Housing Wire

OCTOBER 26, 2021

There was no bidding war,” recalled Pellegrini of Pellegrini & DeGeorge Partners , an affiliate of Sotheby’s International Realty. “It The company said it would complete purchases that are under contract but not closed, and will continue to work on reselling existing inventory. More will be known Nov.

Supply Chain 527

Supply Chain Real Estate Real Estate Agent Clients 527

Housing Wire

OCTOBER 18, 2021

The report is based on a monthly survey of NAHB members, in which respondents are asked to rate market conditions for the sale of new homes at the present time and in the next six months as well as the traffic of prospective buyers of new homes. NAHB attributes this increase to strong consumer demand for homes.

Supply Chain 519

Supply Chain Inventory Buyers Housing Market 519

Housing Wire

DECEMBER 19, 2022

This trend has made it easier for buyers with financing and other contingencies to purchase a home. Also helping buyers is an increase in housing inventory, Ridenour Lindsey said. “It It is hard to tell if more homes are being listed or if things are just sitting a bit longer, but there is definitely more inventory,” she said.

Marketing 322

Marketing Inventory Buyers Housing Market 322

Housing Wire

SEPTEMBER 9, 2020

Time waits for no buyer in the suburbs. With record-low interest rates, paltry inventory and a surge in buyers, agents are advising clients to be extraordinarily aggressive to win. “The property comes on within 24 hours, and if it meets your buyers criteria you want to get them out to see it.”

Agents 477

Agents Marketing Clients Buyers 477

Housing Wire

FEBRUARY 25, 2021

And inventory shortages are the culprit. But many would-be buyers have also been thwarted by comically low resale inventory, as well as supply chain constraints and escalating materials costs that have made life difficult for homebuilders. All four areas saw contract transactions increase from a year-over-year standpoint.

Supply Chain 399

Supply Chain Inventory Housing Market Contracts 399

Housing Wire

OCTOBER 21, 2020

“It’s been a circus, really,” said Anthony Lamacchia, Realtor and owner of Lamacchia Realty in the Boston suburbs. Across the different markets, the agents consistently reported bidding wars amid heightened demand for single-family homes, low inventory and an increase of buyers fleeing big cities.

Housing Market 545

Housing Market Marketing Real Estate Agent Real Estate 545

Lamacchia Realty

JANUARY 25, 2024

It kept inventory down, which propped up prices, but sales are down nearly 22%, and buyers are hungry. A year later, still no crash, which had more to do with the decrease in inventory than the decrease in sales. The number of homes placed under contract (pending), decreased by 17.7% Sales Decline by 21.7%

Inventory 69

Inventory Sellers Contracts Buyers 69

Housing Wire

APRIL 20, 2022

She then went on to teach high school French, but after six years of dealing with “hormonal teenagers” Williamson was ready for a change, and on a friend’s suggestion interviewed at the local Daniel Gale Sotheby’s International Realty affiliate. “It Just how we do contracts now is so much faster. Brokerages Invest in Tech.

Real Estate Agent 371

Real Estate Agent Real Estate Agents Brokerage 371

Lamacchia Realty

JANUARY 25, 2024

reduction in sales, leaving prospective buyers eager to make a move. As interest rates sought to stabilize following their sharp decline in 2020, both buyers and sellers had to acknowledge the end of the era of historically low pandemic-induced rates, and the beginning of higher monthly mortgage payments. Sales Decline by 23.2%

Inventory 57

Inventory Sellers Buyers Real Estate 57

Lamacchia Realty

JANUARY 25, 2024

This created an extreme scarcity of inventory and contributed to elevated prices, but it also led to a 22% decrease in the number of sales, leaving buyers eager. The resilience can be attributed mostly to the decrease in inventory. The number of homes placed under contract (pending, just singles and condos) decreased by 18.9%

Inventory 52

Inventory Sellers Buyers Contracts 52

Lamacchia Realty

JANUARY 25, 2024

This scarcity in inventory exerted upward pressure on prices, although it coincided with a 19% decline in sales. Despite this decline, motivated buyers were out there trying to secure a home while also trying to navigate lower affordability and low inventory. Average prices for closed sales increased by 7.2% Sales Decline by 18.9%

Inventory 52

Inventory Sellers Buyers Contracts 52

Lamacchia Realty

JANUARY 30, 2024

This scarcity in inventory had the effect of keeping prices high, but there was a substantial decrease in sales, approximately 19%, leaving prospective buyers eager. This resilience is more attributable to the reduction in inventory rather than a decline in sales. Maine Sales Decreased by 18.9% Maine Sales Decreased by 18.9%

Inventory 54

Inventory Sellers Buyers Contracts 54

Realtor

JULY 13, 2021

Getty Images Buyers, we know it’s hard out there for you right now. In our current seller’s market, the national inventory of active listings is down 43.1% All of this demand means buyers are going to ever-greater lengths to make their offer stand out.

