory Buyers Sellers 481

Housing Wire

MAY 8, 2024

million net loss reported in Q1 2023. Compass executives, however, were not deterred by this news as the firm yet again finished the quarter free cash-flow positive at $5.9 million, compared to Q1 2023’s free cash-flow loss of $59 million. First, more buyers are using agents in 2023 than in 2003.

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Agents Real Estate Brokerage Clients 419

Housing Wire

JULY 24, 2024

Indianapolis-area Realtor Annie Caruso, a founding member of Circle Real Estate, had a buyer coming from the Chicago area for just these reasons. The same is true for Fort Wayne ($338,950), while Clark County ($315,000) is trending slightly down from its post-pandemic peak in September 2023 ($324,900).

Marketing 421

Marketing Realtors Buyers Property Taxes 421

Housing Wire

FEBRUARY 23, 2024

This is nothing dramatic, but similar to what we saw in 2023 when mortgage rates rose from 5.99% up to 7.25%. Our data lines here at Housing — which track things weekly — show inventory is growing year over year with new listings growth as well. This means 2024 is starting to look a lot like 2023 unless rates fall soon.

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Inventory Mortgage New Listings Marketing 472

Housing Wire

SEPTEMBER 22, 2022

Today the National Association of Realtors reported that existing home sales fell once again to 4.80 Existing home sales have more legs to go lower, especially now that new listing data is falling. We don’t want to see that in America, but that might be a reality in 2023. million in August.” million in August 2021).”.

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Inventory Housing Market New Listings Mortgage 479

Housing Wire

SEPTEMBER 26, 2023

This is a demand-driven slowdown, because new listings supply is still running 9% to 10% fewer homes for sale each week than this time last year. We’re seeing fewer new sellers each week, but inventory is building as homebuyers wait to see if mortgage rates will come down to make purchases more affordable. from last week.

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Inventory Contracts New Listings Mortgage 504

Housing Wire

MARCH 1, 2024

Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We We were up year over year in inventory , but we were at a 25 year low on new listings.” However, even with these challenges, Hannah said her January and February were roughly 10 times busier than in 2023.

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Housing Market Marketing Inventory Construction 450

Housing Wire

MARCH 6, 2024

The benchmark rate was last changed in July 2023, when it was raised to a range of 5.25% to 5.5%. Boston: Residential Realtors expressed growing optimism as both property listings and pending home sales increased. New York: Housing markets strengthened as the spring selling season got underway a bit earlier than normal.

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Mortgage Real Estate Inventory Construction 405

Housing Wire

JANUARY 20, 2023

million, according to a report from the National Association of Realtors (NAR) released Friday. In a typical spring market, sellers lead buyers, with new listings coming on the market in the early part of the year before buyers start thinking about shopping,” Sturtevant said. from November to a pace of 4.02

Inventory 375

Inventory Housing Market Realtors Buyers 375

Housing Wire

MARCH 29, 2024

What ensued next was a rapid cooldown, which saw the median list price fall by more than $100,000 by mid-February 2023 to $533,000. Looking at the number, 2023 was the lowest year in the past 28 years for sales, so it was a bit of an oddity compared to what we’d seen in the second half of 2020, all of 2021 and the first half of 2022.”

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Housing Market Agents Marketing Inventory 414

Housing Wire

SEPTEMBER 17, 2024

25 statewide in 2023 transaction volume. On a 90-day rolling basis, new listings have dropped from 630 in early July to 530 in mid-September as sellers have decided to hold off on marketing their homes. Altos considers a score above 30 to be indicative of a seller’s market.

Housing Market 397

Housing Market Marketing Sellers Buyers 397

Housing Wire

SEPTEMBER 19, 2023

It’s not unusual for a little jump in new listings in September. Buyers early in 2023 had slightly lower rates than now and were optimistic that mortgage rates would go lower still. The only way we end 2023 with more sales than 2022 is if mortgage rates start easing down again and that trend looks durable.

