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Its a symptom of a market thats transitioning away from sellers. A substantial drop in newlistings is a contributing factor. 1, weekly newlistings were at 410 but have since dropped to 186, although newlistings tend to drop in December as the holidays approach.
“Mortgage interest rates above 6% continued to impact potential homebuyers’ purchase power, while also contributing to a lock-in effect among would-be home sellers who bought their homes years ago with a mortgage rate of 3% to 4.5%,” the association explained in an announcement. “Newlistings of single-family homes were up 16.7%
“Looking at markets by hotness tells us the strength of demand versus supply in each area relative to others and which markets heavily favor sellers.” Our newlistings have gone up slightly but not enough to keep up with demand. ” The report found that affordability remains a major driver of demand.
At the time of issuing its second CID, the DOJ stated that it believed that the policy restricts home-seller choices and precludes competition from newlisting services. Miller believes that agents who push sellers to use private listing networks are not doing their fiduciary duty.
Altos considers any score above 30 to be a seller’s market. 70 towns, 90 newlistings Local agents say the county’s tight inventory situation is largely to blame. “We I was able to bring my clients to multiple listings for their consideration, but now I can only show them one or two in a given week.
In the nearby metro area of Cape Coral-Fort Myers , active single-family inventory over the previous 90 days averaged 6,500 listings as of March 15, above its March 2020 level of 5,044 listings and approaching its March 2019 level of 7,243 listings. Smith attributes the uptick in inventory to a bump in newlistings.
As new contract signings are outpacing newlistings due to low inventory, properties sold typically within 26 days in the four weeks leading up to August 2, NAR said. Since homebuying season was pushed back from this spring, realtor.com ’s Housing Market Recovery Index reported that August is the new May.
“I called the listing agent and it was listed three hours ago, but it was sold,” the Cincinnati, Ohio -based eXp Realty agent said. “We There is no way you can stay on top of things unless you hire someone to watch newlistings pop up every 10 minutes. We couldn’t even see it. It is not going to slow down.
If you price the house right, you are still seeing a lot of interest and offers,” said Danny Yoon, an Edgewater, New Jersey-based agent for Sotheby’s International Realty. “I It has definitely downshifted, but in most cases, I am still seeing listing agents putting out deadlines for best and final offers.”
There’s a lot of homeschooling going on in this hybrid world, and it’s difficult,” Realtor Vesna Kanacki with Century 21 Full Service Realty in New City, New York, told HousingWire. There were nine new pending contracts for every 10 newlistings, a slower rate than the 9.9
“The trend of buyers has been significantly different the last four to five weeks,” said Charissa Kennard , an agent for Berkshire Hathaway HomeServices Verani Realty. Despite the slowdown, Andy Smith, the broker-owner of Badger Peabody & Smith Realty , said the market is actually still quite strong.
Thanks to Lisa Chinatti, the broker-owner at Chinatti Realty Group , he was not completely caught off guard. She talks with a lot of people, and she announced to our company that this was coming and went through what exactly we should expect,” said Posnick, the sales manager at Chinatti Realty Group. Lisa is super on the pulse.
Realtors in the area say that buyers who were trying to wait out the high rate environment are choosing to accept that current rates are simply the new normal. That’s led to a rise in newlistings in Indianapolis as more homeowners are putting their houses on the market. But rate cuts are looming. I’m optimistic,” Caruso said.
We were up year over year in inventory , but we were at a 25 year low on newlistings.” Both buyers and sellers are coming back to the market,” Fischer said. Very few new construction homes are going up in our area,” Diamond said. Data from Altos Research backs up Fischer’s observations.
Listing and marketing properties is a complicated process. For every newlisting, you’ll be reminded when to tackle important milestones. The median dollar value spent using a staging service was $600, compared to $400 when the sellers’ agent personally staged the home.
Buyers and sellers should prepare for increased activity, with early movers gaining the most advantage. This summary outlines key insights on how the market is shaping up, what sellers can expect, and how buyers can strategize to navigate the competition. Sellers who list early will benefit the most due to lower competition.
The past year and a half, with its rising mortgage rates , low inventory, and economic uncertainty, has been a challenge for real estate pros, not to mention the buyers and sellers they serve. Make sure you’re ready to share newlistings and that potential clients can easily contact you through your platforms.
