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9, housing markets in the Tampa area came to a complete halt as sellers took their homes off the market. 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.
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. Its a symptom of a market thats transitioning away from sellers.
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%
Redfin agents report that buyers who can afford to purchase are acting now before costs rise further. While high prices deter some buyers, more sellers are entering the market, giving buyers more options. Newlistings rose 12.7% year-over-year in March, the largest increase in 11 months.
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. Now its pretty clear that sellers arent slashing asking prices and mortgage rates arent plummeting, so mindsets are shifting. Median asking price $407,225 5.2%
“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
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. The market action index is 37, indicating that there is a slight seller’s advantage. Is there a better way to make yourself the go-to agent in your area?
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).
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.
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. Right now, 33% of the active listings have taken a price cut from the original list price. In 2023, this number was 33.9%.
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?
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. Thats why Im telling all of my sellers that its crucial to price their homes competitively. Pace of Sales Hits Five-Year Low The typical U.S.
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. However, some sellers had complaints. Do they need to buy a new home urgently because of a new job?
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%
Final Offer’s new feature gives agents a new avenue of communication with clients looking for unique listings. According to the company, PX allows agents to share “pre-market” and “off-market” properties with clients via a private channel.
That’s where text messaging for real estate agents comes in — it’s quick, personal, and gets straight to the point. Connect with seller leads Purpose: Build trust and start meaningful conversations with potential sellers. Script 3: Engage with expired listings Hi [Name], I saw your home is no longer on the market.
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). The call did come with a setback for agents.
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.
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.
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.
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 Altos considers any score above 30 to be a seller’s market.
Unlike a typical spring homebuying season in which sellers are also looking to buy a home, people trying to relocate into a bigger or smaller home in the Mid-Atlantic region made up a relatively small share of the housing market. of sales were rental or investment properties or second homes , according to a survey of 1,063 listingagents.
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
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.
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.
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.
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.
According to a new report from Redfin, nationwide, 6.4% of home sellers cut their asking prices during May, the highest share since November 2022. The post Home Sellers Forced to Get Flexible With Asking Prices first appeared on The MortgagePoint. Pending sales numbers are down 3.4% Even though 7.8% Even though 7.8%
The mailers are titled “Notice of Proposed Settlements” and they began hitting the mailboxes of home sellers in mid-February. 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. What do the postcards say?
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.
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. If fact the “coming soon” pre-listings are now running behind last year by 5%.
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.
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.
To get a sense for what the mood is among real estate agents right now, look no further than Portland , Oregon. Like the vast majority of the country, the city’s housing market has been stymied by high mortgage rates, low inventory and mismatched expectations between buyers and sellers. Sellers think it’s a seller’s market.
Newlistings have risen approximately 8% compared to last year, yet overall inventory remains below typical spring levels. Simultaneously, persistently high housing costs have driven pending home sales down by 4.2% year over year, the largest decline in three months with the exception of the previous four-week period, which saw a 4.4%
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.’
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. So that’s a total of 84,000 total newsellers for single-family homes this week.
Buyers are still buying and sellers are still selling. 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.
Before the new law was enforced, many condo associations were investing their reserves in government-insured instruments, sacrificing their liquidity to generate a return. As a result, new condo listings are flooding the market in Florida as sellers try to unload their properties at a discount.
When the meeting concluded, DeRoussel quickly reached out to the seller’sagent 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.
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.
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