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Newlistings each week, which were record few last year, are growing now. There are still notably not a lot of sellers. But home sellers are gradually easing back into this housing market. There were 66,000 newlistings this week, of which 14,000 are already in contract. It’s not a ton of sellers.
We still see more sellers than last year. 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. We are in the normal range with price reductions, meaning sellers are generally fine, generally getting their prices. is $429,000.
Check out these nine downloadable real estate prospecting letter templates to help you make an impression in your neighborhood or zip code. We negotiated to get the sellers the highest price possible. Even if you’re months or even years away from moving, a seller’s prep session is one of the services I offer homeowners.
Building on existing relationships is the quickest and easiest way to keep your pipeline filled with active buyers and sellers, so you dont have to worry about dry spells. By segmenting your contacts list, you should have at least three to five distinct audience segments and newsletters to send, depending on your niche.
It looks like this is evidence that housing markets are returning to normal rather than a case of sellers panicking, but it’s worth keeping an eye on. After all, more sellers means more sales in 2024. That’s more newsellers this year than the same week a year ago, signaling a tiny improvement in our supply-starved housing market.
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. More sellers equals more home sales in 2024. housing market in 2024.
Sellers are coming back There are 499,000 single-family homes unsold on the market now. There are slightly more sellers each week. Last year, was marked by how few sellers there were. We can expect to have more sellers all year. Sales were held back for lack of sellers. Home price signals are increasing too.
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. That’s a swing of 17% fewer sellers in just a matter of days.
The suspicion was that there were a bunch of sellers who were waiting to sell: Once rates fell these sellers would come rushing back to this real estate market and we’d finally see inventory grow. Second, because people think of home sellers as being locked-in by high interest rates. That’s 15% growth over the pace of 2023.
Home sellers are starting to ease back into the market, newlistings are finally exceeding the levels of a year ago. Slightly more sellers Inventory is building now because we have slightly more sellers each week. The market had about 49,000 newlistings this week.
There are more buyers than sellers. We have slightly more sellers now than we did a year ago and inventory is now 8.8% More sellers this week than last week Each week, just a few more home sellers are testing this market. There were 7% more newsellers this week than the same week a year ago.
Even as money is more expensive and there are more sellers than a year ago, we can also see slight home sales growth over 2023. Newlistings rise Newlistings continue to show us that more sellers are interested in this market this year. Is new supply growing out of balance with demand?
Real estate prospecting is a necessary activity for agents aiming to build a robust pipeline of buyer and seller leads. Best practices include creating and sharing valuable, relevant content that addresses common concerns or interests of buyers or sellers. It could be next week, it could be next year. Why not join them?
My advice to sellers is to price your home fairly; if you don’t, it could end up sitting on the market.” 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
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