Remove 2023 Remove Inventory Remove Luxury Properties Remove Sellers
article thumbnail

Agents in Illinois grapple with the state’s housing inventory shortage

Housing Wire

Census Bureau , the state lost 32,826 residents from July 2022 to July 2023. Altos considers anything above 30 to be indicative of a seller’s market. Real estate professionals throughout the state attribute the resilience of the state’s housing market to its perpetually low inventory problem. According to estimates from the U.S.

Inventory 371
article thumbnail

While the Austin housing market isn’t sizzling, agents say it is still warm

Housing Wire

Buyers are still buying and sellers are still selling. What ensued next was a rapid cooldown, which saw the median list price fall by more than $100,000 by mid-February 2023 to $533,000. Overall, things are kind of continuing from where they were in 2023 with a very modest change in the median sales price.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

2 of Every 25 U.S. Homes Worth at Least $1M

Empire Appraisal Group

Homes Worth at Least $1M By Kerry Smith While $1M signified luxury property a short while ago, it’s now 8% of the nation’s housing stock – but a large percentage of those homes are still in Pacific Coast states. Elevated mortgage rates discourage potential home sellers, who are staying put to keep their relatively low mortgage rates.

article thumbnail

The best real estate companies to work for in 2024 (+ beyond)

Housing Wire

We’ve all heard the news: over 60,000 real estate agents left the profession in the first half of 2023. Coldwell was named among the 2023 Women’s Choice Award® for “9 out of 10 Customer Recommended Real Estate Agency.” Are you an experienced luxury agent? Do you just want to sell luxury real estate?

article thumbnail

WILL WAR IN UKRAINE IMPACT OUR HOUSING MARKET?

Will Springer Realtor

Without their spirit to rebuild, our thinning housing inventory would be more dire than it is today. Condo inventory is not much better. Perhaps the city will want to rezone the property to open the possibilities to commercial/retail and multi-family buildings in an effort to increase the number of residents. There is 0.6