Housing Wire

MAY 18, 2023

Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. However, we aren’t close to breaking that level on jobless claims.

Marketing 539

Marketing Sales Mortgages Days on market 539

Housing Wire

NOVEMBER 22, 2021

This means with only two more reports left so far in 2021 every single existing home sales print has been higher than the total closing level of 5.64 Not because of a credit housing bubble boom but because days on market are still too low, creating a bidding war frenzy that doesn’t do anyone any good. million in 2020.

Sales 539

Sales Days on market Investor Mortgages 539

BubbleInfo

FEBRUARY 1, 2023

This is from NYC but it still applies – and validates how buyers everywhere are watching the Days-On-Market very closely, and expecting discounts the longer a listing sits unsold. percent per 30 days on the market until around six months on the market. […]

Days on market 97

Days on market Marketing Closing 97

HomeLight

APRIL 18, 2022

The amount of time a home spends on a market (a statistic known as “days on market”) depends on a variety of factors like location, market trends, how your listing is marketed, and pricing. For instance, in Lafayette, LA the median days on market spent is 72 days, while in Atlanta, GA that number is 33 days.

Days on market 122

Days on market Marketing Inspection Staging 122

Housing Wire

JANUARY 12, 2022

This level, while historically still low, will mean the days on market will go higher, and this will give people choices. Here are two charts from the National Association of Realtors that will show that homes simply come off the market too fast to give housing a breather. However, sales shot right back up higher, quickly.

Days on market 538

Days on market Loans Mortgages Sales 538

Housing Wire

JULY 3, 2024

Days on market One of the problems with having so many foreclosures and a lack of demand back in 2011 is that it took over 100 days to close a transaction — this is a sign of an unhealthy housing market. Traditionally, I’d like to see the days on the market be between 30-45 days year-round.

Marketing 385

Marketing Equity Days on market Sales 385

Housing Wire

JUNE 8, 2022

Verification solutions provider Xactus wants to court more lenders through its active listing data in a tight housing market. Xactus Wednesday announced its new active listing scan program, which will scan residential addresses for changes in listing status and the average number of days on market for a neighborhood.

Short sale 370

Short sale MLS Banks Loans 370

Housing Wire

MAY 14, 2024

As of May 13, the median days on market for single-family properties in Santa Monica with a median price of $1.85 million (the lowest market segment) and a median price of $2.622 million was 35 days and 17 days, respectively.

Backup offer 448

Backup offer Days on market Inspection Marketing 448

Housing Wire

JANUARY 22, 2021

This also closed the books on 2020’s housing market as we finished out the year at 5,640,000 total existing-home sales — a 5.6% Compared to the previous year, days on market fell dramatically from 41 days to 21 days. increase from the same month in 2019. Mortgage demand picked up in 2020.

Marketing 545

Marketing Sales Days on market Mortgages 545

Housing Wire

JANUARY 19, 2023

Boston – Home sales posted further substantial declines in November, and closed sales were down by 20 to 30% on a yearly basis. Richmond – There was reduced market activity this period, partially due to the usual seasonality, with a decline in the number of listings, decreased buyer traffic, and increased days on market.

Marketing 448

Marketing Residential Construction Sales 448

Keeping Current Matters

SEPTEMBER 2, 2021

Today, the average mortgage rate stands at 2.87%, which is very close to the historic low. Days It Takes To Sell a Home. The days-on-market metric gives an indication of how hot a market is and how quickly homes are selling. In 2019, prior to the pandemic, the average days on market stood at 35, according to NAR.

Marketing 318

Marketing Days on market Residential Mortgages 318

Housing Wire

AUGUST 2, 2022

Average monthly SFR listings for the first half of 2022 came in at 43,891, up nearly 58% year over year, while closed monthly listings over the period averaged 5,788, up nearly 11%. metro areas with the highest median monthly rents as of the close of the first half of 2022, according to the HouseCanary report.

Marketing 397

Marketing Days on market Investor Closing 397

Housing Wire

MARCH 22, 2024

“Last year we were still adjusting from the effects of the pandemic market, but now the trends seem to be getting back to our baseline, which is more like our 2019 market,” Smith said. Days on market is also trending back to what is more normal for our market as well.”

