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There is an endless supply of realestate statistics out there, but what the heck do you do with all of them? Stats are the fuel to the fire of the realestate market and will make you exude confidence in conversations with potential clientsmaking them feel confident in hiring you to represent them.
There were 45,000 newlistings for single-family homes across the country this week, which is a big jump. This is different from a hurricane hitting Tampa where the realestate market is big enough to move the needle on national numbers. I do not expect a flood of new sellers, but we do see growth.
Believe it or not, good old-fashioned postcards are still one of the most effective realestate marketing strategies. Even though most agents focus their marketing efforts online, people start thinking about finding a realestate agent well before they hit ENTER on their first Google search. But where do you start?
The more rates fall the more we want to own realestate. Rates dropped to ultra-low levels, so we wanted to own every bit of realestate possible. Newlistings To get a lot of homes on the market though we need some sellers. There were only 54,000 newlistings of single-family homes unsold this week.
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 newcontracts both still show a bit of improvement over 2023, but the growth rates have slid back down.
Mortgage spreads As Ive traveled from city to city for speaking engagements over the last year, Ive noticed that mortgage spreads are not commonly discussed among realestate and mortgage professionals. The last two years were the two lowest newlistings data years in history. 26 in Dallas. Weekly inventory change (Jan.
The bi-annual report reveals a resilient luxury realestate market in the first six months of 2024 that is slightly outpacing performance from the equivalent period in 2023. In fact, proliferation of desirable inventory is a critical factor driving the luxury realestate market. of responding specialists agreed. “A
Newlistings move upward, but remain historically low Altos uses newrealestatelistings data as a key indicator of seller activity in the D.C NewListings are the homes that were listed for sale in a given week and added to the active inventory. housing market. As unemployment in D.C
Newlistings ticked up by 21% in February compared to last year, according to Zillow ’s February report. Newlistings rose 20% from January, and each of the 50 largest U.S. metros experienced an increase in newlistings. Texas and Florida saw the biggest jump in newlistings, year over year.
There are now 247,000 single family homes in contract. That is 4.25% more homes in contract now than last year at this time. Newcontracts up Newcontracts were 13% more than last year during the first week of January. If they have buyers, the price of the newlistings spikes up quickly.
Some homes are attracting bidding wars like its 2020 again, while others are sitting on the market for weeks with no action, said Desiree Bourgeois, a Redfin Premier RealEstate Agent in Detroit. In Miami, the typical home that went under contract last month sat on the market for 94 daysmore than any other major metro.
NewlistingsNewlistings also dipped for the second week in a row. Theres probably some weather effects in there, and I expect to see a jump in the newlistings volume in next weeks data. There were just over 53,000 newlistings unsold, plus another 10,000 newlistings immediate sales.
of homes that went under contract that month. Homebuyers pumped the brakes when mortgage rates ticked back up and are now in wait-and-see mode, said Jesse Landin, a Redfin Premier RealEstate Agent in San Antonio. of homes went under contract within two weeksthe lowest share in five years. Newlistings fell 1.6%
Home listings fell in neighborhoods hit by the wildfires, too. Listings slowed a bit in Februarybut not nearly as much as sales. There were 23 newlistings in the Palisades, down 12% year-over-year, and 46 newlistings in Altadena, down 6%. million in February, down 8% year-over-year. Home sales rose 6.2%
Home prices contract The median price for home sales contracts entered this week was at $389,700. Newlistings drop There were just under 49,000 newlistings unsold for single-family homes this week. This week bucked the trend with a little positive move to 56,000 newcontracts started.
As we near the fourth quarter of 2024, the traditional peak of the home-buying season has passed, and the realestate market is entering a period of transition. Newlistings have also shown signs of tapering off, with just under 71,000 new unsold listings reported in early July.
This is measurable in both the total unsold inventory and the number of newlistings each week. There are 358,000 single-family homes in contract right now, and they are priced only 50 basis points above last year at this time. Well, newlistings are climbing. In this chart, we have the weekly newlistings rate.
Between leveraging your personal network, filming YouTube videos and even the unpleasant task of cold prospecting, realestate professionals today wear all the hats. Yet, in a competitive realestate market, agents don’t always have the luxury of investing months into long-term brand-building.
To help, I put together my best strategies for realestate social media marketing that still work in 2024, common mistakes to avoid, how to choose which platforms to focus on, and my favorite free and paid social media tools that can cut your work in half. Social media gives you the perfect opportunity to build a brand that resonates.
Our comprehensive guide to the best realestate marketing tools provides you with a helpful assortment of easy-to-use, effective marketing products to turn your business into a revenue engine in 2024. We know — you didn’t get into realestate for the love of marketing or tech.
Active listings of homes for sale rose to the highest level since early in the pandemic. Newlistings hit the highest level since July 2022, increasing 1.9% of homes that went under contract last month. Newlistings: Newlistings rose most in Seattle (30.8%); Oakland, California (27.7%); and Sacramento, California (25%).
