This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Homesellers are returning to the market, but buyers are hesitant, according to a recent Zillow market report. In May, new property listings exceeded sales, allowing buyer competition and price rise to slow—and more price relief is expected. Homevalues are up from year-ago levels in 46 of the 50 largest metro areas.
The spring housing season is beginning with more sellers and a growing number of homes for sale, said Danielle Hale, Chief Economist at Realtor.com. Data also suggest that pricing competitively is key for sellers in todays environment. March saw the greatest number of newhomelistings in three years, up 10.2%
metropolitan areas in February 2022, based on year-over-year growth in median listing price according to the residential real estate listing website, Realtor.com. The table also reports the year-over-year percent change in newlistings for each market. Table 1, below, reports the 10 hottest U.S. Bellingham, WA 51.7% -8.3%
Connect with seller leads Purpose: Build trust and start meaningful conversations with potential sellers. Script 1: Initial outreach to sellers Hi [Name], I noticed your home on [Street Name] and wanted to check if you’ve considered selling. I’d love to provide a free market analysis to show you what your home is worth!
According to recent Zillow data, as the home-buying season draws near, buyers are more affected by persistently high mortgage rates than sellers. Most purchasers in the market today have a high probability of seeing a price reduction on their bookmarked listing, even though competition varies significantly by region.
Measuring Inventory & NewListings MoM Newlistings decreased by 1.1% Newlistings increased by 0.8% Newlistings are 21.3% For-sale inventory (the number of listings active at any time during the month) in August increased by 0.2% home this month was listed at $362,143.
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.
Following the Federal Reserve ‘s 50 basis point reduction in the jumbo rate in September, mortgage rates significant fell to a 24-month low, prompting sellers to move. The Realtor.com 2024 September Housing Report states that actively listed properties increased by 34.0%, while newly listedhomes increased by 11.6%
Chen Zhao, Redfin’s Economics Research Lead, predicts that the market will likely surpass $50 trillion within the next 12 months due to a lack of newlistings keeping prices elevated. have joined New York City, Los Angeles, Atlanta, and Boston in the trillion-dollar club. New Brunswick’s total homevalue surged 13.3%
Home prices are surging in major U.S. metros, with coastal California cities and Seattle leading the charge in monthly homevalue growth, according to Zillow’s newest market report. New Orleans, San Antonio, Tampa, Orlando and Jacksonville are among the locales that posted the slowest month-over-month price growth in March.
This spring, there are more opportunities for homebuyers than in previous years, according to a new Zillow study. With over a million homes for sale countrywide in February, the largest since before the epidemic, they have more options. However, sellers continue to hold the advantage in other areas. homevalue is $357,377.
During this week, Realtor.com found that buyers could save in excess of $14,000 compared to summer’s peak price on the median priced home and could see as much as 37% more inventory than at the start of the year. homevalue is presently $362,481, up 3.3% According to Zillow , the average U.S. over the past year.
If you’re an agent, team or brokerage looking to keep a pipeline of qualified listing leads coming your way, SmartZip may the solution you need. SmartZip uses predictive analytics to pinpoint likely sellers from 6 to 18 months in advance, offering a huge advantage in today’s low inventory market. Automated marketing: Yes.
“On the surface, it may seem the market has been stirred by a full point decline in interest rates and home prices coming off their peaks – but it’s not that simple,” Graboske said. December did see homevalues post their sixth consecutive monthly decline, and prices at the national level are now 5.3%
Many of those sellers will list if rates get back down to 5%.” The lock-in effect is fueling a shortage of homes for sale; newlistings were at the lowest level in a year last month.
Prospective homebuyers have a better shot at securing a dream home as sellers continue to lower listing prices, according to a recent analysis by Zillow. Despite persistently high mortgage rates, buyers are capitalizing on these price reductions to negotiate better deals.
In fact, Coronado said for some markets that have experience rapid home-price appreciation, a decline in homevalues may benefit the overall market. “At Many discouraged would-be homebuyers seem to be turning to rentals to avoid high mortgage rates and home prices.
Miami-Dade County In August of 2023, Miami-Dade single-family homes and condos/townhomes saw decreases in closed sales, pending sales and newlistings. Palm Beach County In August of 2023, Palm Beach single-family homes and condos/townhomes both saw a decrease in newlistings and pending sales.
Additional services to level up your direct mail efforts include automated home valuations, customized QR codes for tracking, and full direct mail campaigns that include brochures and branded real estate letters for newlistings, open houses, FSBO marketing and more. each; letters: $1.18 each; brochures: $2.25
Palm Beach County In May of 2023, Palm Beach single-family and condo/townhome closed sales, newlistings, and pending sales decreased. The average price increased for condos/townhomes and single-family homes. Instant Home Evaluation See immediately how this market is impacting your homevalue.
march 2023 south florida housing report March Highlights SOUTH FLORIDA Broward County In March of 2023, Broward County single-family and condo/townhome average price, closed sales, newlistings, and pending sales all decreased. Instant Home Evaluation See immediately how this market is impacting your homevalue.
april 2023 south florida housing report April Highlights SOUTH FLORIDA Broward County In April of 2023, Broward County single-family and condo/townhome closed sales, newlistings, and pending sales decreased, with a slight increase in average price for condo/townhomes. Data provided by SunStats then compared to the prior year.
october 2023 south florida housing report Broward County In October of 2023, Broward County single-family homes saw a decrease in closed sales, but increases in newlistings, pending sales, and average price. Condos/townhomes saw increases in average price and newlistings but decreases in pending and closed sales.
