This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Newlistings each week, which were record few last year, are growing now. Newlistings volume climbing I want to start today with the newlistings volume, which is notably finally climbing over last year’s anemic levels. There were 66,000 newlistings this week, of which 14,000 are already in contract.
Check out these nine downloadable real estate prospecting letter templates to help you make an impression in your neighborhood or zip code. It was listed at (list price) and sold well above the asking price. There are still plenty of buyers interested in this area. If you don’t have active buyers, ask around the office.
Building on existing relationships is the quickest and easiest way to keep your pipeline filled with active buyers and sellers, so you dont have to worry about dry spells. By segmenting your contacts list, you should have at least three to five distinct audience segments and newsletters to send, depending on your niche.
Those metrics, specifically the pace of newlistings and new sales contracts, slowed this week. Our immediate sales metric of homes that get offers within a couple days of listing also slowed. Newlistings and new contracts both still show a bit of improvement over 2023, but the growth rates have slid back down.
Newlistings To watch whether supply and demand might get out of balance with higher mortgage rates, keep an eye on the newlistings volume this spring, not just the total inventory. There were 59,000 newlistings unsold this week. Last year there was still a lot more buyer momentum than sellers.
Small spike in newlistings After the first of the year we always see early price signals with the price of the cohort of newlistings each week. Sellers have waited over the holidays and they start hitting the market right after new years. If they have buyers, the price of the newlistings spikes up quickly.
This is not a recipe to keep the home buyer momentum we saw building in December. Remember that the way to more selection for home buyers is with higher mortgage rates. Spring buyers’ market It’s the spring buyers market and inventory is falling each week. There are more buyers than sellers. A few years.
Newlistings rise Newlistings continue to show us that more sellers are interested in this market this year. With just under 50,000 newlistings unsold coming to the market this week, that’s now 16% more than the same week a year ago. It can be hard to communicate all this with buyers and sellers.
Last year at this time, we were seeing surprising home buyer demand with rates having fallen to the low 6s. Each week, there are more newlistings than a year ago, allowing inventory to build and eventually leading to more home sales this year than last. The median price of the newlistings this week is $410,000.
Think of it as another concierge service to offer your buyers to help you stand out. The Houzz app is an excellent tool to add to your suite of buyer services, helping you stand apart as a professional home consultant–not just an agent.
But buyers have been reluctant to respond. Higher home prices mean buyers have to come up with larger down payments. Cendejas is seeing renewed buyer interest now that it’s September, but said a lot of house hunters still want to see rates in the 5% range before they jump into the market. Newlistings rose 1.6%
Real estate prospecting is a necessary activity for agents aiming to build a robust pipeline of buyer and seller leads. However, it often yields quicker results as it entails direct engagement with potential buyers and existing property owners. It is also possible to purchase lists , although this method feels a little spammy to me.
12] After you create an account as a new user, you will pay the $185 application fee and receive a payment confirmation. Be sure to download and save this confirmation on a cloud drive. Lead Gen As a new agent, make it a priority to pick a brokerage that is committed to helping you with marketing and exposure.
We organize all of the trending information in your field so you don't have to. Join 9,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content