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Median home prices, new listings move higher in Florida

Housing Wire

The housing market in the state of Florida saw higher median home prices, more real estate listings and a higher number of active listings during the month of January, according to data released Thursday by Florida Realtors , a state-based trade organization for real estate professionals. from the same time last year. .

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The mortgage rate lock-in didn’t start in 2022

Housing Wire

In the 24 months beginning March 2022, the U.S. After an initial rush to get to market in Q2 2022, new listings volume fell precipitously. In July 2022, new listings volume per week dropped from 90,000 at the end of June to approximately 74,000 just after the July 4th holiday.

Mortgage 366
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Existing home sales ended the year with a whimper in 2022

Housing Wire

The phrase “in like a lion, out like a lamb” is typically used to describe the month of March, but it is also applicable to existing home sales trends in 2022. million, according to a report from the National Association of Realtors (NAR) released Friday. million existing homes were sold in 2022, down 17.8% After posting a 6.5%

Inventory 338
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Existing-home sales have nowhere to go but up in 2024? 

Housing Wire

million, according to the N ational Association of Realtors. Compared to October 2022, existing home sales slumped 14.6%, down from 4.44 lower than October 2022 when inventory was at 1.22 months in October 2022. from October 2022’s $378,800. from October 2022’s $378,800. Existing-home sales dropped 4.1%

Inventory 377
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Affordability boosts Indianapolis housing market 

Housing Wire

Indianapolis, which had 880,600 residents as of July 2022, offers a very strong and steady real estate market that attracts buyers looking for a more affordable lifestyle. It also boasts a strong labor market, adding 28,500 jobs in November 2023 compared to November 2022, according to data released by the Bureau of Labor Statistics (BLS). “The

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Buyers are struggling to compete in the white-hot Cincinnati market

Housing Wire

“I called the listing agent and it was listed three hours ago, but it was sold,” the Cincinnati, Ohio -based eXp Realty agent said. “We There is no way you can stay on top of things unless you hire someone to watch new listings pop up every 10 minutes. Altos considers anything above a 30 to be a seller’s market.

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“It seems impossible:” Bergen County, NJ’s housing market is vexing agents and buyers

Housing Wire

In March of 2022, the 90-day average Market Action Index score for the county hit a high of 93.84, before cooling over the past two years to a score of 47.98 Altos considers any score above 30 to be a seller’s market. 70 towns, 90 new listings Local agents say the county’s tight inventory situation is largely to blame.