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Real estate agents in the area put their business interests aside , and many reported helping their clients board up their homes and ensure they were prepared for the aftermath. The most eye-popping data is for newlistings. Clearwater lost 81% of its listings, the highest rate among the five cities.
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%
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.
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. As newlistings increase and mortgage rates declineat least somewhatfrom their peak in early January, the market should pick up steam in the upcoming weeks.
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%
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.
If antitrust lawsuits are impacting agent commissions, it’s not happening at Compass. Compass also said it is not seeing any changes in newlistings with regard to commission offers, whether on the Compass platform or on multiple listings services (MLSs). 17 when the new rules mandated by the settlement take effect.
“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.”
According to a recent Redfin research, more people are beginning their home search as the new year gets underway. Some homes are getting multiple offers within 24 hours of hitting the market, said Emily Lam, a Redfin Premier agent in the Seattle area. Newlistings are down 2.5% The post New Year New Home?
Redfin agents report that buyers who can afford to purchase are acting now before costs rise further. Newlistings rose 12.7% Matt Ferris, a Redfin Premier agent in northern Virginia , said many sellers believe the market has peaked and want to cash in. year-over-year in March, the largest increase in 11 months.
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.
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. Newlistings: Newlistings rose most in Oakland, California (24.8%); San Jose, California (22.9%); and Sacramento, California (17%).
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.
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.
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. Polish your pitch Being a real estate agent is also a sales job, and the first thing you sell your clients is yourself.
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
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 Even if we get more listings, it is not going to be enough for people.
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.
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. There were 775 newlistings in Tampa on Sept. 27, a number that has since shrunk to 555.
The new platform will be available in all markets that Final Offer operates in. Final Offer’s new feature gives agents a new avenue of communication with clients looking for unique listings. Matching listings appear on the client’s saved search channels, alongside MLS listings.
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? Homebuyers found photos to be the most valuable feature found on a listing website (66%).
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.
Homebuyers pumped the brakes when mortgage rates ticked back up and are now in wait-and-see mode, said Jesse Landin, a Redfin Premier Real Estate Agent in San Antonio. Newlistings fell 1.6% Meanwhile, active listings, a measure of all homes on the market, fell a slight 0.3% home sale price increased 6.3% year-over-year.
Even though the best new inventory hits the market each week, these are being priced fractionally cheaper than last year. Home sellers and listingagents know where demand is for homes. Newlistings are up from last week On the supply side, there were 51,000 unsold newlistings this week.
Make sure you’re ready to share newlistings and that potential clients can easily contact you through your platforms. I recently got a text from an agent who said that as he was driving, he realized that he was already on track for his annual goal, even though it’s only February.
Inventory is almost nonexistent,” said Melissa Kingsbury , a Redfin agent who works in the southwest suburbs of Chicago. “If The downtown area’s slower housing market conditions have caused many agents and firms to open offices in the hotter suburban markets, or leave the state altogether, according to Laricy.
Instead, the Michigan-based eXp agent created her Facebook business page shortly after passing her licensing exam in 2011 and named it “Gogo’s Real Estate.”. “I I told everyone ‘Hey, I’m a brand newagent and I’m learning this as I go and I’m going to take you guys on the ride to see what it takes to be a Realtor.’
If you sold a home and paid a commission to a real estate agent, you may be part of class action settlements,” the postcards read. We’ve signed 47 newlistings year to date, and we’ve had plenty of conversations with other sellers that we didn’t sign, but there are a lot more conversations surrounding transparency,” Posnick said. “It
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. Additionally, a lot of people are taking their time to learn more about the new regulations regarding real estate agent fees.
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%,
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.
There were nine new pending contracts for every 10 newlistings, a slower rate than the 9.9 The post No seasonal slowdown this year as real estate agents report a busier-than-usual fall appeared first on HousingWire. Over the last four weeks ending on Sept.
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. April and May of 2022 is when we felt the first slowdown ,” said Scott Michaels, an Austin-based Compass agent.
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).
Data from Altos Research shows that newlistings and pending home sales have fallen off a cliff since the storm’s formation. Newlistings in Tampa were at 775 on Sept. Tampa-area agent Jeff Borham of eXp Realty said that protocols for insurance are having an impact. 27, but they’ve since dropped to 555.
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.
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.
That’s where text messaging for real estate agents comes in — it’s quick, personal, and gets straight to the point. Script 8: Newlisting on the market Hi [Name], I just found a listing that fits your criteria perfectly! Use my well-worn, proven scripts below to build connection and close more deals.
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 We couldn’t even see it.
In Jacksonville, the median condo price declined roughly 7% year over year in January, sales declined 27% and newlistings increased 32%. A similar phenomenon occurred in Miami where condo prices fell 3%, sales dropped 9% and newlistings rose 27%.
Implemented in May 2020, under CCP, listingagents have 24 hours from when they begin marketing a property to list it on their local MLS. At the time of issuing its second CID, the DOJ stated that it believed that the policy restricts home-seller choices and precludes competition from newlisting services.
New home sales contracts are coming in pretty consistently fewer than last year — 4.9% Our Immediate sales measure of homes that get listed, take offers and go into contract in a few days is also notably lower than last year. On the supply side, newlistings are slightly more than a year ago, but pulling back.
As concerns about flooding, extreme temperatures and wildfires grow — and what that might mean for future insurance costs — this tool also helps agents inform their clients in discussing climate risk, insurance and long-term affordability.” Newlistings in the Midwest hold the least amount of climate risk, according to Zillow.
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