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Housing inventory is up, but so are unsold listings. Are renters to blame?

Housing Wire

Rising housing inventory levels in 2024 may not be the positive sign of market health that they appear to be. High inventory levels contribute to another problem as active listings are remaining unsold for longer periods. Redfin refers to these listings as “stale inventory.” ” According to the report, 54.5%

Inventory 488
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Compass’s recent performance points to the future of real estate brokerage

Housing Wire

By contrast, legacy brokerages did not perform nearly as well. And among privately held brokerages, the one executing most effectively on what Compass is proving in the public markets is SERHANT. to become the first screenless brokerage. In Q4, the company reported a revenue increase of 26% year over year, reaching $1.4

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Compass acquires luxury brokerage in Washington, D.C.

Housing Wire

The brokerage has acquired Washington Fine Properties (WFP), a luxury real estate brokerage located in the Washington, D.C., According to WFP, the brokerage has the highest average sales volume per agent and the highest average sale price in the areas where it operates. Compass has added to its roster in the nations capital.

Brokerage 351
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United Real Estate continues expansion efforts in South Carolina

Housing Wire

According to a company statement, this move will strengthen the brokerage’s presence in the Carolinas. United President Rick Haase credited United Queen City for driving this expansion with excellent management practices and brokerage growth. For-sale inventory is up 17.1% in the state compared to a year ago.

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Final Offer acquires off-market listings platform Private Collection

Housing Wire

Final Offer said the addition of Private Collection adds more than $1 billion in off-market inventory to its platform. “With full integration into Final Offer, buyer agents can share and comment on exclusive listings and then make offers and negotiate the transaction seamlessly within one integrated platform.”

Marketing 397
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Special report: The brokerages gaining or losing market share in Dallas

Housing Wire

It is unsurprising, then, that Texas has seen a boom in new real estate brokerage offices in the past five years. 1 brokerage by listing count from 2019 through 2023. The top 10 brokerages in Dallas by listing count were responsible for 12,145 listings in 2023. of the MLS listings held by these brokerages in 2019 to 7.2%

Brokerage 448
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Special report: Jacksonville’s brokerage competition visualized

Housing Wire

Those advantages, coupled with cheap land, made the city a favorite for homebuilders like DR Horton and Lennar that brought plenty of new inventory to market. In this environment of high rates and tight inventory, brokerages have had to become sharp elbowed. If not, expect brokerage competition to get even hotter.

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