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Luxury Home Prices Reach All-Time High

Appraisal Buzz

Redfin defines “luxury homes” as those estimated to be in the top 5% of their respective metro area based on market value, and non-luxury homes as those estimated to be in the 35th-65th percentile based on market value. Luxury home inventory grows Inventory in the luxury home space rose 9.7%

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Near-Record Housing Costs Pushing Homebuyers Away

Appraisal Buzz

New listings were 98,467, representing a 6.9% Active listings were 923,747, representing a 15.8% Inventory is also losing momentum, which contributes to the decline in sales. I’ve seen buyers get a home under asking price when it has been on the market for a few weeks. YoY change. Pending house sales decreased 3.8%

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The Cleveland Area Housing Market Was Skating Along… And Then This Happened

Cleveland Appraisal Blog

While we still have a significant shortage of housing inventory in Cuyahoga County, we had more active listings last month than we had in December 2020 and 2021. The chart below reflects the total active single-family listings in Cuyahoga County. Something else to watch is housing inventory.

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Success with Millennial Real Estate Clients: Q&A with Dara Alperen Cipollone

McKissock

Some want me to summarize the market data and give concise guidance on market values. Q: What obstacles are Millennials facing in the Boston real estate market? A: The obstacles Millennial real estate buyers face for owning a home in the Boston market come down to low inventory.

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Price Adjustments and the 2024 Market

Lamacchia Realty

PRICE ADJUSTMENTS AND THE 2024 MARKET In 2023, it was clear that the market was continuing to adjust from the frenzied post-pandemic scene in the early 2020s. Inventory of homes listed reached a record low by July of 2023 , and mortgage rates increased dramatically, diminishing buyer affordability.

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2022 Massachusetts Mid-Year Report

Lamacchia Realty

As soon as the market gassed up after the COVID shutdowns in March 2020, diminishing inventory and artificially low rates boosted prices to historic levels. As the market has cooled over the past few months with the increase in mortgage rates, they still haven’t started to fall. Homes Listed for Sale. to $648,998.

Sellers 74
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What is a Complex Residential Property?

Appraisal Today

Many areas around the country are still quite competitive, but there is no mistaking the market is different this year with more supply in just about every location. MORE INVENTORY IS CHANGING THE VIBE: We are no longer at pandemic lows. We are seeing more new listings across the country, and it’s something we’re also seeing locally.