Bracketing Buyers Inventory Sellers 
Lamacchia Realty
MARCH 26, 2024
Elevated condo association and special assessment fees present an additional financial burden for condo owners, deterring potential buyers unless the purchase price is reduced sufficiently to offset the higher ongoing monthly costs. Source Condo inventory has been rising more than single families as sales have been decreasing since 2023.
Lamacchia Realty
OCTOBER 25, 2023
PRICE ADJUSTMENTS AND THE 2023 MARKET In March 2022, it was clear that the market was changing from a frenzied post-pandemic scene to one where it was assumed that rising mortgage rates would slow it down and help inventory finally rise back up. Inventory didn’t increase at the rate most assumed it would. It means they’re down.
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Lamacchia Realty
JUNE 21, 2022
In early March it was becoming clear that the market was changing from a frenzied post-pandemic scene to one where rising mortgage rates would slow it down and help inventory finally rise back up. For the past few years, with inventory at historically low levels , sellers were coming pretty close to naming their price and buyers were paying.
Birmingham Appraisal
FEBRUARY 6, 2024
In this post we’ll discuss average and median sold price, average days on the market (DOM), and months of inventory. More sales in the lower price bracket may indicate a decline in prices and more in the upper range may indicate an increase. This information can be used to advise sellers on how to price in this situation.
Lamacchia Realty
MARCH 12, 2024
As predicted , 2024 has started with low inventory, and mortgage rates have remained relatively stable in the high 6’s and low 7’s. Due to rising rates and home prices that have continued to influence consumer spending, 2023 saw the lowest inventory in recorded history, and in 2024, sellers are still hesitant to enter the market.
Lamacchia Realty
AUGUST 3, 2021
Though there were several months through winter and spring that it never seemed possible this year, the market is slowly beginning to be less competitive for buyers. It comes with a negative stigma for sellers to hear that a price adjustment is recommended. If you price your home even $50K over the rest, your home may be overlooked.
Lamacchia Realty
APRIL 27, 2022
It also looks at other metrics like New Listings and New Pending Sales as they are often the best indicators for predicting future trends in the market The inventory crisis last year caused demand to spike higher than ever by fall and into the winter, which in turn caused prices to continue to increase significantly. South Florida Inventory.
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