Market Value New Listings Sellers 
Housing Wire
APRIL 19, 2024
Redfin defined luxury homes as those estimated to be in the top 5% of their metro area based on market value, while non-luxury homes are those with estimated values in the 35th to 65th percentile. High-end buyers tend to be more immune to mortgage rate fluctuations and flock to the luxury housing market. year over year.
Appraisal Buzz
AUGUST 8, 2024
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 new listings keeping prices elevated. New Jersey leads in value gains New Jersey metros close to New York City saw the largest jumps in property value over the last year.
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Appraisal Buzz
JUNE 10, 2024
of US home sellers reduced their asking price on average, representing the largest percentage since November 2022. And the average active listing has been on the market for 46 days, up 2.3% year-over-year—the largest increase in nine months—indicating that property listings are becoming stale faster than they were a year ago.
Cleveland Appraisal Blog
JANUARY 5, 2023
Interestingly, the number of active listings has dropped every year since at least 2013. But it appears that we have hit the bottom when it comes to active listings. We can expect more listings in the future. Sellers are starting to realize that we are no longer in the same market as we were in 2020-2022.
Housing Wire
NOVEMBER 5, 2023
In an ever-changing real estate market, agents are looking for the best way to generate leads. In light of the recent NAR lawsuit outcome , seller leads are even more crucial. Companies like SmartZip can quickly and easily generate a list of potential home sellers based on data, not just a zip code.
Lamacchia Realty
JULY 22, 2022
Homes Listed for Sale. There were 49,839 new active listings in the first half of 2022 compared to 53,823 last year , a 7.4% If one needs to move, they need to move and thus the rate hike will start to seem normal, and the market will still live on. People will list if they need to make a move. Price Reductions.
Lamacchia Realty
OCTOBER 17, 2024
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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