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“It’s gratifying to see many of the trends that we identified in January holding true and new ones taking shape halfway through the year,” Michael Althea, VP of Coldwell Banker Luxury , said. Despite challenges in the market, luxury agents can leverage these insights [from the mid-year report] to finish the year strong.” elections. “A
However, some buyers appear to be adapting. Redfin agents report that buyers who can afford to purchase are acting now before costs rise further. Redfin agents report that buyers who can afford to purchase are acting now before costs rise further. Newlistings rose 12.7%
Prospective buyers have been cautious because theyve seen homes sitting on the market and theyve heard interest rates and prices may drop. When the market isnt competitive, some buyers think they should wait for costs to go down, said Jordan Hammond, a Redfin Premier agent in Raleigh, NC. The market had 5.2 year-over-year.
The turbulence in rates has trickled down to individual markets like Cincinnati, where real estate agents say they dont know what to expect from sale to sale. Its unpredictable, said Teena Jackson, a Redfin agent in Cincinnati. A substantial drop in newlistings is a contributing factor.
Home listings fell in neighborhoods hit by the wildfires, too. Listings slowed a bit in Februarybut not nearly as much as sales. There were 23 newlistings in the Palisades, down 12% year-over-year, and 46 newlistings in Altadena, down 6%. million in February, down 8% year-over-year. Home sales rose 6.2%
While sales tanked and prices shifted, newlistings slowed. In the Palisades, there were 23 newlistings in February 2025, down 12% year over year. Altadena, meanwhile, posted a 6% decline in newlistings. Newlistings rose by 13.6% and the median sales price grew 5.1%
In the week ending January 5, Redfins Homebuyer Demand Index, a seasonally adjusted indicator of tours and other purchasing services from Redfin agents, reported a little 2% increase from the previous month and a 2% year-over-year gain. Newlistings are down 2.5% The post New Year New Home?
Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At as of March 6, 2024.
Some homes are attracting bidding wars like its 2020 again, while others are sitting on the market for weeks with no action, said Desiree Bourgeois, a Redfin Premier Real Estate Agent in Detroit. I recently saw one house get 10 offers and sell for $50,000 over the asking price, and the buyer waived their appraisal contingency.
Newlistings volume is trying to grow with its biggest week since September. List prices inched up for the week, though sales prices did not advance. These active market listing prices lead the sales prices so theyre very valuable to track. NEWLISTINGS There was a nice jump in the newlistings volume this week.
Why are real estate statistics important for agents? The median list price of homes in the US is $435,000; the median price of newlistings is $435,900. Is there a better way to make yourself the go-to agent in your area? 32% of buyers are first-time buyers, and 75% of those first-time homebuyers are aged 25 to 33.
If antitrust lawsuits are impacting agent commissions, it’s not happening at Compass. To be clear, the fears many had about commissions going down or buyer compensation disappearing have simply not materialized.” 17 when the new rules mandated by the settlement take effect. The call did come with a setback for agents.
Active listings of homes for sale rose to the highest level since early in the pandemic. Newlistings hit the highest level since July 2022, increasing 1.9% Im seeing a lot more inventory hit the market than I have in past years, but its not nearly enough, said Charles Wheeler, a Redfin Premier Real Estate Agent in San Diego.
In 2022, it was the end of the post-pandemic boom and buyers were rushing to get a home before mortgage rates climbed, so there was steep price appreciation in the first half of the year. Even though the best new inventory hits the market each week, these are being priced fractionally cheaper than last year. Homebuyers are waiting.
When the meeting concluded, DeRoussel quickly reached out to the seller’s agent to see if her client could get in for a tour, but it was too late. “I I called the listingagent and it was listed three hours ago, but it was sold,” the Cincinnati, Ohio -based eXp Realty agent said. “We Buyers are really struggling.”
year-over-year, representing the largest drop in over four months—according to a new study from Redfin. Buyers are also avoiding earlier stages of the house-hunting process. Buyers are retreating primarily due to high home costs. Conversely, newlistings remain near historic lows. Newlistings are up 7.7%
Home sellers are returning to the market, but buyers are hesitant, according to a recent Zillow market report. In May, new property listings exceeded sales, allowing buyer competition and price rise to slow—and more price relief is expected. Inventory, NewListings and Pending Sales Overview Newlistings increased by 7.9%
will be significant enough move in rates to move the needle for buyers. Newlistings rise This week saw 69,000 new single family listings unsold. There were another 15,000 newlistings that are already in contract, which is very low for immediate sales recently. Freddie Mac reported rates at 6.8%.
Buyers facing high mortgage rates are pulling out of their home-purchase agreements at the highest rate in nearly a year. of homes that went under contract that month, according to a new report from Redfin. They’re getting cold feet,” said Jaime Moore, a Redfin Premier real estate agent in Reno, Nevada. The median U.S.
Real estate agents often make the mistake of believing their clients will remember them forever but they dont. Its up to us as agents to stay engaged and stay in contact with our clients. Content: Agents can include any combination of data and information. When you buy through our links, we may earn a commission.
After the National Association of Realtors settlement changed how commission is paid, there was some fear among agents that buyers and sellers might forgo their services in favor of handling the transaction themselves. Do they need to buy a new home urgently because of a new job? For the most part, that hasnt happened.
Robert Reffkin is confident that Compass and its agents have what it takes to continue growing and succeeding in the changing real estate environment. “In We are a company of top agents.” annual increase in the number of transactions closed by Compass agents, which came in at 38,449 sides for a volume of $40.1 in 2003. “We
In 2024, agents have two choices; learn how to run your entire business from the apps on your phone or tablet, or find a new career. It’s simple enough for most agents to learn quickly, but has enough features to keep team leaders and managing brokers happy. When you buy through our links, we may earn a commission.
