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Residential real estate activity picks up despite low inventory

Housing Wire

Demand from the buyer side has remained steady or increased, however, and new home builders have responded to inventory shortages by increasing speculative inventory production, according to the Federal Reserve Beige Book, released Wednesday. Inventory remains exceptionally low and is restraining sales activity in much of the District.

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How Smart Investors Decipher & Respond to Real Estate Market Cycles

The Close

In any given moment, we can look to certain indicators to suggest what market stage an area may be in: Active housing inventory. Preforeclosure and bank-owned properties, or REO. This is because the market is still experiencing a feeding frenzy from buyers and investors looking to cash in on the appreciation from the previous cycle.

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Seller’s Market 101: Is Your Real Estate Market Hot or Not?

HomeLight

For example, in Lexington, Kentucky, zoning regulations prevent new building starts with an established boundary line that limits new construction. More than half of those surveyed by Chase bank in 2019 plan to stay in their home, choosing to renovate rather than pack up. And some markets sell even faster.

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Richmond VA Real Estate Market & Investment Overview

Marco Santarelli

New Listings are up by 10%. Days on Market Until Sale are 18, down 43.8%. Days on Market Until Sale are 18, down 14.3%. This led to many law firms and banks having their headquarters here. This has led to a spate of new construction for active adult communities. Pending Sales are up by 35.4%.

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Seller’s vs. Buyer’s Market: A Seller’s Guide to Decoding Market Conditions

HomeLight

The number of days on market (DOM), which marks how long a home is on the market before the seller accepts an offer, typically drops. In a balanced market, marketing time typically lasts around six weeks , according to The National Association of Realtors® (NAR). Factors that lead to a seller’s market.

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Small Signs of Change: Is There a Light at the End of the Seller’s Market Tunnel?

HomeLight

On today’s show, we’ll talk with three agents about what’s happening on the streets right now, what’s happening in new construction, buyer and seller activity, and much more. And HomeLight’s managing editor is here to help make sense of the new data. All of that is straight ahead.

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Chicago Real Estate Market 2020 Overview

Marco Santarelli

On average, homes in the Chicago area sell after 63 days on the market. The trend for median days on market in Chicago has gone up since last month, and slightly down since last year. The Chicago metro area housing market is slowly improving as more homes went into the contract in July as compared to June.

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