For realestate professionals, the changing landscape is a call to action. Today, it’s about meeting the new demands of a varied and tech-savvy market — all while adding a personal touch. Today, it’s about meeting the new demands of a varied and tech-savvy market — all while adding a personal touch.
In the ever-competitive realestate market, creating a consistent flow of realestate buyer leads is strategy for success. Extending a broad (but strategic) net is part of knowing how to generate buyer leads in realestate. Of course, you can’t do everything — but consistency is important.
Texas residents interested in becoming a realestate agent must first complete 180 hours of approved coursework to be eligible to sit the state licensure exam. We estimate that it’ll take three to six months to get up and running as a licensed realestate agent in the Lone Star State.
While they previously accounted for only 2% to 4% of listings, that share surged to nearly 8% of newlistings by February 2025. This shift is prompting realestate professionals and consumers alike to reevaluate implications of this marketing approach.
“But if the pandemic surges up again, I think we’re just going to get busier and busier here, because we are definitely located in the correct position, outside of New York City, where parents can still commute to work and children can have space needed for homeschooling and things like that,” Kanacki said.
In the 2010s, interest rates were very low for basically the whole decade and that encouraged Americans to buy and hoard realestate. Newlistings on trend Nationally, there were just 31,000 newlistings for single-family homes from the last week which included Thanksgiving weekend. is $384,900 now.
Inventory , newlistings, etc. Newlistings volume peaked a few weeks ago. While there won’t be a big drop off for newlistings in July, we can assume we’ll have fewer sellers each week through the rest of the year. There won’t be a big drop-off in newlistings volume in July.
Realestate mailers aren’t dead — far from it. With so many agents focused on digital marketing, mailers can help you stand out from the crowd to attract new leads, increase brand awareness, generate more referrals, and ultimately close more deals. each; letters: $1.18 each; brochures: $2.25
If you follow realestate data closely, you’ll know that inventory rose late into November. You also know that newlistings are up over last year, too. Newlistings volume is up, too. There were 58,000 newlistings this week, with 10,000 of those homes already under contract as immediate sales.
Newlistings volume is trying to grow with its biggest week since September. List prices inched up for the week, though sales prices did not advance. We calculate that while there were 63,000 newly pending single-family home sales in the week, there were another 20,000 withdrawn listings across the country.
Newlistings climbed during the past week and there are now 72,000 more single-family homes on the market. It appeared that newlistings might be on the decline already, but the pace picked up a tad this week, which is encouraging. realestate market at the end of May 2024. immediate sales).
As a broker and realestate coach, I’m always surprised when new agents tell me they don’t want to use realestate scripts. Below, you’ll find proven realestate scripts for 12 common situations to help you earn more business in 2024. This is [name] with [brokerage]. Any offers yet?
If we look at the housing market right now, sales are down, newlistings are down and prices are decelerating. Home prices and newlistings dipped too. On the pricing side, last week had the first negative print on year-over-year price for newlistings. Is it darkest before the dawn?
Local realestate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Single-family homebuyers who entered contract, meanwhile, slalomed to 12 total in July compared to 46 a year earlier, per the report. Aspen, Colorado.
Newlistings and home sales remain low this week while available inventory of unsold homes is finally falling across the country after rising with mortgage rates late into November. Home prices will also be up and we have more homes under contract than we did at the end of 2022. We want newlistings volume to show growth.
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.
If you need to communicate about the realestate market with buyers and sellers, you should join us. realestate market as of mid-May 2024. Newlistings Slightly fewer newlistings hit the market this week — 69,000 single-family homes that are newly listed, plus another 20,000 listed that are already under contract.
The seasonally-adjusted index measuring signed contracts was up 15.5% Home sellers are seeing their homes go under contract in record time, with nine newcontracts for every 10 newlistings.”. pending home sales rose 5.9% As states reopen, Yun expects the market to remain hot.
realestate market as we’re now in the second half of 2024. Massachusetts and New York, for example, are still just coming off the record tight markets of the pandemic, but that trend is changing — finally. We saw 71,000 newlistings for single-family homes this week. And how quickly will consumers notice?
The median price of the homes in contract is higher than last year and the new sales each week are up a few percent over last year. Last year if you listed your home in July, you priced at a discount because there were no buyers. I’ve been watching the price of the new pending sales each week. There was no crash.
At least, that’s what the data seems to suggest as inventory grows and newlistings decline at a less aggressive rate than last year. Newlistings decline isn’t as steep as a year ago There were only 53,000 newlistings (single-family homes) unsold this week, plus 10,000 more newlistings that are already in contract.
Rather than a typically busy spring home-buying season , the COVID-19 pandemic pushed the bulk of home-buying this year into the summer months, and realestate agents are busier than ever. Since homebuying season was pushed back from this spring, realtor.com ’s Housing Market Recovery Index reported that August is the new May.
Any sales growth momentum in the realestate market we might have had early in the year is gone. New home sales contracts are coming in pretty consistently fewer than last year — 4.9% On the supply side, newlistings are slightly more than a year ago, but pulling back. fewer in the most recent week.
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