Marketing 448

Marketing Seller concession Due diligence Days on market 448

Housing Wire

JUNE 6, 2023

For-sale inventory remains constrained due to fewer people putting their homes on the market, but buyer traffic has been steady while the days on market has increased slightly in the last month. Builders have been offering strong incentives to close deals.

Residential 459

Residential Construction Finance Sales 459

Housing Wire

MARCH 31, 2021

A healthy housing market is considered roughly six months of supply. “The demand for a home purchase is widespread, multiple offers are prevalent, and days-on-market are swift but contracts are not clicking due to record-low inventory,” Lawrence Yun, NAR’s chief economist, said in a statement.

Sales 511

Sales Days on market Marketing Mortgages 511

Housing Wire

JANUARY 23, 2024

For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions. While I hate to be the bearer of bad news, that era is almost most definitely drawing to a close.

Agents 476

Agents Equity New Construction Days on market 476

Housing Wire

JUNE 28, 2024

“There isn’t a whole lot of time during the year where it is super slow because we have a lot of vacation buyers, but pre-COVID, between Columbus Day and Thanksgiving, when the mountains were just starting to open, was typically slow. In Grafton County, the seven-day average has jumped from 21 days in early May to 35 days in late June.

Marketing 397

Marketing Days on market Agents Inspection 397

Housing Wire

FEBRUARY 27, 2023

So, now we will have to track the sales data more closely to see whether some buyers didn’t end up pulling the trigger and if they come back later in the year if rates fall back to 6%. In a typical marketplace, the days on market are more than 30 days. However, there is one bit of good news here.

Marketing 476

Marketing Mortgages Days on market Sales 476

Keeping Current Matters

MAY 10, 2021

NAR reports the average number of bids received on the most recently closed sales is 4.8 This gives a seller the opportunity to choose the best buyer for their needs and be selective about things like time to close, contingencies, renovations, and more. Days on the Market. Bottom Line.

Renovation 341

Renovation Days on market Sales Closing 341

Housing Wire

OCTOBER 10, 2023

Sellers would be able to carefully review comparable properties on the market as well as those that have successfully closed. Choose properties that have sold in the past six months or in a period of rapid market movement, in the past three months. What data sources should I use in a comparative market analysis?

Marketing 435

Marketing Agents Closing Renovation 435

Housing Wire

JANUARY 12, 2023

“Although demand has softened compared to last year, pushing home price growth into single-digit territory for the first time in 12 months, moderation in home price growth may encourage more buyers to return to the market in the months ahead. Midwestern metro areas posted the largest annual listing price gains of the 50 largest U.S.

Mortgages 534

Mortgages Marketing Days on market Closing 534

Housing Wire

APRIL 15, 2022

The goal of higher rates, in my view, is to cool down price growth and get more days on the market. We are still seeing numbers in the teens for days on market, which isn’t good. We would like to get this back to 30 days, but anything in the 20s is a victory. Some data to consider: 1. million in January this year.

Mortgages 511

Mortgages Marketing Sales Days on market 511

Housing Wire

DECEMBER 1, 2022

Following dampened activity from buyers, sellers provided increased concessions, such as temporary rate buydowns or paying closing costs to complete sales, the report noted. Days on market and inventory levels have increased but were still below normal levels. Pending home sales have decreased and inventory is up.

Marketing 370

Marketing Residential Construction Sales 370

Housing Wire

JANUARY 26, 2022

That cooling process is to allow days on market to grow and create a balance for the existing home sales market. Higher bond yields and higher mortgage rates really impact the new home sales market more than the existing home sales market.

Sales 476

Sales Construction As-is Mortgages 476

Housing Wire

JULY 10, 2024

In addition to more days on market for homes at higher price points, Campos said he has also seen some price reductions on listings at the higher end of the market. But most of the bids in a multiple offer are just flat offers with a 30-day possession window after closing.” And that is pretty significant.”

