article thumbnail

Sales of luxury homes skyrocket in first quarter

Housing Wire

The typical luxury home that was for sale during the first quarter spent 61 days on the market — 38 fewer days than the same period in 2020. the biggest increase in luxury-home sales in the first quarter was Miami, with sales up 101.1% the biggest increase in luxury-home sales in the first quarter was Miami, with sales up 101.1%

article thumbnail

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

Housing Wire

Real estate professionals throughout the state attribute the resilience of the state’s housing market to its perpetually low inventory problem. Inventory is almost nonexistent,” said Melissa Kingsbury , a Redfin agent who works in the southwest suburbs of Chicago. “If As of Feb. Across the state, as of Feb.

Inventory 439
Insiders

Sign Up for our Newsletter

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

article thumbnail

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

Housing Wire

From 2020 until the middle of 2022, the Austin metro area was turning heads for its massive influx of homebuyers and its exponential home price growth. In early March 2020, prior to the onset of the pandemic , the 90-day average median list price for a single-family home in the area was $357,000.

article thumbnail

What Are the Top Luxury Markets in North America Right Now?

McKissock

Their choice of parameter to measure performance was guided by the escalating number of luxury property sales and the importance of understanding this impact on the level of inventory available. But in 2020 the swing was dramatic, with many markets becoming seller-controlled for the first time in years.

article thumbnail

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

Housing Wire

REAL was founded in 2018 and went public in 2020. When this first hit the grapevine, non-Compass agents were up in arms because they felt like they were getting shut out of properties in an already limited inventory market. That is 1/20th of the time Coldwell Banker has been in business.

article thumbnail

How to Sell Your House Fast in Chicago with Targeted Updates and Spot-on Pricing

Chicagoland Appraisal Blog

According to HomeLight’s Top Agent Insights Survey for Q1 2020, 98% of top agents say that buyers prefer neutral colors over bold ones. Whether they realize it or not, buyers are swayed by their first impression of a property. Repaint — ”Especially if the paint is in bad shape or is not a neutral color,” says Westhoff.

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. >> In 2020, the share of adults aged 25-34 living at home grew to the highest percentage since 1960: 17.8%. Condo inventory is not much better. The number declined to 17% in 2021 – still the second-highest share recorded.