Inspection 203

Inspection Real Estate Agent Real Estate Buyers 203

Lamacchia Realty

JANUARY 30, 2024

The 2023 South Florida real estate market, like national trends, saw a decrease in sales, an increase in prices, and a decrease in the number of homes listed and placed under contract. Unlike what the Northeast experienced, South Florida inventory is up over 2022 and the second half of 2021. South Florida Sales Decline by 17.5%

HOA 49

HOA Inventory Buyers Contracts 49

Lamacchia Realty

FEBRUARY 27, 2024

when compared to January 2023. 2024: 2,391 2023: 2,487 2022: 2,824 Pending Home Sales: The number of homes placed under contract is down by 8% when compared to January 2023. What does this mean for Buyers ? Buyers, make sure you don’t make these house hunting mistakes ! What’s Happening in the Market?

Sellers 58

Sellers Real Estate Buyers Inventory 58

Lamacchia Realty

FEBRUARY 27, 2024

2024: 12,307 2023: 9,929 2022: 10,583 Pending Home Sales: The number of homes placed under contract is down by 9.1% What does this mean for Buyers ? More inventory translates to more options for buyers as well as potentially less competition and a stabilization or eventual reduction in home prices! What’s next?

Inventory 52

Inventory Sellers Real Estate Buyers 52

Lamacchia Realty

FEBRUARY 27, 2024

2024: 4,702 2023: 4,330 2022: 4,636 Pending Home Sales: The number of homes placed under contract is down by 0.4% What does this mean for Buyers ? In Massachusetts inventory is up when compared to 2022, but not nearly enough to meet the buyer demand in the market. when compared to January 2023.

Sellers 62

Sellers Real Estate Buyers Inventory 62

Realtor

OCTOBER 16, 2023

. “Many lenders, especially in more recent years, have started to charge hidden points in an effort to advertise a much lower mortgage rate to potential applicants,” warns Jason Gelios , author of “Think Like a Realtor” and a real estate agent with Community Choice Realty in South East Michigan.

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

Lamacchia Realty

AUGUST 25, 2023

JULY 2023 connecticut housing report July Highlights Mortgage rates and inventory levels continue to shape the housing market landscape as we continue through the summer months. In fact, the number of homes listed in the first half of 2023 is the lowest in recorded history , keeping inventory extremely tight.

Sellers 58

Sellers Real Estate Inventory Buyers 58

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.

Bracketing 60

Bracketing HOA Sellers Buyers 60

Lamacchia Realty

FEBRUARY 27, 2024

2024: 1,096 2023: 964 2022: 1,080 Pending Home Sales: The number of homes placed under contract is down by 13.3% As Anthony states in his 2024 predictions , the market will continue shifting and may even improve slightly for buyers and sellers alike, but we are not out of the woods in terms of housing market ebbs and flows quite yet.

Sellers 56

Sellers Real Estate Buyers Inventory 56

Lamacchia Realty

NOVEMBER 27, 2023

2023: 6,586 2022: 6,585 2021: 8,136 Pending Home Sales: The number of homes placed under contract is down by 6.3% What does this mean for Buyers ? October proved to be a challenging month for buyers, with mortgage rates reaching levels not seen for more than 20 years, and inventory levels still unable to support demand.

Sellers 65

Sellers Real Estate Buyers Inventory 65

Lamacchia Realty

NOVEMBER 27, 2023

2023: 1,858 2022: 1,741 2021: 1,920 Pending Home Sales: The number of homes placed under contract is down by 0.8% What does this mean for Buyers ? October proved to be a challenging month for buyers, with mortgage rates reaching levels not seen for more than 20 years, and inventory levels still unable to support demand.

Sellers 58

Sellers Real Estate Buyers Inventory 58

Lamacchia Realty

FEBRUARY 23, 2024

2024: 1,140 2023: 967 2022: 1,095 Pending Home Sales: The number of homes placed under contract is up by 6.1% As Anthony states in his 2024 predictions , the market will continue shifting and may even improve slightly for buyers and sellers alike, but we are not out of the woods in terms of housing market ebbs and flows quite yet.

Sellers 55

Sellers Real Estate Buyers Inventory 55

Lamacchia Realty

FEBRUARY 27, 2024

when compared to January 2023 2024: 989 2023: 953 2022: 1,098 Pending Home Sales: The number of homes placed under contract is up by 9.1% What does this mean for Buyers ? In Rhode Island, inventory is struggling to recover , and therefore the current levels are unable to meet the buyer demand in the market.

