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When it comes to home sales, August is the new May, keeping agents busy into the fall

Housing Wire

According to the National Association of Realtors , contract signings kicked off strong in August , with the most contract signings last week in the Midwest, at 21%. As new contract signings are outpacing new listings due to low inventory, properties sold typically within 26 days in the four weeks leading up to August 2, NAR said.

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Here’s what is happening in local housing markets across the country

Housing Wire

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. Of those 12 homes purchased, 10 cost at least $5 million. The slightly more affordable Aspen option are condos.

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No seasonal slowdown this year as real estate agents report a busier-than-usual fall

Housing Wire

There’s a lot of homeschooling going on in this hybrid world, and it’s difficult,” Realtor Vesna Kanacki with Century 21 Full Service Realty in New City, New York, told HousingWire. 20, the National Association of Realtors said that contract signings were up 23% year over year.

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Rising insurance costs, ample inventory create a unique market in Southwest Florida

Housing Wire

In the nearby metro area of Cape Coral-Fort Myers , active single-family inventory over the previous 90 days averaged 6,500 listings as of March 15, above its March 2020 level of 5,044 listings and approaching its March 2019 level of 7,243 listings. Smith attributes the uptick in inventory to a bump in new listings.

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The hazy, lazy days of summer hit the northern New Hampshire housing market

Housing Wire

“The trend of buyers has been significantly different the last four to five weeks,” said Charissa Kennard , an agent for Berkshire Hathaway HomeServices Verani Realty. Despite the slowdown, Andy Smith, the broker-owner of Badger Peabody & Smith Realty , said the market is actually still quite strong.

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Pending home sales drop, but there’s a silver lining

Housing Wire

All four areas saw contract transactions increase from a year-over-year standpoint. Realtor.com’s Housing Market Recovery Index showed yet another month of significant contract growth, especially in Austin, San Antonio, Denver and Sacramento. Making housing more affordable by bridging the affordable supply gap.

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23 creative open house ideas to drive foot traffic, get leads and sell fast

Housing Wire

Listing and marketing properties is a complicated process. For every new listing, you’ll be reminded when to tackle important milestones. We love Coffee & Contracts for social media marketing. Check out Coffee & Contracts Related articles 30 real estate social media post ideas (+ popular agents to follow) 6.