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Median home prices, new listings move higher in Florida

Housing Wire

The hope is that a potential cooling of interest rates will contribute to a stronger market in 2024, according to Florida Realtors President Gia Arvin, a broker-owner with Matchmaker Realty in Gainesville. “New listings of single-family homes were up 16.7% ” Closed sales of single-family homes grew 0.6%

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Rising insurance costs, ample inventory create a unique market in Southwest Florida

Housing Wire

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I We are seeing a healthy increase in inventory, which we really needed.” Smith attributes the uptick in inventory to a bump in new listings. It is very busy.

Insurance 382
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“It seems impossible:” Bergen County, NJ’s housing market is vexing agents and buyers

Housing Wire

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At Even if we get more listings, it is not going to be enough for people.

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Buyers are struggling to compete in the white-hot Cincinnati market

Housing Wire

“I called the listing agent and it was listed three hours ago, but it was sold,” the Cincinnati, Ohio -based eXp Realty agent said. “We There is no way you can stay on top of things unless you hire someone to watch new listings pop up every 10 minutes. We are going to see an increase in inventory.

Buyers 395
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Indiana’s housing market is primed to bounce back in 2024

Housing Wire

We were up year over year in inventory , but we were at a 25 year low on new listings.” From a seller’s standpoint it may make a bit more sense to sell now, so we are creating some more inventory and buyer are taking advantage of lower rates and more stable home prices.” According to Altos Research, as of Feb.

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When it comes to home sales, August is the new May, keeping agents busy into the fall

Housing Wire

As new contract signings are outpacing new listings due to low inventory, properties sold typically within 26 days in the four weeks leading up to August 2, NAR said. Since homebuying season was pushed back from this spring, realtor.com ’s Housing Market Recovery Index reported that August is the new May.

Agents 544
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No seasonal slowdown this year as real estate agents report a busier-than-usual fall

Housing Wire

“There’s a lot of homeschooling going on in this hybrid world, and it’s difficult,” Realtor Vesna Kanacki with Century 21 Full Service Realty in New City, New York, told HousingWire. There were nine new pending contracts for every 10 new listings, a slower rate than the 9.9