FHA loan 432

FHA loan Inspection Agents Marketing 432

Housing Wire

AUGUST 30, 2022

From Realtor.com : Even with demand weakness in recent months, days on market are still low. Because total inventory data is still low historically, the days on the market are not growing, year over year, per the last two existing home sales reports. From Redfin. It hasn’t worked since 2012 for a reason.

Bankruptcy 397

Bankruptcy Days on market Sales Short sale 397

Housing Wire

JULY 25, 2022

The worst price declines [are projected to] be close to double digits — [near] 10% peak to trough — [in places like a] Phoenix, or Tampa. However, contacts reported there was a shift in market activity to slightly lower sales volumes and a reduction in buyer traffic, which they attributed to higher mortgage rates.

Marketing 418

Marketing Residential Construction Mortgages 418

Housing Wire

DECEMBER 22, 2021

million , so every single existing home sales print in 2021 has been higher than what we closed in 2020 — which was higher than any single year from 2008 to 2019. Home prices and days on market. Early in the year , I wrote that if existing home sales stay in a range between 5.84 million and 6.2 We ended 2020 with 5.64

Sales 516

Sales Investor Mortgages As-is 516

Housing Wire

MARCH 6, 2024

But real estate agents noted that higher interest rates have severely limited new listings over the past year and were responsible for the significantly lower level of closings. Days on market increased slightly but remained below historic averages. Sales prices have flattened, but there were still multiple offers on many homes.

Mortgages 448

Mortgages Residential Construction Lending 448

Housing Wire

JULY 10, 2024

In this article, I’ll share close to two decades of experience as a licensed agent and small brokerage owner in Boston to help you compete and win listings with a dynamite listing presentation. Market Inventory: What is the current market and micro-market inventory?

Staging 435

Staging Agents Renovation Marketing 435

HomeLight

OCTOBER 11, 2024

Finding cheap houses: Homes currently for sale When looking for a bargain in the current market, it’s important to know what kinds of properties are typically priced lower. This requires looking at MLS listings more closely and checking a few government records.

MLS 111

MLS Sales Inspection Agents 111

Housing Wire

OCTOBER 24, 2022

While there was still solid demand for good properties up until August, we saw some markets struggling as early as May. In particular, markets that overheated during the COVID-19 pandemic are seeing a big correction now. Days on market has risen from 20 days to 60 days over the past year.

Marketing 345

Marketing Mortgages Equity Days on market 345

Housing Wire

JANUARY 23, 2023

As days on market grow, more houses will naturally stay on the market longer, which can increase total inventory levels, similar to what we saw last year. As you can see below, we are nowhere close to that, but the bond market should get ahead of the Fed before the turn.

Marketing 516

Marketing Mortgages Sales As-is 516

Housing Wire

AUGUST 14, 2023

About 85% to 90% of our business is military clients and a lot of them choose this area because they want to stay close to the Air Force base,” Brittney LaHayne, an agent for the local Better Homes and Gardens Real Estate, said. But at the $300,000 and under price points, homes are still flying. I mean like 24 to 48 hours and they are gone.”

Marketing 369

Marketing New Construction Inspection Agents 369

Housing Wire

SEPTEMBER 14, 2022

Boston — Higher interest rates cooled home-buying demand, leading to fewer closed sales in the First District’s residential real estate markets. Closed sales fell sharply over the year in all reporting markets in a notable weakening from the previous report. Residential real estate activity fell.

Industrial 370

Industrial Residential Construction Mortgages 370

HomeLight

OCTOBER 28, 2024

You can check real estate websites or consult with a local agent to get an idea of average days on market and recent sale prices. The software will automatically load listings marked as “Closed” and indicate the selling price. If the offer works for your situation, you can close in as little as 10 days.

Pre-approval 110

Pre-approval Debt-to-income ratio Equity Loans 110

Housing Wire

MARCH 2, 2023

Housing inventory has been falling nationally since late October, after hitting a two year high of a 7-day average of 577,172 homes on the market according to Altos. As of February 24, 2023, the 7-day average for inventory was 429,757 and close observers don’t expect this to change much in the upcoming weeks.

Agents 418

Agents Fixed-rate mortgage Marketing Mortgages 418