Housing Wire

FEBRUARY 23, 2024

Another positive data line is that the days on market are above 30 days, which is something I would love to see year-round. The days on market are very seasonal, but we haven’t had the days on market stay over 30 days year-round since 2020, which is a reflection of active listings still being near all-time lows.

Sales 493

Sales Days on market Mortgages Investor 493

Housing Wire

OCTOBER 4, 2021

Since the summer of 2020, I have argued that if mortgage rates could get over 3.75% , days on market would rise and the rate of price growth would cool. We need the days on market to grow out of the teenager stage. Start an HW+ Membership now for less than $1 a day. This content is exclusively for HW+ members.

Mortgages 529

Mortgages Days on market Staging Marketing 529

Housing Wire

JUNE 20, 2024

Looking at Altos Research data on home prices, inventory and days on market over the past five years, Austin’s meteoric rise during the pandemic era — and its abrupt cooldown after mortgage rates started to rise in May 2022 — are evident. Contrast that with June 2022, when the average was a mere 29 days. increase.

Days on market 486

Days on market Mortgages Land Marketing 486

Housing Wire

JANUARY 20, 2023

However, in 2020 new listing data came back, and we don’t want to see the new listings continue to decline this year — that would be a double negative for the housing market. Days on market growing One of the reasons I called the housing market savagely unhealthy in 2022 was that houses flew off the shelves once they were listed.

Sales 541

Sales Days on market Mortgages Lending 541

Housing Wire

JUNE 22, 2023

The days on market are back to a teenager level in the existing home sales market, which means I can officially say we are back to a savagely unhealthy housing market! Nothing good happens in the housing market when the days on market are at a teenager level or lower. million in May.

Marketing 526

Marketing Days on market Sales Bankruptcy 526

Real Trends

APRIL 3, 2023

As days on market has lengthened for home sellers, it is not a surprise to see the return of home staging as a tool to attract potential buyers,” Jessica Lautz, NAR’s deputy chief economist and vice president of research, said in a statement.

Days on market 107

Days on market Staging Agents Marketing 107

Housing Wire

NOVEMBER 22, 2021

My single biggest concern for the years 2020-2024 was that home-price growth could overheat and we have seen that take place, which is why I keep on saying this is the most unhealthy housing market post-2010. Now we have some good news, the days on market grew one day from the last month’s report, from 17 to 18 days.

Sales 539

Sales Days on market Investor Mortgages 539

Housing Wire

FEBRUARY 28, 2024

A sales boom in 2020 and 2021 slashed home listings’ days on market and pushed up home sales’ price per square foot and sale-to-list price ratios. Mortgage data paints a similar picture of the increasing competitiveness of the San Diego market. The number of listings in San Diego fell 50.5%

Marketing 459

Marketing VA loan Days on market Loans 459

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 Sales Mortgages 538

Housing Wire

JUNE 21, 2024

Let’s keep it simple: total active listings are still below 2019 levels nationally, and the days on market are under 30 days today. Both existing housing inventory and home prices have been rising together year over year, which might seem odd at first glance since existing home sales are trending near all-time lows.

Days on market 482

Days on market Sales Mortgages As-is 482

Housing Wire

SEPTEMBER 30, 2024

We are seeing some price drops start to happen and a little bit longer days on market.” Fontantella isn’t the only one seeing slower market conditions in Bergen County. The Altos Research Market Action Index score for the county has dropped from a 90-day average of 54.63 in early May to 47.88 as of Sept.

Marketing 431

Marketing Home sale contingency Days on market Agents 431

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

NOVEMBER 21, 2023

Below are a few charts to go along with the existing home sales report: From NAR: First-time buyers were responsible for 28% of sales in October; Individual investors purchased 15% of homes; All-cash sales accounted for 29% of transactions; Distressed sales represented 2% of sales; Properties typically remained on the market for 23 days.

Sales 490

Sales Days on market Mortgages Investor 490

Keeping Current Matters

MARCH 15, 2024

With the number of new listings going up and average days on market going down, buyers may have more options, but will still want to move fast.

Days on market 325

Days on market Marketing 325

Housing Wire

AUGUST 8, 2024

17 , Simonsen has a few different markers he will be watching, including list-to-sale price ratio, days on market and the number of deals that fall through. “In In a normal market, homes sell and list for really close to the same dollar amount. As these business practice changes begin Aug.

Debt-to-income ratio 488

Debt-to-income ratio Marketing Mortgages Days on market 488

Housing Wire

AUGUST 18, 2020

“The hottest zip codes have bucked the national trend of a housing market slowdown during the COVID-19 pandemic,” Danielle Hale, realtor.com’s chief economist said in the report. “Likewise, all of the hottest zip codes saw demand increase, with rising views per property on realtor.com compared to last year.”.

