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

Bracketing 64

Bracketing Marketing Sellers Buyers 64

Lamacchia Realty

JUNE 21, 2022

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.

Housing Market 65

Housing Market Bracketing Marketing Sellers 65

Birmingham Appraisal

FEBRUARY 6, 2024

In this post we’ll discuss average and median sold price, average days on the market (DOM), and months of inventory. The Alabama Center for Real Estate provides helpful charts and statistics from data it gets from The Alabama Association of Realtors. In my last post, I discussed statistics related to supply and demand.

Inventory 76

Inventory Real Estate Sellers Buyers 76

Lamacchia Realty

AUGUST 3, 2021

Though there were several months through winter and spring that it never seemed possible this year, the market is slowly beginning to be less competitive for buyers. But if the home has been available long enough, it’s time to consider adjusting the list price to gain more visibility from more potential buyers.

Bracketing 68

Bracketing Sellers Buyers Inventory 68

Lamacchia Realty

MARCH 12, 2024

As predicted , 2024 has started with low inventory, and mortgage rates have remained relatively stable in the high 6’s and low 7’s. Due to rising rates and home prices that have continued to influence consumer spending, 2023 saw the lowest inventory in recorded history, and in 2024, sellers are still hesitant to enter the market.

Buyers 70

Buyers Inspection Sellers Real Estate 70

Housing Wire

JUNE 8, 2023

It is no secret that housing inventory is low. households earn $75,000 or less, meaning that in a balanced market, 51% of the homes for sale would be affordable to buyers in this income bracket. As income levels increase, however, the disparity decreases between current inventory and the inventory needed for a balanced market.

Bracketing 424

Bracketing Inventory Buyers Realtors 424

Lamacchia Realty

JANUARY 10, 2022

Inventory initially dropped in March 2020 as a result of sellers pausing on listing their homes and that number has stayed extremely low since. Now in 2022, it’s predicted that inventory will continue to stay low and competition will remain immensely high. The tricky part is figuring out how much over asking price.

Sellers 72

Sellers Buyers Inspection Bracketing 72