Rather than a typically busy spring home-buying season , the COVID-19 pandemic pushed the bulk of home-buying this year into the summer months, and real estate agents are busier than ever. Since homebuying season was pushed back from this spring, realtor.com ’s Housing Market Recovery Index reported that August is the new May.
New Redfin data reported the largest gain since the end of last year occurred in the four weeks ending February 2, when newlistings of homes for sale in the U.S.increased 7.9% Listings are picking up as we inch toward spring, said Joe Paolazzi, a Redfin Premier agent in Pittsburgh. from a year earlier.
“We are seeing a typical late-spring slowdown in newlistings and pending sales, but prices don’t typically peak until late August, and their growth remains completely unhinged,” said Daryl Fairweather, Redfin’s chief economist. ” How real estate agents can alleviate consumer pain points in a tight market.
A seasonally adjusted indicator of tours and other purchasing services from Redfin agents, the Homebuyer Demand Index, is up approximately 7% over the previous year. The market is strong, with a lot of pent-up demand after a slow summer and early fall, said Mimi Trieu, a Redfin Premier agent in the Bay Area.
Despite a small spike in recent months, newlistings of homes for sale are still below pre-pandemic levels in parts of the country because the majority of homeowners say they will never sell. have reached all-time highs, and there is just enough demand from buyers to keep prices rising steadily. homeowners have obtained.
In the ever-competitive real estate market, creating a consistent flow of real estate buyer leads is strategy for success. But beyond first-timers, we’ll show you how to attract real estate buyers of all kinds through a multi-tiered marketing approach that boosts both your visibility and credibility with potential buyers.
Agents and LOs are grappling with heavily damaged housing markets in the Southeast. Newlistings and pending home sales data from Altos Research captured the housing markets around Asheville coming to a screeching halt. Rising insurance costs are a prominent concern for homeowners and potential buyers.
year-over-year, and despite Friday’s rate drop, fewer offers were written with Redfin agents this past weekend. However, there are indications that early in the house-buying process, prospective buyers are starting to show signs of life and that pending sales may shortly rebound. The largest drop in nine months in pending sales was 6.7%
While they previously accounted for only 2% to 4% of listings, that share surged to nearly 8% of newlistings by February 2025. Office exclusives, also known as private or pocket listings , refer to residential properties that are marketed privately rather than being broadly shared through the Multiple Listing Service (MLS).
And with millennials emerging as the largest generation of homebuyers in today’s market, comprising 28% of all homebuyers, real estate agents need to master social media or they might miss out. We’ve compiled this list of savvy real estate social media post ideas to inspire your social strategy and keep your Instagram feed fresh and fun.
That’s where text messaging for real estate agents comes in — it’s quick, personal, and gets straight to the point. Visit Market Leader Engage with buyer leads Purpose: Guide buyers through their journey and keep them excited about finding their dream home. As an added bonus, Market Leader also offers seller lead solutions.
” Kanacki’s market, like many others, remains competitive as buyers continue to experience bidding wars amid historically low housing inventory and an uptick in home prices. “I There were nine new pending contracts for every 10 newlistings, a slower rate than the 9.9 Over the last four weeks ending on Sept.
Even though most agents focus their marketing efforts online, people start thinking about finding a real estate agent well before they hit ENTER on their first Google search. Knowing this, real estate agents should always find friendly, conversational ways to stay on their potential clients minds year-round.
Buyers are still buying and sellers are still selling. We definitely noticed a downturn last year, which coincided with interest rates going up, and buyers just put the brakes on things and wanted to wait to see what was going to happen. Michaels also noted that his business is still seeing a steady stream of out-of-town buyers. “We
There were roughly 88,902 newlistings added during that same four weeks – and increase of 15% and the biggest increase since June 2021. The surge in listings is bringing some buyers back to the market, the firm says.
But these newlistings aren’t attracting buyers, and pending home sales dropped 4.2% But newlistings are heading in the opposite direction, according to Altos Research data. Tariffs and federal workforce reductions are also troubling many buyers and sellers. month over month in January.
Total home sales are outpacing newlistings by a wide margin every month, and real estate tech company Homesnap foresees the shortage continuing in 2021 unless more sellers enter the market. The divide between supply and demand is striking: compared to last year, total newlistings increased.22%,
The past year and a half, with its rising mortgage rates , low inventory, and economic uncertainty, has been a challenge for real estate pros, not to mention the buyers and sellers they serve. Make sure you’re ready to share newlistings and that potential clients can easily contact you through your platforms.
Per a recent Redfin study , 65% of home offers written by company agents in June faced competition, down from a rate of 72.1% But recently, we’ve started to see buyers get cold feet. Two of my buyers just had their offers accepted because the sellers’ first buyers backed out. in May and a peak of 74.1%
“Inventory is almost nonexistent,” said Melissa Kingsbury , a Redfin agent who works in the southwest suburbs of Chicago. “If Kingsbury said homes at lower price points have the largest buyer pools and are frequently subject to the stiffest competition. That is a pretty tough sell for someone who has a $3 million budget,” Laricy said.
“Healthy markets are ones where buyers and sellers have access to all relevant data for their decisions. When a buyer selects a property page to view, a new climate risk section will appear alongside the listing, which provides them with a separate module for each of the five risk categories. Nationwide, 55.5%
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