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Even with falling rates, the housing market is shaping up to be bad in Q4

Housing Wire

Total housing inventory at the end of October was 1.22 Unsold inventory sits at a 3.3-month months in October 2021. Inventory levels are still tight, which is why some homes for sale are still receiving multiple offers,” Yun said. The median existing-home price for all housing types in October was $379,100, up 6.6%

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The nation’s housing market is on a correction course

Housing Wire

Several leading housing-market economists also are projecting the deceleration in home prices will continue in near the future as homebuyer demand ebbs — with one economist even predicting that prices will decline in some particularly hot markets across the nation. Freddie Mac projects that home-price growth will average 12.8%

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November 2023 South Florida Housing Report

Lamacchia Realty

november 2023 south florida housing report Broward County In November of 2023, Broward County single-family homes as well as c ondos/townhomes saw decreases in closed sales and pending sales, but increases in average price and new listings. An increase in active inventory as well as new listings is great news for buyers!

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July 2023 South Florida Housing Report

Lamacchia Realty

JULY 2023 south florida housing report July Highlights Mortgage rates and limited inventory continue to be the driving factors behind today’s real estate market data – specifically sticking out when looking at home sales and new listings which are both down across all counties and categories in South Florida.

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September 2023 South Florida Housing Report

Lamacchia Realty

September 2023 south florida housing report Broward County In September of 2023, Broward County single-family homes saw decreases in new listings and pending sales but increases in closed sales and average price. increase in new listings compared to September 2022. What’s happening in the market?

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October 2023 South Florida Housing Report

Lamacchia Realty

october 2023 south florida housing report Broward County In October of 2023, Broward County single-family homes saw a decrease in closed sales, but increases in new listings, pending sales, and average price. Condos/townhomes saw increases in average price and new listings but decreases in pending and closed sales.

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December 2023 South Florida Housing Report

Lamacchia Realty

December 2023 south florida housing report Broward County In December of 2023, Broward County single-family homes saw no changes in the number of homes sold, increases in average price, and new listings, but a decrease in pending sales. Instant Home Evaluation See immediately how this market is impacting your home value.