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This unexpected turn of events breathed new life into the market, pushing purchase application data into positive territory for the year. Weekly pending sales The latest weekly pending contract data from Altos offers valuable insights into current trends in housing demand.
Despite this, we had positive data on existing home sales , purchase applications, and our weekly pending contract figures. Total active listings are experiencing their traditional seasonal decline, but with less than two weeks left in the year, its evident that there are ready homebuyers in America. Weekly inventory change (Dec.
Newlistings on trend Nationally, there were just 31,000 newlistings for single-family homes from the last week which included Thanksgiving weekend. Hard to say, but like the slight growth in newlistings, seeing a slight growth in home sales is an optimistic view of the housing market. is $384,900 now.
Single-family homebuyers who entered contract, meanwhile, slalomed to 12 total in July compared to 46 a year earlier, per the report. Thirty-three condo contracts were entered in July and 20 were in the $2-$4 million range. Exclusive access to the HW+ Slack community and virtual events. Become a member today. Already a member?
While I didn’t get my minimum target of 80,000 newlistings during this year’s peak seasonal weeks, I am pleased we saw growth. I did get a bit excited two weeks ago with the pick-up of newlistings as mortgage rates fell, but we didn’t get as good a follow-through this week. Weekly inventory change (Aug.
Things are hapenning fast with mortgage rates, which is why I update HousingWire’s Mortgage Rate Center page with analysis every weekday morning — looking at how the bond market reacts to economic data or an event that can move rates. Last year, it was savagely unhealthy that newlistings data was trending at the lowest recorded levels.
25 -Sept 1): Inventory rose from 503,924 to 509,562 The all-time inventory bottom was in 2022 at 240,497 The yearly inventory peak for 2024 was last week at 704,744 For some context, active listings for this week in 2015 were 1,204,810 Newlistings data Newlisting data is experiencing its traditional seasonal decline.
Mortgage spreads were a negative storyline in 2023, as the collapse of Silicon Valley Bank and the resulting banking crisis pushed them to new cycle highs. We haven’t had any banking crisis events this year, and the Federal Reserve is starting its rate-cut cycle soon. Weekly inventory change (Aug.
Additionally, our pending contracts are still reflecting double-digit year-over-year growth. Weekly pending sales The weekly pending contract data from Altos Research gives us a great peek into real-time housing demand. Lets look at this weeks Tracker data to see if this trend can continue for the rest of 2024.
housing market , we just experienced an event that most people never thought could happen. During that period, we saw newlisting data decline. However, in 2020 newlisting data came back, and we don’t want to see the newlistings continue to decline this year — that would be a double negative for the housing market.
Inventory, NewListings and Pending Sales Overview Newlistings increased by 7.9% more newlistings compared to last year. Newlistings are still 23.3% Inventory (the number of listings active at any time during the month) in May increased by 7.4% The typical mortgage payment is up 11.3%
These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. Active inventory fell 1,109, and newlisting data made a lovely comeback week to week but was still noticeably down year over year.
The number of newlistings coming on the market this spring is lower than it has been in more than a decade. Sales and new pending contracts are below pre-pandemic levels. After this series wraps, join us on May 30 for the next Housing Market Update Event. Selective sellers. Who is selling right now?
From NAR Research : “Total existing-home sales notched a minor contraction of 0.4% Existing home sales have more legs to go lower, especially now that newlisting data is falling. from July to a seasonally adjusted annual rate of 4.80 million in August.” Is this the first stage of a mortgage rate lockdown?
Summary Planning your open house Marketing your open house Hosting your open house Open house follow-up ideas The full picture Open house ideas: Planning your next event Not every one of your clients wants or needs to hold an open house, but you can certainly play up your open house events to help you reach your real estate career goals.
Canva is perfect for everything from newlistings to brand promotion. Best features: Templates Upload your brand colors and fonts Premium license-free imagery Starting price: Free Visit Canva Coffee and Contracts Coffee & Contracts is like a social media toolkit for real estate agents.
UPCOMING (PUBLIC) SPEAKING GIGS: 01/31/24 Joel Wright & Mike Gobbi Event 9am (on Zoom here) 02/01/24 Gateway Event (private) 2/09/24 PCAR WCR Event […] The post The spring housing market is waking up & random stats first appeared on Sacramento Appraisal Blog.
Community events. Once a lead is input into its CRM, Zurple sparks conversations via text or email with your leads from all sources, and alerts them to newlistings in their area of interest. Vetted by HousingWire | Our editors independently review the products we recommend. Organic social media traffic.
Newlistings hitting the market from existing owners rose nearly 12% year over year. Zillow surveys of recent sellers show 78% were influenced by life events to make their decision to sell, such as landing a new job or a change in family size. Nationally, homes that sell are typically under contract in 38 days.
It’s packed with stylish templates for social media, events and more. These events are platforms to connect with potential buyers, showcase your expertise and raise visibility throughout your local community (and online, if you stream them via webinar!). LCA’s standout feature? An in-app direct mail tool.
Today, it’s about meeting the new demands of a varied and tech-savvy market — all while adding a personal touch. Use this tool: Coffee & Contracts Coffee & Contracts is like a membership-based social media toolkit for real estate agents. Sponsor community events Increase your visibility by sponsoring local events.
Open house postcards Open house postcard from Wise Pelican Open house postcard from Agents Assemble on Etsy Open house postcard from Agents Assemble on Etsy Open house postcards are a valuable tool in the real estate agent’s arsenal, designed to draw prospective buyers and sellers to your property listings.
