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Rising insurance costs, ample inventory create a unique market in Southwest Florida

Housing Wire

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I We are seeing a healthy increase in inventory, which we really needed.” Smith attributes the uptick in inventory to a bump in new listings.

Insurance 363
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When it comes to home sales, August is the new May, keeping agents busy into the fall

Housing Wire

According to the National Association of Realtors , contract signings kicked off strong in August , with the most contract signings last week in the Midwest, at 21%. As new contract signings are outpacing new listings due to low inventory, properties sold typically within 26 days in the four weeks leading up to August 2, NAR said.

Agents 544
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No seasonal slowdown this year as real estate agents report a busier-than-usual fall

Housing Wire

“There’s a lot of homeschooling going on in this hybrid world, and it’s difficult,” Realtor Vesna Kanacki with Century 21 Full Service Realty in New City, New York, told HousingWire. 20, the National Association of Realtors said that contract signings were up 23% year over year.

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Pending home sales drop, but there’s a silver lining

Housing Wire

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.

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Massachusetts 2023 Year in Review

Lamacchia Realty

2023 was a notable year in real estate history, but if we had to put our finger on what stood out, it was how the number of homes listed was the lowest in over two decades. It kept inventory down, which propped up prices, but sales are down nearly 22%, and buyers are hungry. A lot of it had to do with anemic inventory.

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New Hampshire 2023 Year in Review

Lamacchia Realty

The real estate landscape witnessed significant developments in 2023, as the New Hampshire market saw a historic low in listings. This scarcity in inventory exerted upward pressure on prices, although it coincided with a 19% decline in sales. Lowest number homes listed in recorded history, decreased by 15.1%

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Rhode Island 2023 Year in Review

Lamacchia Realty

The market’s resilience can be attributed more to the decrease in inventory than the decline in sales. This report, the first one we are publishing for Rhode Island, examines sales, average prices, the number of active listings, and listings under contract for 2023 compared to 2022. Sales Decline by 23.2%