Lamacchia Realty

OCTOBER 25, 2023

Furthermore, potential sellers with covid-era mortgage rates of around 3% aren’t actually listing because it means they’d have to give up that historic rate and trade it in for one that is two to three times higher. Fewer sellers need to adjust their price because, again, it’s a seller’s market. It means they’re down.

Bracketing 64

Bracketing Marketing Sellers Buyers 64

Lamacchia Realty

JUNE 21, 2022

For the past few years, with inventory at historically low levels , sellers were coming pretty close to naming their price and buyers were paying. The low rates made it possible to offer more on a home as the cost of borrowing was lower and therefore, sellers weren’t the ones competing, buyers were. The same will be true for sellers.

Housing Market 65

Housing Market Bracketing Marketing Sellers 65

Lamacchia Realty

AUGUST 3, 2021

Due to the lingering impact of COVID and the log jam it caused in the 2020 spring market , price adjustments were lowest in 2020 and are now even lower in 2021 with supply so tight. It comes with a negative stigma for sellers to hear that a price adjustment is recommended. How do you know your house is overpriced?

Bracketing 68

Bracketing Sellers Buyers Inventory 68

Birmingham Appraisal

FEBRUARY 6, 2024

The Alabama Center for Real Estate provides helpful charts and statistics from data it gets from The Alabama Association of Realtors. More sales in the lower price bracket may indicate a decline in prices and more in the upper range may indicate an increase. Your market may have other sources of market data as well.

Inventory 76

Inventory Real Estate Sellers Buyers 76

Lamacchia Realty

JANUARY 10, 2022

Inventory initially dropped in March 2020 as a result of sellers pausing on listing their homes and that number has stayed extremely low since. The first line of defense is hiring an experienced REALTOR® who is an expert at handling the complexities of multiple offers. Consider Waiving Inspection.

Sellers 72

Sellers Buyers Inspection Bracketing 72

Cornerstone

MARCH 3, 2021

Though we’re currently in a seller’s market, it’s still vital to set the right price for your home if you want it to sell profitably — and fast. Economic Outlook from the National Association of REALTORS® (NAR) shows that existing home prices in the U.S. 300,000) helps to straddle two pricing brackets and optimize exposure.

Sellers 55

Sellers Bracketing Buyers Inventory 55

Lamacchia Realty

FEBRUARY 22, 2023

Since then, as rates and inflation have continued to influence consumer sentiment and spending, inventory has remained low as sellers hesitate to dive into the market. The first line of defense is hiring an experienced REALTOR® who is an expert at handling the complexities of multiple offers in this adjusting market with higher rates.

Buyers 41

Buyers Sellers Inspection Bracketing 41