Housing Market 458

Housing Market Marketing Inventory New Listings 458

Housing Wire

SEPTEMBER 24, 2024

Chicago has since exhibited a more traditional seasonal home-price pattern, but since February 2023, the median home price is up by 27%. New listings have stalled as a result of rising inventory. The current market has largely normalized and is experiencing a pause for the same reasons as many other markets across the country.

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Housing Market Marketing Property Taxes Inventory 410

Housing Wire

APRIL 18, 2024

This scenario is similar to 2023 when rates fell. The one thing that is positive this year which is different than last year is new listing data is rising year over year, nothing spectacular, but it’s a positive story for housing This means we have more sellers that will be buyers in 2024.

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Inventory Housing Market New Listings Buyers 502

Housing Wire

OCTOBER 13, 2023

Our realtor partners are hurting,” Berg said. They need new listings and they are so desperate that they might take a fraudulent listing.” Since the start of 2023, 73% of real estate firms have seen an increase in seller impersonation fraud attempts, according to CertifID.

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Real Estate Agent Real Estate Agents Sellers 448

Housing Wire

OCTOBER 21, 2022

On Thursday the National Association of Realtors reported that we had a 23.8% Rates have gone up so fast that new listing data has declined since the end of June; this impacts supply and demand. having rates of 5% and below, you can see why some sellers are hesitant to list their homes and move. However, going from 2.5%

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Housing Market Inventory New Listings Mortgage 302

Housing Wire

AUGUST 10, 2023

But, the really painful trend is new listings data. New listings data is trending at the lowest levels ever recorded in U.S. Last week there were only 62,000 new listings that came to the market. The new listings data trending at all-time lows does not help that at all.

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New Listings Inventory Business Marketing 292

Housing Wire

JANUARY 19, 2024

It happened in 2008 and then didn’t happen again until 2023. In the CNBC interview, I stressed that we do have one positive on the inventory side of things: we are seeing new listings data growth. We have a big difference in the data on single-family permits and 5-unit permits.

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Housing Market Inventory Contracts Marketing 458

Cleveland Appraisal Blog

JANUARY 5, 2023

Welcome to 2023! With affordability issues, it is not likely that we will see the same percentage of homes selling above the asking price in the peak months of 2023. Listing prices are indicative of future sales. I hope that you have a fantastic 2023. Like any year, there will be some good news and some bad news.

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Housing Market Marketing Appraisal Inventory 369

Housing Wire

FEBRUARY 28, 2024

All created by Realtors, for Realtors. As a Realtor, you have endless opportunities for content creation. Touring a new listing? Even better, unlike other social media platforms, more than 20% of Facebook’s users are over the age of 60 — the median age for home sellers in 2023. Take a quick sneak peek video.

Real Estate 453

Real Estate Marketing Tools Contracts 453

Housing Wire

JULY 24, 2023

Last week the National Association of Realtors (NAR) reported that existing home sales declined in June to an annual rate of 4.2 It’s now obvious to everyone that home prices have held up in 2023 because demand has exceeded the very limited supply of homes to buy. That projection changes each week when new data comes in.

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Inventory Contracts New Listings Buyers 310

Housing Wire

JULY 20, 2023

The savagely unhealthy housing market continues as existing home sales are near record lows, and the days on the market are still at a teenager level, with home prices rising in 2023. Even with mortgage rates near or above 7% for two months, we haven’t seen dramatic moves in the purchase application data or active and new listings data.

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Marketing Housing Market Inventory New Listings 348

Housing Wire

OCTOBER 22, 2023

Currently, there are about 154,113 Realtors ® in Texas, according to the National Association of Realtors. 4] As of July 3, 2023, there were 42,857 sales agent exams taken in Texas. Lead Gen As a new agent, make it a priority to pick a brokerage that is committed to helping you with marketing and exposure.

