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
Mortgage spreads refer to the difference between the 10-year yield and the 30-year mortgage rate. The last two years were the two lowest newlistings data years in history. Today, I want to explain why this topic is essential as we look ahead to the rest of 2025. Weekly inventory change (Jan.
Address them by name, and refer to their real estate goals in your communication. It can also help to refer to where and how you met. If the client is looking at a specific neighborhood, follow up with them whenever you get a newlisting in that area. You want to build an authentic, personal bond with the client.
The recent move lower in rates is a good thing for housing “The American public just isn’t into the Fed’s housing policy,” he said on CNBC, in reference to homeowners who are not listing their property on the market. However, he noticed another notable decline in listing since mortgage rates really peaked above the 7% range.
” Newlistings of homes for sale were down 12% from the same period in 2019, and active listings — the number of homes listed for sale at any point during the period — fell 49% from the same period in 2019. 2019 is being used as a reference point since 2020 data is skewed by the pandemic.).
Script 8: Newlisting on the market Hi [Name], I just found a listing that fits your criteria perfectly! Personalize the message whenever possible: Use the recipient’s name and reference specific details (like where you met them or what property they contacted you about). Want to schedule a time to see it?
Newlistings of homes for sale were down 12% from the same period in 2019, and active listings — the number of homes listed for sale at any point during the period — fell 49% from the same period in 2019. 2019 is being used as a reference point since 2020 data is skewed by the pandemic.).
17-24), Inventory fell from 437,282 to 430,395 The recent inventory bottom was in 2022 at 240,194 The inventory peak for 2023 was 569,898 For context, active listings for this week in 2015 were 958,304 Newlistings data Newlistings data is growing year over year and increasing week to week, but I wish we were seeing more significant growth.
Just Listed postcards Just listed postcard from Wise Pelican Just Listed postcard with QR code from Agents Assemble on Etsy Luxury Just Listed postcard from Wise Pelican Just Listed postcard from Corefact Just Listed postcards are designed to create excitement and interest around a property that has recently been listed for sale.
While they previously accounted for only 2% to 4% of listings, that share surged to nearly 8% of newlistings by February 2025. Office exclusives, also known as private or pocket listings , refer to residential properties that are marketed privately rather than being broadly shared through the Multiple Listing Service (MLS).
The industry, he says, refers to this principle as “ the housing theory of everything.“ housing policies have made it more difficult to build new homes in certain areas due to overly restrictive zoning. Furth urges the audience to study housing from a newlistings perspective instead of a market price perspective.
Weekly inventory fell by 6201 , and newlisting data is down noticeably from last year, which was different than last week. The 10-year yield, already at a key critical level, couldn’t break higher but reversed and went lower Friday after the jobs report and the news around Silicon Valley Bank. million in 2023.
Make sure you’re ready to share newlistings and that potential clients can easily contact you through your platforms. Satisfied clients are more likely to refer you to their friends, family, and colleagues, helping you expand your client base organically.
Newlisting data collapsed, but we are putting an asterisk on that data line for this week. Now the bad news: newlisting data fell so much this week that I am putting an asterisk on this week’s data until we see if this is a trend or just a one-off in the weekly data that can occur from time to time.
Researchers used Harvey, Irma and Ida as references for prior hurricanes and their impacts on the RMBS market. In Tampa, data from Altos Research shows that newlistings and pending home sales have fallen off a cliff since Milton’s formation. “We
In this article, we’ll share ideas and tips, including the best way to present newlistings and how to engage your followers with valuable educational content. Be sure to label on the photo or video that your post is a newlisting, as people may miss the caption while scrolling.
So we can’t reference this period of time with rates falling as we did the previous expansion due to the massive increase in home prices and the bigger mortgage rate move. We see some of this in the active listing data as newlistings are declining. In 2018, sales trends fell from 5.72
I included condos here so you can see the total sales pace I’m referring to. With 80,000 to 90,000 new contracts starting each week, that translates right into 4.2 The median price of the newlistings is $400,000 this week. The price of the newlistings is basically unchanged from 2022. million for the year.
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 ppts Average sale-to-final-list-price ratio 99.3% -0.4 Newlistings, seasonally adjusted 526,740 1.6%
Your sphere will always be your best source of business if you teach them how to refer you AND keep in touch with them. It may feel a little uncomfortable initially, but asking directly if they will refer you achieves buy-in from whoever you’re talking to. There are three key objectives in this script. Include a direct ask.
Once a lead is input into its CRM, Zurple sparks conversations via text or email with your leads from all sources, and alerts them to newlistings in their area of interest. That’s good news for real estate agents and brokers looking to attract leads.
Learn more Create listing alerts for buyers The most effective real estate marketing ideas today are all about smart, automated lead nurturing. Listing alerts and drip campaigns are game changers and can help you give prospective buyers exactly what they want. Canva is perfect for everything from newlistings to brand promotion.
Real estate prospecting refers to a series of strategic activities done by real estate agents or brokers to identify and attract potential clients who are interested in buying, selling, or leasing properties. It is also possible to purchase lists , although this method feels a little spammy to me.
Lead Gen As a new agent, make it a priority to pick a brokerage that is committed to helping you with marketing and exposure. When considering a brokerage, find out if it is going to promote your open houses and newlistings. You’ll want to ask how the brokerage promotes agents’ listings too.