Additional services to level up your direct mail efforts include automated home valuations, customized QR codes for tracking, and full direct mail campaigns that include brochures and branded real estate letters for newlistings, open houses, FSBO marketing and more. each; letters: $1.18 each; brochures: $2.25
DOM can be measured in several ways, but the one I see used the most is the average number of days between the last price change, if any, and the contract date (or today’s date if it has not sold.) Who makes the call to do this? A trade group, a regulatory body, a for-profit platform? -Do
If you have any questions about the paperwork or need help during the contract to close period, please save my number and reach out. Spell out a few specific life-change events where real estate might need to be bought or sold. I sell a lot of properties in this area, so I’m always curious how the traffic is! Any offers yet?
Buyers and sellers can be in completely different parts of the world and still access their contracts at any time! With GoFormz, you can instantly populate information into rental applications, contracts, and other documents. GoFormz Template Events provide an easy way to automatically send an email based on various triggers.
2024 New Hampshire mid-year housing report For this New Hampshire Mid-Year Report, we are focusing on three property types: single-family homes, condominiums, and multi-family homes along with the number of homes listed for sale and placed under contract. As a result, average housing prices have continued to rise.
Highlighted in this report are the average sale prices for single-family, condominiums, and multi-family homes in Rhode Island along with the number of homes listed for sale and placed under contract. Pending Home Sales (contracts accepted) The number of homes placed under contract increased by 1.1%
Many sellers are hesitating to put their homes on the market, therefore, the number of newlistings is down year over year. Connecticut consistently has the lowest inventory of all New England states, and therefore the lowest chance of prices dropping. year over year with 18,494 pending sales over 18,667 last year this time.
Simply put, a backup offer is an accepted offer that immediately becomes primary in the event the current accepted offer fails. Once initialed by all parties it’s added to the contract and the waiting process begins. Remember - this is a legal, binding contract once accepted. What is a Backup Offer?
Highlighted in this report are the average sale prices for single-family, condominiums, and multi-family homes in Maine along with the number of homes listed for sale and placed under contract. The Maine housing market had a somewhat unique trend compared to other states in New England.
Both inventory levels and newlistings increased significantly in recent months, leading to an 18 percent increase in sales and a 1.6 Even more telling, contract signings for homes priced at $1 million or more have increased by 11 percent over last year, and demand remains high among affluent buyers. percent from 7.06
Highlighted in this report are the average sale prices for single-family, condominiums, and multi-family homes in Massachusetts along with the number of homes listed for sale, placed under contract, and price adjustments. Homes Listed for Sale. People will list if they need to make a move. Sales Decrease by 11.3%.
This report analyzes sales, average prices, the number of active listings, and listings under contract for 2023 compared to 2022. Lowest number of homes listed in recorded history, decreasing by 19.7% The number of homes placed under contract (pending, just singles and condos) decreased by 18.9%
This report, the first one we are publishing for Rhode Island, examines sales, average prices, the number of active listings, and listings under contract for 2023 compared to 2022. Lowest number of homes listed in recorded history, down 19.5% The number of homes placed under contract decreased by 19.3%
Highlighted in this report are the average sale prices for single-family, condominiums, and multi-family homes in Massachusetts along with the number of homes listed for sale, placed under contract, and price adjustments. Pending Home Sales (contracts accepted) The number of homes placed under contract declined 20.8%
The listings spike, indicated by the yellow line, started after the summer of 2023. Newlistings are outpacing the number of sales in South Florida, and pending sales are down, meaning homes are being listed faster than they are going under agreement. over this timeframe in 2023.
We know buyers are eager to purchase properties, as 39% more homes went under contract in January (1719 units) compared with the previous – admittedly quiet – month. And, despite the rise in newlistings, the number of homes still on the market on Feb. fewer (1842) than on Jan. from a year ago. from a year ago.
The 2022 Connecticut Year in Review Housing Report breaks down sales, newlistings, new pending sales, active inventory, and average price compared to the 2021 market and analyzes what the data means for the current housing market and beyond. Homes Pending (contract accepted) There were 20.2% Sales Down 18.8%
The Eastside led the way with a 33% drop-off in newlistings (420) and Seattle fell 31% (586). By comparison, there were exactly 2900 newlistings across our county in November 20 years ago. Notably, the Eastside saw a 25% decline in Pending sales (homes under contract) but are still 9.2% higher YoY.
Find an agent who really understands the different contracts you need and how to properly fill them out, the legal obligations you’ll run into, and the financial side of the business. In popular markets , homes can go under contract quickly — sometimes even the same day that they are offered for sale. How much notice do they need?
Every key data point from the Northwest Multiple Listing Service (MLS) gained ground against the previous month – as often happens with the spring housing season taking stride – including the number of new and active listings, homes going under contract and final sales. Prices rose, too, to near-record highs.
You don’t have to be a scientist to realize the number of climate-related events has increased in frequency and intensity across the globe. Beyond the devastation of flooding, there are the life-changing events related to rising temperatures – drought and wildfires. Kentucky is an example of repeated disasters. year-on-year (YoY).
1, that requires buyers wishing to work with a licensed real estate broker to sign a services contract. The pact clarifies certain terms, including whether they will have an exclusive contract with the broker or non-exclusive, and how brokers will be compensated for their services. (I Events are subject to change. SW, Puyallup).
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