Real Estate 405

Real Estate Real Estate Agent Agents Brokerage 405

Housing Wire

NOVEMBER 16, 2023

New findings from the National Association of Realtors (NAR) show a fresh picture of who’s buying and selling homes, with more first-time buyers entering the market and families looking for homes that fit multiple generations. Ideal for realtors looking for functionality without a big price tag.

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Real Estate Marketing Real Estate Agent Tools 414

Empire Appraisal Group

JANUARY 4, 2023

What Could Make Home Prices Drop in 2023? Source: What Could Make Home Prices Drop in 2023? Florida Realtors. NEW YORK – The U.S. Consider the various countervailing forces in the market heading into the 2023 inventory surge. The post What Could Make Home Prices Drop in 2023?

Inventory 78

Inventory Open Houses Sellers Real Estate 78

Lamacchia Realty

DECEMBER 19, 2023

NOVEMBER 2023 connecticut housing report CONNECTICUT Home Sales Down, Average Prices Up Home sales are down 12.9% year over year, with November 2023 at 2,732 compared to 3,138 last November. Single families: 2,402 (2022) | 2,109 (2023) Condominiums: 736 (2022) | 623 (2023) Average sales price has increased by 8.2%

Real Estate 51

Real Estate Sellers Home Value Buyers 51

Lamacchia Realty

DECEMBER 19, 2023

NOVEMBER 2023 new hampshire housing report NEW HAMPSHIRE Home Sales Down, Average Prices Up Home sales are down 4.9% year over year, with November 2023 at 1,460 compared to 1,535 last November. 2023: 1,321 2022: 1,231 2021: 1,530 Pending Home Sales: The number of homes placed under contract is up by 0.7%

Real Estate 51

Real Estate Sellers Buyers Realtors 51

Lamacchia Realty

DECEMBER 21, 2023

november 2023 south florida housing report Broward County In November of 2023, Broward County single-family homes as well as c ondos/townhomes saw decreases in closed sales and pending sales, but increases in average price and new listings. Similarly, new listings are up 13% when compared to this time last year.

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New Listings Real Estate Inventory Sellers 47

Lamacchia Realty

FEBRUARY 27, 2023

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 January 2023 compared to January 2022.

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New Listings Buyers Realty Sellers 49

Listing Spark

SEPTEMBER 25, 2023

Fewer New Listings The number of new listings hitting the markets has continued to fall, mainly because a substantial segment of the market that was both buying and selling has essentially disappeared. Think of it like a rollercoaster that started in late 2022 and has continued into early 2023.

Real Estate 69

Real Estate Sellers New Listings Inventory 69

Lamacchia Realty

JANUARY 30, 2024

2023 marked a significant chapter in real estate history, on the state level in Maine as well as nationally. If we were to pinpoint the standout factor, it would be the remarkably low number of homes listed, the lowest in over two decades. 2023 Real Estate Performance Highlights The number of homes sold decreased by 18.9%

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Inventory Sellers Buyers Contracts 49

Housing Wire

SEPTEMBER 18, 2024

According to a 2023 survey , 85% of millennials and 60% of Baby Boomers say they would be willing to buy a home without seeing it in person. Call other top agents in the area I personally do this for all of my upcoming listings. I call the other top agents in the area to let them know we have a new listing.

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Open Houses Agents Real Estate Sellers 302

Empire Appraisal Group

AUGUST 3, 2023

In the two months after the devastating September 2022 storm, Cape Coral-Fort Myers saw 900 fewer new listings than there would have been had the storm not hit, according to Redfin projections. But in the six months after that, the area had 1,314 more new listings than projected, a number that more than offsetting the shortfall.

Real Estate 78

Real Estate New Listings Real Estate Agent Insurance 78

Lamacchia Realty

JULY 26, 2023

This Lamacchia Mid-Year Housing Report presents overall home sale statistics as of the first six months of 2023 compared to the same period last year, January 1 st to June 30 th , 2022. Prices increased in all the categories in the first half of 2023 over the same time period in 2022. Number of Homes Sold Decreased by 24.8%

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Sellers Inventory Buyers Real Estate 50