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Despite lack of supply, existing home sales rise 6.7%

Housing Wire

Homebuyers flocked to what little inventory existed in January, with existing-home sales rising 6.7% annually to $350,000, according to the Friday report from the National Association of Realtors. The supply of homes for sale fell to a record low, down 16.5% from the prior month to a seasonally adjusted annual rate of 6.5

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Pending home sales reach highest May mark in 16 years

Housing Wire

Pending home sales reached its highest mark for the month of May since 2005, up 8% from the previous month of April as low inventory continues driving buyers to snatch up available real estate. ” Contract signings on new homes increased 13.1% ” Contract signings on new homes increased 13.1% year over year. .

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Pending home sales drop, but there’s a silver lining

Housing Wire

in January from December, according to a report from the National Association of Realtors. And inventory shortages are the culprit. But many would-be buyers have also been thwarted by comically low resale inventory, as well as supply chain constraints and escalating materials costs that have made life difficult for homebuilders.

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The evolution of the more productive real estate agent 

Housing Wire

As more and more people enter the real estate industry – membership at the National Association of Realtors has ballooned to a record 1.6 But with rising mortgage rates, still-rising home prices, and record-low levels of inventory, this might be easier said than done. Just how we do contracts now is so much faster. In 2021, 6.12

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Ohio Land for Sale: Is the Market Still Ripe for Growth in 2022?

The Robert Weiler Company

And undeveloped land is increasingly attractive for investors after favorable reports from the Ohio REALTORS®. The sector’s inventory levels, sales volume, and average sales prices indicate that momentum will continue this year. What Does Low Inventory Mean for Ohio Land for Sale? Commercial Land Real Estate Sales.

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HOUSING INTENSITY TO REMAIN HOT DESPITE HEADWINDS

Will Springer Realtor

The industry is prepared for another high-demand, low-inventory year, even if conditions do not quite hit the fever pitch of 2021. With a lack of new inventory to help fill the housing pipeline, inventory was at impossibly low levels. month’s of inventory was available for all of King County homes.