This area could be around a newlisting, a recently sold property, or any other geographic location, such as an up-and-coming neighborhood, the area in which they live, or even an area selected based on price point. Could I leave you with my contact information for future reference?” It’s my goal to provide exceptional service.
When you ask the housing crash addicts why their home-price forecasts don’t work, they usually say we should adjust home prices to inflation, gold prices, or some other silly historical reference that doesn’t apply to modern-day economics. In 2010, when the newlistings data was exploding, over 23% of homes in America were underwater.
The category “supernova” refers to the speed at which this growth occurs. As supply chain issues cause construction material prices to soar, buyers are more likely to consider purchasing a resale home vs. a new construction home. 4,840 new apartments were constructed in Raleigh throughout 2021.
Realtor.com reported that our broader market (including Bellevue and Tacoma) experienced the sharpest rise in newlistings compared with last year, up 42%. The 14% monthly rise in King County newlistings included a shocking 52% surge in Seattle (1430 units). The number of Active listings is another eye-opener.
The number of newlistings has decreased but so has the number of pending sales, which means that inventory is lingering longer than it has been which is a positive sign for buyers. Sellers for the first time in a while may not get to name their price in this fall market, as competition for homes is decreasing. over September 2019.
Both inventory levels and newlistings increased significantly in recent months, leading to an 18 percent increase in sales and a 1.6 Both inventory levels and newlistings increased significantly in recent months, leading to an 18 percent increase in sales and a 1.6 percent increase in the median sold price.
With listings down, we are likely to see pending sales down as newlistings indicate future accepted offers. Inventory is what is left after pending sales consume what’s listed; it’s the supply that remains after demand takes what it wants. Pending Sales: Pending home sales in South Florida decreased by 18.8%
Homes Listed – All of NH. Newlistings in 2021 followed a less treacherous trendline in 2021 than 2020 but still couldn’t quite keep up with pre-pandemic markets. decrease in the state of New Hampshire brought listings to 27,131 from 28,127 the previous year. Cheshire moved 15.8% from $273,641 to $316,801.
The present bill also refers to requirements for data collectors established by the Appraiser Qualifications Board, which do not exist. Other sources of housing data are showing increases in newlistings, which is a real positive for the spring buying season given the lack of for-sale inventory.”
We are seeing more newlistings across the country, and it’s something we’re also seeing locally. Listings have increased much more in portions of Texas and Florida especially, so it’s important to recognize the trend isn’t the same in everywhere. ” (Leviticus 27:14-15, New King James Version of the Bible).
This is also a great way to get new leads. So no matter where you are or who you meet, make sure to talk about that open house you had or the newlisting you recently got. It may also lead to an opportunity to gain a new client. #6 It’s natural to talk about what you do for a living. If you have a name badge, wear it!
Agency in real estate refers to who an agent represents in a transaction. When your newlisting comes on the market, you show it to your buyer and it is a good fit. Some agents actively look for the buyer after they get the listing. By Karen D. Friedman | 03.08.21. You are now representing the buyer as well.
Practice pricing property This is a key skill to practice regularly, not just when you have a newlisting opportunity. Follow up immediately with all leads you generate or who are referred to you. Your list doesn’t need to be gigantic but it should be curated and communicated with regularly. Lather, rinse, repeat!
Your database of past clients and sphere of influence Statistically, when you have regular and real conversations with your list, 10% will either do business with you or refer business to you every year. Don’t get mad when another agent lists your past client if you’re not making the effort. When have you asked?
Investors would look for ‘For Sale’ signs around town or rely on a network of local associates to refer properties their way. Choose an app that lets you search based on these criteria—and then save that search so it automatically populates with newlistings. Over time, things became more streamlined.
Now you may think I am referring only to homeowners, as in did they miss the peak of the market to sell their home at top dollar. Newlistings are up 6.3% Condo sales are in a similar boat, with newlistings higher – by 4.3% Here’s how topsy-turvy our housing market has been this past year-plus. 1 vs. Sept.
A property lease-up refers to the time between the announced launch of a new apartment and 6-12 months after opening.) While the number of newlistings in June jumped 8.2% in newlistings and 57% in active listings at the start of this month (3256), up 124% from a year ago.
With record-low inventory nationwide, real estate agents seem to be hearing the same thing day in and day out: “I’d list my home, but where would I move?” For most agents, that’s the end of the conversation, ending the possibility of taking a newlisting as well as facilitating the buyer side. You have to ask!
Or, are sellers in the subject neighborhood typically settling at about 95% of the list price? If you’re showing your newlisting versus its competition, do you look priced right , overpriced or priced so well you’d be dying to write an offer and snap it up? How would it compare in the eyes of the buyer?
Portland was right behind us, with New York City at No. The so-called ‘death of the city’ has been overstated … despite impacts from the pandemic,” said Christopher Leinberger, managing director at Places Platform, referring to the report. fewer newlistings, the number of sales rose 1.7% While there were 5.8%
I refer to these challenges as the 5 L’s. The county saw the combined number of single-family, townhome and condo listings increase in June by 4.4% While that percentage may appear strong, it’s nothing compared to the April-to-May rise of 18%, signaling a probable cooling of newlistings going forward.
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