The market is showing signs of rebalancing as newlistings increase and overall sales slow down. This trend is more than just the seasonal slowdown and suggests a shift away from the intense seller’s market, offering buyers more choice and potentially reducing competition.
In February 2025, national home sales decreased 1.2% in Home sales According to Mortgage News Daily , March mortgage rates started in the high 6% range, around 6.7% Year-over-year trends show a decrease in newlistings and pending sales, possibly due to winter conditions or the leap year in 2024.
JULY 2023 south florida housing report July Highlights Mortgage rates and limited inventory continue to be the driving factors behind today’s real estate market data – specifically sticking out when looking at home sales and newlistings which are both down across all counties and categories in South Florida.
The market is showing signs of rebalancing as newlistings increase and overall sales begin to slow down. This trend is more than just the seasonal slowdown and suggests a shift away from the intense seller’s market, offering buyers more choice and potentially reducing competition.
The Texas housing market has been a focal point of attention for potential buyers and sellers alike, especially as we approach 2025. The shifting dynamics within this local real estate landscape raise critical questions about home prices, inventory levels, and overall market trends. Are There More Buyers or Sellers in the Market?
September 2023 south florida housing report Broward County In September of 2023, Broward County single-family homes saw decreases in newlistings and pending sales but increases in closed sales and average price. increase in newlistings compared to September 2022. What does this mean for Sellers ?
november 2023 south florida housing report Broward County In November of 2023, Broward County single-family homes as well as c ondos/townhomes saw decreases in closed sales and pending sales, but increases in average price and newlistings. An increase in active inventory as well as newlistings is great news for buyers!
The market is showing signs of rebalancing as newlistings increase and overall sales slow down. This trend is more than just the seasonal slowdown and suggests a shift away from the intense seller’s market, offering buyers more choice and potentially reducing competition.
Despite the national housing market trends having a slight decline in home sales, Maine still saw an increase when compared to August last year. Maine experienced an increase in sales across all categories, along with an increase in newlistings. Due to the Federal Reserve’s recent 0.5%
." In a recent fortune.com article written on February 17, 2022, Tristan Bove wrote, "The inventory of homes for sale is down 26% compared to last year, and forecasters see a rough year ahead." " Homevalues will keep rising this year as well. This is where almost all agents list their sellers' homes.
February 2023 south florida housing report February Highlights Single family homes sales are significantly down again in Broward, Miami-Dade and Palm Beach counties in February compared to this time last year. Sellers, the sooner you put your home on the market, the more it will sell for !
The Connecticut housing market in December showed impressive growth compared to 2023, with increases in home sales, average sale prices, and pending transactions. However, newlistings were down, resulting in lower inventory and increased competition among buyers. As 2025 begins, the housing market still faces low inventory.
The New Hampshire housing market in December demonstrated significant strength compared to 2023, with home sales, average sale prices, and pending transactions all on the rise. Despite this, newlistings have declined, leading to reduced inventory and heightened competition among buyers.
As a result, there is increased competition for available homes and average prices have continued to increase as well. In fact, Hartford, CT saw the largest year-over-year increase in home prices amongst the 50 largest U.S. cities per the Zillow HomeValue Index. What does this mean for Sellers ?
In fact, the number of homeslisted in the first half of the year is the lowest in recorded history, click here to learn more. Many potential sellers are hesitating to list their homes to avoid losing their 2-3% pandemic-era mortgage rate. downsizing, growing families, career changes, divorce , etc.).
While refinancing could potentially yield savings if rates drop substantially, it’s important to remember that rising homevalues might counteract these benefits. Many sellers are hesitating to put their homes on the market, therefore, the number of newlistings is down year over year.
It’s a new month, but it hasn’t gotten any easier for buyers out there. That’s great news if you are a seller though. . Homes are selling at such a feverish pace that active listings are plummeting across the board, further lowering our months of inventory available to buyers. San Antonio.
From late summer of 2022 to now, the Texas real estate market has experienced one of the most unpredictable corrections in recent history, leaving a lot of home-buyers and sellers scratching their heads and trying to make sense of what is going on. The big twist? A sharp increase in interest rates.
Be sure to work with an expert REALTOR® to make sure you are getting the most out of the home buying experience! What does this mean for Sellers ? If you are planning to list your home this winter, make sure you are adequately prepping your home given the time of year and, most importantly, pricing your home competitively.
Here are a few key takeaways so that you can get the gist (although you will get the most information and value from watching the full interview). #1: One way to generate quality leads is by “contacting your sphere and letting them know that you are taking newlistings,” says Sherri. 2: Call expired listings.
December 2023 south florida housing report Broward County In December of 2023, Broward County single-family homes saw no changes in the number of homes sold, increases in average price, and newlistings, but a decrease in pending sales. What does this mean for Sellers ? What’s happening in the market?
We organize all of the trending information in your field so you don't have to. Join 9,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content