Marketing 516

Marketing Days on market As-is 516

Housing Wire

NOVEMBER 11, 2024

As he has previously stated, Reffkin highlighted data such as days on market and price drop history, which is typically displayed alongside all listings in the MLS, as being problematic and harmful to home sellers. “I I believe days on market is the killer of value.

MLS 370

MLS Brokerage Days on market Agents 370

Housing Wire

DECEMBER 21, 2021

The median days on market in November was 17, according to Redfin, much lower than the average of 80 days on market that Realtor.com reported in November 2019. The more outdated homes are kind of going back to more normal market trends in terms of average days on market.

Land 418

Land Days on market Agents Marketing 418

Housing Wire

DECEMBER 20, 2023

From NAR : First-time buyers were responsible for 31% of sales in November; Individual investors purchased 18% of homes; All-cash sales accounted for 27% of transactions; Distressed sales represented 1% of sales; Properties typically remained on the market for 25 days. The days on market have always been a critical data line for me.

Sales 482

Sales Marketing Days on market Mortgages 482

Housing Wire

MARCH 18, 2022

One of the critical data lines that I want to see improve this year is days on market. My concern now is that some sellers are feeling stressed about this market, which should never happen because this is the best seller market ever. NAR Research : The median existing-home sales price rose to $357,300, up 15.0%

Marketing 542

Marketing Investor Sales Days on market 542

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. Why is this so important to me? NAR Total Inventory Data going back to 1982.

Marketing 539

Marketing Sales Days on market Mortgages 539

Housing Wire

JULY 24, 2024

“A lot of sellers are willing to let their home sit on the market until they get the price they want, and a lot of buyers aren’t willing to pay sky-high prices when mortgage rates are still high, Stein added. “My My advice to serious sellers is to price fairly and make cosmetic repairs before listing.” metro area analyzed.

Days on market 435

Days on market Mortgages Marketing Sales 435

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

NOVEMBER 19, 2020

Days on market fell from 36 days to 21 days on a year-over-year basis. The housing market is hot. Existing home sales came in at a whopping 6,850,000 , beating estimates with the highest print since 2006. Cash buyers remain at a historically high level of 19%, the same as last year, while sales grew 26.6%

Marketing 545

Marketing Sales Days on market Mortgages 545

Keeping Current Matters

SEPTEMBER 2, 2021

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. Today, that number is cut in half and is now at 17 days.

Marketing 313

Marketing Days on market Residential Mortgages 313

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

FEBRUARY 27, 2023

In a typical marketplace, the days on market are more than 30 days. Last week, the existing home sales report showed — for the first time in a long time — that days on the market are over 30 days. This is a key indicator and one reason the housing market is no longer savagely unhealthy.

Marketing 476

Marketing Mortgages Days on market Sales 476

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

JANUARY 22, 2021

Compared to the previous year, days on market fell dramatically from 41 days to 21 days. For context, inventory does tend to fall toward the end of the year and stay low until spring. However, even accounting for that we are at all-time lows. Mortgage demand picked up in 2020.

Marketing 545

Marketing Sales Days on market Investor 545

Housing Wire

MARCH 21, 2024

My entire savagely unhealthy housing market theme was about the days on the market being a teenager, which means too many people chasing too few homes. Today, we are over 30 days old, which is good. However, over 30 days on market brings a smile to my face. History says with lower mortgage rates, yes!

Sales 508

Sales Mortgages Days on market Investor 508

Housing Wire

JUNE 28, 2024

Although pending sales are up, local agents noted that properties are taking longer to go under contract, leading to an uptick in inventory and days on market. Data from Altos Research shows that the 90-day average number of days on market in Coos County is 49 days, up from 42 days a year ago.

Marketing 397

Marketing Days on market Agents Inspection 397

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

JULY 18, 2024

“I know that you may not be in a hurry, however, I do want to be sure you are aware of the fact that all agents and buyers can see our days on market and if the home doesn’t sell reasonably quick, they will use the high number of days on market to rule us out or to justify making a lower offer.”

Days on market 446

Days on market Sales Marketing Agents 446

Housing Wire

JANUARY 23, 2024

home sales in nearly 30 years as high mortgage rates frustrate buyers, the market is reshaping real estate once again, placing buyers on the back foot and swinging the pendulum back to favoring sellers. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.

Agents 476

Agents Equity New Construction Days on market 476

Housing Wire

JANUARY 19, 2023

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. Most homes sold for below the asking price, and the number of days on market reached near pre-pandemic levels.

Marketing 448

Marketing Residential Construction Sales 448

Housing Wire

DECEMBER 21, 2022

Despite the drop in inventory, the typical number of days on market for a property rose to 24 days, up from 21 in October and 18 a year ago. After posting some month-over-month increases earlier this year, existing home inventory fell for the fourth consecutive month in November, dropping 6.6% million homes, which represents 3.3

Sales 397

Sales Mortgages Principal Days on market 397

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.

Mortgages 511

Mortgages Marketing Sales Days on market 511