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2022 Massachusetts Mid-Year Report

Lamacchia Realty

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%.

Sellers 74
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What is a Complex Residential Property?

Appraisal Today

Many areas around the country are still quite competitive, but there is no mistaking the market is different this year with more supply in just about every location. We are seeing more new listings across the country, and it’s something we’re also seeing locally. Where is the market at right now? percent from 0.3

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12 Questions to Ask Your Real Estate Agent

PennyMac

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. If you’re selling a property, you’ll also want to make sure your agent is in-the-know on the latest and most effective marketing tactics in the industry.

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FED’S ACTIONS TAKE STEAM OUT OF HOUSING MARKET

Will Springer Realtor

Counties in and near Chicago and New York City were seen as the most vulnerable to today’s economic headwinds. New listings and housing supply are on the rise as buyer activity took a dive in September, based on the latest assessment of data from the Northwest Multiple Listing Service. OCTOBER HOUSING UPDATE.

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RISING INFLATION, RATES TRIP UP HOUSING MARKET

Will Springer Realtor

The King County housing market has seen inventory increase by 55% in the past month, while the number of homes going under contract fell 22% from May to the lowest June level since 2011. The tech-heavy Nasdaq has been hit especially hard, having lost 31% of its value since reaching an all-time high last November. .

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HOME BUYERS FACING ‘TRIPLE-WHAMMY’ EFFECT

Will Springer Realtor

For example, Seattle enjoyed a 125% month-to-month surge in new listings in January (308) but experienced a 15% decline in active listings on Feb. 1 (210) compared to the start of 2022; a robust 330 homes went under contract last month, a 41% bump from December. About 25 homes remain unsold.

Buyers 36
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Will Springer Realtor - Untitled Article

Will Springer Realtor

Equity rich means that the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market values. The most interesting developments came within the single-family-home category: The number of new listings in August fell 7.5% stronger YoY.