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Price Adjustments and the 2023 Market

Lamacchia Realty

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. Inventory didn’t increase at the rate most assumed it would.

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Housing Statistics for Beginners, Part 2

Birmingham Appraisal

Unlocking the Basics: Part 2 of Housing Statistics for Beginners In my last blog post, which was the first installment in this multi-part series, I discussed why it is important for agents to be aware of local housing statistics. In my last post, I discussed statistics related to supply and demand.

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Price Adjustments in this New Housing Market

Lamacchia Realty

In early March it was becoming clear that the market was changing from a frenzied post-pandemic scene to one where rising mortgage rates would slow it down and help inventory finally rise back up. For the past few years, with inventory at historically low levels , sellers were coming pretty close to naming their price and buyers were paying.

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Price Adjustments in 2021: Tis the Season

Lamacchia Realty

Inventory is still very tight despite a slight increase, and as you can see in the chart below from our Massachusetts Updates page , the percentage of homes placed under agreement out of total inventory is still higher than it ever has been but its noticeably lower than it was in the first six months of the year.

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Can a New Construction Sale be Used as a Comp for an Older Home?

Birmingham Appraisal

Prices have held steady and even increased in some areas due to limited inventory. appeared first on Birmingham Appraisal Blog. What is bracketing and why should Realtors do it? The market dynamics have changed namely interest rates. If you liked this post subscribe by email (or RSS feed ).

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Can New Construction Sales be Used in an Appraisal of an Older Home?

Birmingham Appraisal

Prices have held steady and even increased in some areas due to limited inventory. appeared first on Birmingham Appraisal Blog. What is bracketing and why should Realtors do it? The market dynamics have changed namely interest rates. If you liked this post subscribe by email (or RSS feed ).

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Price Adjustments in Florida Rise Rapidly

Lamacchia Realty

As you can see in the chart below, Florida has the highest shift in rising inventory over the past twelve months. Source Condo inventory has been rising more than single families as sales have been decreasing since 2023. Source Inventory rises when more sellers are listing than buyers are buying.