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Check out these nine downloadable real estate prospecting letter templates to help you make an impression in your neighborhood or zip code. The goal of this type of letter is to promote a newlisting in the neighborhood, to position yourself as the expert by providing information about the listing, and to find more business.
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. We want newlistings volume to show growth. Download the free Altos eBook: “How to Use Market Data to Build Your Real Estate Business”
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 new contracts both still show a bit of improvement over 2023, but the growth rates have slid back down.
More newlistings could help boost sales We saw 58,000 newlistings added to the housing inventory this week, with 9,000 of those already under contract. That’s more new sellers this year than the same week a year ago, signaling a tiny improvement in our supply-starved housing market.
After an initial rush to get to market in Q2 2022, newlistings volume fell precipitously. In July 2022, newlistings volume per week dropped from 90,000 at the end of June to approximately 74,000 just after the July 4th holiday. We see the same pattern in the newlistings rate each week.
Small spike in newlistings After the first of the year we always see early price signals with the price of the cohort of newlistings each week. Sellers have waited over the holidays and they start hitting the market right after new years. If they have buyers, the price of the newlistings spikes up quickly.
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.
Newlistings To watch whether supply and demand might get out of balance with higher mortgage rates, keep an eye on the newlistings volume this spring, not just the total inventory. There were 59,000 newlistings unsold this week. The median price of the newly listed cohort this week is $420,000.
Home sellers are starting to ease back into the market, newlistings are finally exceeding the levels of a year ago. The market had about 49,000 newlistings this week. Leaving 40,000 Newlistings to add to the market which is about a 5% increase versus last year. 9,000 of those are already in contract.
For buyers, you may want to link to newlistings that fit their must-haves. Agent advice and resources Redfin Housing market trends and reports, industry news, statistics, and downloadable graphs. You can do the same with your social media channels. Homeowners Insurance: Which Protects What?”
There were 7% more new sellers this week than the same week a year ago. There were 44,000 newlistings for single- family homes this week, plus another 11,000 immediate sales which were listed and are already in contract. The pace of new sellers each week remains incredibly restricted, but is showing signs of easing.
Newlistings rise Newlistings continue to show us that more sellers are interested in this market this year. With just under 50,000 newlistings unsold coming to the market this week, that’s now 16% more than the same week a year ago. Each week, the percentage gains over a year ago keep improving.
Each week, there are more newlistings than a year ago, allowing inventory to build and eventually leading to more home sales this year than last. The median price of the newlistings this week is $410,000. Download the free Altos eBook: “How to Use Market Data to Build Your Real Estate Business” is $429,000.
Newlistings, seasonally adjusted 526,740 1.6% Total homes for sale, seasonally adjusted (active listings) 1,636,415 -0.3% Median days on market 37 3 6 Share of homes sold above final list price 30.2% -3.1 ppts Average sale-to-final-list-price ratio 99.3% -0.4 Newlistings, seasonally adjusted 526,740 1.6%
12] After you create an account as a new user, you will pay the $185 application fee and receive a payment confirmation. Be sure to download and save this confirmation on a cloud drive. Lead Gen As a new agent, make it a priority to pick a brokerage that is committed to helping you with marketing and exposure.
Agents can build a mailing list by offering valuable resources like market reports or home valuation tools in exchange for contact information. It is also possible to purchase lists , although this method feels a little spammy to me. Personalization is key in making recipients feel valued.
” “Remember the days when you had a shoe box full of MLS cards and you would have to always file in any newlistings and sales? “The ease with which I can inspect a property, take pictures, notes and draw the sketch on the iPad onsite, and download to work on at the office make it so much simpler than a pad and pen.”
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