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Opinion: Here’s the latest data on what Realtors are witnessing in the housing market

Housing Wire

The monthly Realtors Confidence Index helps to dispel many of the myths and cut through the noise of what is currently happening in the market. The National Association of Realtors Research Group has produced the index since 2008, at a time of turmoil in the real estate market. In comparison, in 2011, homes took 96 days to sell. .

Realtors 377
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Existing home sales lay the path for the 2024 housing market

Housing Wire

From the National Association of Realtors (NAR): Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – elevated 0.8% The marketplace data told us we had no stressed sellers in 2023. NAR: Total housing inventory at the end of November was 1.13 months in Oct.

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Existing home sales are working from a historic low bar

Housing Wire

Remember, with median sales prices and inventory, it’s very seasonal. However, remember, the dive in inventory is normal at this time of the year. To give you all some perspective, this data line dropped all the way to 14 days in the crazy period of COVID-19, while back in 2011, it was 105 days.

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Existing home sales data shows extent of housing inflation

Housing Wire

Today the National Association of Realtors reported that existing home sales fell once again to 4.80 A traditional primary resident seller is also a buyer, which means if they don’t list, they’re not just taking a potential home to be bought off the table — they’re taking a future sale off the books as well. million to 1.28

Inventory 437
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Homes in Boise, Idaho are “flying off the market”

Housing Wire

It’s not uncommon to hear that bids on homes are that high, according to Stacie Herrig, a Realtor with Epic Realty in Meridian, Idaho, and sometimes she can see 10 to 20 offers on a home. months worth of housing inventory, which is the lowest ever, the report from Keller Williams said. But last week, I listed a home for $1.17

Marketing 531
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Homeowners gain $8.2 trillion in housing wealth over 10 years

Housing Wire

trillion in housing wealth, according to a new study by the National Association of Realtors , released on Wednesday. from the fourth quarter of 2011 through the fourth quarter of 2021, according to NAR, and as of Q4 2021, the median single-family existing-home sales price rose by at least 10% in 67% of 183 metro areas tracked by NAR. .”

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SELLERS’ MARKET? HOW ABOUT BUILDERS’ MARKET?

Will Springer Realtor

from a year ago and at a level not seen since 2011. Who said this is a sellers’ market? >> A survey of National Association of Realtors® members showed 34% of their clients were first-time buyers, up from 31% the previous year (July 2020-June 2021). Monthly inventory stands at 0.4 The post SELLERS’ MARKET?

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