Buyers Market Value New Listings 
Housing Wire
APRIL 19, 2024
Redfin defined luxury homes as those estimated to be in the top 5% of their metro area based on market value, while non-luxury homes are those with estimated values in the 35th to 65th percentile. High-end buyers tend to be more immune to mortgage rate fluctuations and flock to the luxury housing market.
Appraisal Buzz
JULY 25, 2024
Redfin defines “luxury homes” as those estimated to be in the top 5% of their respective metro area based on market value, and non-luxury homes as those estimated to be in the 35th-65th percentile based on market value. They were also more likely to have benefited from a strong stock market and high levels of home equity.
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Appraisal Buzz
AUGUST 8, 2024
Chen Zhao, Redfin’s Economics Research Lead, predicts that the market will likely surpass $50 trillion within the next 12 months due to a lack of new listings keeping prices elevated. New Jersey leads in value gains New Jersey metros close to New York City saw the largest jumps in property value over the last year.
Appraisal Buzz
JUNE 10, 2024
New listings were 98,467, representing a 6.9% Active listings were 923,747, representing a 15.8% I’ve seen buyers get a home under asking price when it has been on the market for a few weeks. Other buyers are finding creative ways to afford a home, like buying a duplex, living in one unit and renting out the other.”
Cleveland Appraisal Blog
JANUARY 5, 2023
According to Altos Research, 42% of the single-family home listings in Cuyahoga County have received price reductions. Some of this is seasonal, but a good portion of the declines recently is due to buyers not being able to afford as much as they once were due to the rate hikes. In June of 2022, the list-to-sales price ratio was 103%.
Lamacchia Realty
JULY 22, 2022
Sales are down now due to major mortgage rate increases crushing buyer affordability, and other buyers are pulling out of the home search with concerns of buying at the top of the market. Homes Listed for Sale. There were 49,839 new active listings in the first half of 2022 compared to 53,823 last year , a 7.4%
McKissock
MARCH 1, 2021
Some want me to summarize the market data and give concise guidance on market values. Q: What obstacles are Millennials facing in the Boston real estate market? A: The obstacles Millennial real estate buyers face for owning a home in the Boston market come down to low inventory.
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