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Why are existing home prices rising when sales are still so low?

Housing Wire

The one thing that is positive this year which is different than last year is new listing data is rising year over year, nothing spectacular, but it’s a positive story for housing This means we have more sellers that will be buyers in 2024. NAR tracks inventory different than we do here at HousingWire: they have 1.11

Inventory 481
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Days on market grow despite low inventory for existing homes

Housing Wire

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. Seasonal impacts are the norm with housing, and new listing data is negative 6% year to date.

Inventory 464
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The Cleveland Area Housing Market Was Skating Along… And Then This Happened

Cleveland Appraisal Blog

Interestingly, the number of active listings has dropped every year since at least 2013. But it appears that we have hit the bottom when it comes to active listings. We can expect more listings in the future. Sellers are starting to realize that we are no longer in the same market as we were in 2020-2022.

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Home Search Strategies for 2022

Eppraisal

" In a recent fortune.com article written on February 17, 2022, Tristan Bove wrote, "The inventory of homes for sale is down 26% compared to last year, and forecasters see a rough year ahead." Some agents even have an "ABR" designation (Accredited Buyer's Representative) from the National Association of Realtors.

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Finding an Agent: 5 Key Questions to Ask a Prospective Buyer's Agent While Conducting Interviews

Eppraisal

For example, it has been a super seller's market the past few years as home values have risen. Most of the time, the buyer's brokerage gets paid cooperating commission by the seller's brokerage. Are you a member of the National, State and Local Associations of REALTORS®?

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Seattle/King County Activity, Prices Show a Monthly Jump

Will Springer Realtor

As a result, home buyers and sellers across Seattle/King County saw a mixed bag of activity in February, according to the Northwest Multiple Listing Service (MLS). About two-thirds of all King County listings sold last month at the list price or above, signaling a competitive environment and extending this long-running sellers’ market.

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Key Skills Your Agent Should Possess in Today's Market

Eppraisal

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. According to an article written by Danielle Hale on Realtor.com, "Homes continue to sell faster than a year ago."

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