2022 Bracketing Development Sellers 
Lamacchia Realty
MARCH 26, 2024
In the chart below, the trend depicts that inventory in all three South Florida counties (Palm Beach, Miami-Dade, and Broward) has been rising since April of 2022. Source Inventory rises when more sellers are listing than buyers are buying. Normally, sellers should expect at least one offer within the first two weeks of listing.
Lamacchia Realty
OCTOBER 25, 2023
PRICE ADJUSTMENTS AND THE 2023 MARKET In March 2022, it was clear that the market was changing from a frenzied post-pandemic scene to one where it was assumed that rising mortgage rates would slow it down and help inventory finally rise back up. Fewer sellers need to adjust their price because, again, it’s a seller’s market.
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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.
Birmingham Appraisal
FEBRUARY 6, 2024
More sales in the lower price bracket may indicate a decline in prices and more in the upper range may indicate an increase. This information can be used to advise sellers on how to price in this situation. In a seller’s market, where there are more buyers than available homes, prices might be higher.
McKissock
FEBRUARY 15, 2022
Now, 26 years later, Fannie Mae has announced that appraisers will be required to comply with ANSI Z765 as of April 1, 2022. I had become aware of the development of the standard and made repeated contacts with “the guy” (don’t remember his name) who was having it printed. Department of Housing and Urban Development.
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