Sellers 52

Sellers Real Estate Buyers Inventory 52

Lamacchia Realty

AUGUST 25, 2023

JULY 2023 massachusetts housing report July Highlights Mortgage rates and inventory levels continue to shape the housing market landscape as we continue through the summer months. In fact, the number of homes listed in the first half of 2023 is the lowest in recorded history , keeping inventory extremely tight.

Sellers 57

Sellers Real Estate Inventory Buyers 57

Lamacchia Realty

AUGUST 25, 2023

JULY 2023 new hampshire housing report July Highlights Mortgage rates and inventory levels continue to shape the housing market landscape as we continue through the summer months. In fact, the number of homes listed in the first half of 2023 is the lowest in recorded history , keeping inventory extremely tight.

Sellers 50

Sellers Real Estate Inventory Buyers 50

Lamacchia Realty

DECEMBER 19, 2023

2023: 4,890 2022: 4,924 2021: 5,992 Pending Home Sales: The number of homes placed under contract is down by 12% when compared to November 2022. 2023: 485 2022: 505 2021: 412 Data provided by Warren Group & MLSPIN then compared to the prior year. What does this mean for Buyers ?

Real Estate 63

Real Estate Sellers Buyers Realtors 63

Lamacchia Realty

APRIL 24, 2023

With these ebbs and flows, serious buyers need to stay tuned into the market so that they are ready to strike if rates drop down. Financing with a lower rate increases overall buyer affordability, so make sure you have updated preapprovals and have reviewed all your mortgage options. when compared to March 2022.

Sellers 62

Sellers Buyers Inventory Real Estate 62

Lamacchia Realty

DECEMBER 19, 2023

2023: 2,765 2022: 2,617 2021: 3,476 Pending Home Sales: The number of homes placed under contract is down by 5.2% What does this mean for Buyers ? Inventory levels in Connecticut are not increasing nearly enough to meet the buyer demand in the market. when compared to November 2022. when compared to November 2022.

Real Estate 57

Real Estate Sellers Home Value Buyers 57

Lamacchia Realty

DECEMBER 19, 2023

2023: 1,321 2022: 1,231 2021: 1,530 Pending Home Sales: The number of homes placed under contract is up by 0.7% What does this mean for Buyers ? Even though inventory levels are increasing, they aren’t increasing enough to meet the buyer demand in the market. when compared to November 2022. when compared to November 2022.

Real Estate 56

Real Estate Sellers Buyers Realtors 56

Lamacchia Realty

AUGUST 17, 2022

The initial rate spike in late May suddenly slowed the market down and impacted buyer affordability. Now that rates are hovering more consistently in the 5% range, motivated buyers are more comfortable moving forward with what they can afford, so August sales may not be down as much. Buyers, there is a cost to waiting!

Sellers 70

Sellers Buyers Inventory Contracts 70

Lamacchia Realty

NOVEMBER 27, 2023

when compared to October 2022, as want-to-be sellers are concerned about jumping into the market. 2023: 3,493 2022: 3,541 2021: 4,509 Pending Home Sales: The number of homes placed under contract is down by 7.4% What does this mean for Buyers ? when compared to October 2022. What’s Happening in the Market? What’s next?

Sellers 58

Sellers Real Estate Buyers Inventory 58

Lamacchia Realty

JULY 26, 2023

Highlighted in this report are the average sale prices for single-family, condominiums, and multi-family homes in Massachusetts along with the number of homes listed for sale, placed under contract, and price adjustments. To learn more about inventory, click on the chart on the right. Number of Homes Sold Decreased by 24.8%

Sellers 57

Sellers Inventory Buyers Contracts 57

Lamacchia Realty

MARCH 28, 2023

Buyers – lowered mortgage rates increase your affordability ! Right now, inventory is near its lowest, but there are serious buyers in the market looking to purchase. Once inventory starts to rise, that advantage weakens. Remember, bad for the economy usually translates to good for the housing market and mortgage rates.

Sellers 69

Sellers Inventory Buyers Real Estate 69

Lamacchia Realty

APRIL 24, 2023

During periods of lowered rates, buyers were quick to obtain financing as lower rates increase their affordability. Therefore, if you are a serious buyer, make sure your preapprovals are updated and you are aware of all your mortgage options – be ready to strike when rates possibly reach a low point again! when compared to March 2022.

Sellers 51

Sellers Buyers Inventory Real Estate 51

Lamacchia Realty

FEBRUARY 14, 2024

From low inventory levels to increasing mortgage rates , the real estate landscape has experienced a multitude of changes and challenges over the last several years, leaving many sellers wondering when the “right” time to list would be given current market conditions. At Lamacchia Realty, our REALTORS® do this every day!

Sellers 64

Sellers Realtors Buyers Inventory 64