When I started, my number one goal was to build a brand and Instagram was honestly the number one choice for me,” Vancouver, Canada-based Oakwyn Realty agent Kim Lee said. “I I started three years ago when I started in real estate and my goal was to build a brand to help connect with new clients and to make sure past clients remember me.
Market adversity is showing up clearly: inventory of both single families and condos is rising due to an uptick in listings, while pending and closed sales are dropping. As shown in the chart below, February 2025 saw the highest percentage of active listings with price adjustments than in the past six years.
The Lamacchia Realty South Florida Housing Report presents overall home sale statistics and highlights the average sale prices for single families, condominiums/townhomes in Broward County, Miami-Dade County, and Palm Beach County for November 2022 compared to November 2021. Seller Resources. Miami-Dade County. Additional Resources.
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.
The Lamacchia Realty South Florida Housing Report presents overall home sale statistics and highlights the average sale prices for single families, condominiums/townhomes in Broward County, Miami-Dade County, and Palm Beach County for December 2022 compared to December 2021.
Palm Beach County In May of 2023, Palm Beach single-family and condo/townhome closed sales, newlistings, and pending sales decreased. Miami-Dade County In May of 2023, Miami-Dade single-family and condo/townhome saw decreases in all categories. The average price increased for condos/townhomes and single-family homes.
The Lamacchia Realty South Florida Housing Report presents overall home sale statistics and highlights the average sale prices for single families, condominiums/townhomes in Broward County, Miami-Dade County, and Palm Beach County for March 2022 compared to March 2021. Seller Resources. Broward County. South Florida Inventory.
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 home value.
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
The Lamacchia Realty South Florida Housing Report presents overall home sale statistics and highlights the average sale prices for single families, condominiums/townhomes in Broward County, Miami-Dade County, and Palm Beach County for February 2022 compared to February 2021. Seller Resources. Miami-Dade & Palm Beach Counties.
The Lamacchia Realty South Florida Housing Report presents overall home sale statistics and highlights the average sale prices for single families, condominiums/townhomes in Broward County, Miami-Dade County, and Palm Beach County for August 2021 compared to August 2020. Seller Resources. Miami-Dade & Palm Beach Counties.
The Lamacchia Realty South Florida Housing Report presents overall home sale statistics and highlights the average sale prices for single families, condominiums/townhomes in Broward County, Miami-Dade County, and Palm Beach County for July 2022 compared to July 2021. Seller Resources. Average price increased in both property types.
The Lamacchia Realty South Florida Housing Report presents overall home sale statistics and highlights the average sale prices for single families, condominiums/townhomes in Broward County, Miami-Dade County, and Palm Beach County for January 2023 compared to January 2022.
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 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.
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.
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 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.
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 ?
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.
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!
Maine experienced an increase in sales across all categories, along with an increase in newlistings. Sellers , with the trends of mortgage rates and new inventory on the decline, now is a great time to list. Pending sales are down considerably in August, which will lead to lower sales in the next couple of months.
The Lamacchia Realty South Florida Housing Report presents overall home sale statistics and highlights the average sale prices for single families, condominiums/townhomes in Broward County, Miami-Dade County, and Palm Beach County for July 2021 compared to July 2020. Seller Resources. To be sure you never miss an update. Read More ».
The Lamacchia Realty South Florida Housing Report presents overall home sale statistics and highlights the average sale prices for single families, condominiums/townhomes in Broward County, Miami-Dade County, and Palm Beach County for September 2021 compared to September 2020. Seller Resources. What's Ahead? Read More ». April 8, 2021.
The Lamacchia Realty South Florida Housing Report presents overall home sale statistics and highlights the average sale prices for single families, condominiums/townhomes in Broward County, Miami-Dade County, and Palm Beach County for December 2021 compared to December 2020. Seller Resources. Broward County. What's Ahead? Read More ».
Newlistings and pending sales are also down year over year as many sellers are hesitating to put their homes on the market, so less homes are being placed under contract and inevitably less homes are closing. Sellers, the sooner you put your home on the market, the more it will sell for !
However, newlistings were down, resulting in lower inventory and increased competition among buyers. After record-low inventory in 2023 and hesitant sellers in 2024, inventory is slightly higher this year, but competition remains fierce. As 2025 begins, the housing market still faces low inventory.
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