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Luxury housing market inspires ‘total frenzy’ in vacation boom towns

Housing Wire

In the third quarter, luxury home sales jumped 41.5% , the biggest year-over-year shift since 2013, according to Redfin. And while real estate agents repping luxury homes aren’t seeing as many bidding wars as they did this summer , their respective housing markets are still crazy right now. 1, and runs through May 1. “We’ve

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Sales of luxury homes skyrocket in first quarter

Housing Wire

When looking at the largest markets in the U.S., the biggest increase in luxury-home sales in the first quarter was Miami, with sales up 101.1% Lack of inventory , a national housing issue following the onset of the pandemic, isn’t an issue for luxury homes. from a year earlier.

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While the Austin housing market isn’t sizzling, agents say it is still warm

Housing Wire

It is nearly April, which means temperatures in the Austin metropolitan area are heating up — and so is the housing market. Additionally, Austin’s median list price has remained stable even as inventory has risen drastically from the troughs it reached in the spring months of 2021 and 2022.

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Agents in Illinois grapple with the state’s housing inventory shortage

Housing Wire

Despite the population decline, Illinois’ housing market remains relatively strong. The state has an Altos Research Market Action Index score of 44, which is above the national score of 39. Altos considers anything above 30 to be indicative of a seller’s market. It’s depressing,” Laricy said of the downtown market.

Inventory 429
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5 Contingencies You Should Never Remove When Buying a House

Realtor

In our current seller’s market, the national inventory of active listings is down 43.1% year over year, according to the Realtor.com June 2021 Housing Market Trends Report. Getty Images Buyers, we know it’s hard out there for you right now.

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WILL WAR IN UKRAINE IMPACT OUR HOUSING MARKET?

Will Springer Realtor

Without their spirit to rebuild, our thinning housing inventory would be more dire than it is today. Condo inventory is not much better. Perhaps the city will want to rezone the property to open the possibilities to commercial/retail and multi-family buildings in an effort to increase the number of residents. There is 0.6

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How to Sell Your House Fast in Chicago with Targeted Updates and Spot-on Pricing

Chicagoland Appraisal Blog

“Given that these properties take a lot longer to sell and there aren’t nearly as many luxury buyers in Chicago, there is no room for error when you are pricing and showing a luxury property or you may be sitting on the market for a very long time.”. Chi-town curb appeal: How to charm buyers at first sight.