Remove 2021 Remove Buyers Remove Home Value Remove New Listings
article thumbnail

Even with falling rates, the housing market is shaping up to be bad in Q4

Housing Wire

months in October 2021. Inventory levels are still tight, which is why some homes for sale are still receiving multiple offers,” Yun said. β€œIn In October, 24% of homes received over the asking price. Conversely, homes sitting on the market for more than 120 days saw prices reduced by an average of 15.8%.”. ” .”

article thumbnail

Home Search Strategies for 2022

Eppraisal

It is no secret that many home buyers are having a hard time finding a home to purchase. The inventory of homes available for sale was on the low side even before the Covid 19 pandemic. According to data from Realtor.com, "The inventory of homes for sale dropped 53% between April 2020 and April 2021."

Insiders

Sign Up for our Newsletter

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

article thumbnail

Q1 2023 Texas Real Estate Market update – Real Estate Real Fast EP17

Listing Spark

Episode Summary Aaron Jistel gives an update on the Texas Real Estate Market in Q1 2023 and recaps the 2022 market noting that it had been affected by a sudden increase in mortgage rates, with sales and home values declining. He provides advice on pricing homes and how to negotiate, as well as what to expect for the rest of 2023.

article thumbnail

September Real Estate Market Update

Listing Spark

It’s a new month, but it hasn’t gotten any easier for buyers out there. That’s great news if you are a seller though. . Homes are selling at such a feverish pace that active listings are plummeting across the board, further lowering our months of inventory available to buyers. Hard to say.

article thumbnail

Key Skills Your Agent Should Possess in Today's Market

Eppraisal

The real estate markets in 2020 and so far in 2021 have been like no other. The demand for homes has been and is still high, as eager buyers rush to new listings and submit offers quickly. Home prices continue to increase and sellers are reaping the rewards of quick sales.

Agents 36
article thumbnail

Real Estate Real Fast EP4 (solo-show with Aaron talking Fall/Winter 2022 Texas housing market)

Listing Spark

Days on the market are up, home prices are down, but it’s not all doom and gloom. What should buyers and sellers be doing right now? The Austin market has cooled down significantly since 2021 and early 2022. There is more inventory available and home sales are down. Nationally active listings are up 26.9%.

article thumbnail

TheΒ nation’sΒ housing market is on a correction course

Housing Wire

Freddie Mac projects that home-price growth will average 12.8% By comparison, home-price growth was 17.8% in 2021, Freddie Mac reports. trillion in 2021,” the agency’s quarterly forecast states. So, home sales have really gotten completely hammered,” Zandi said. in 2022 but will drop to 4% in 2023.