The story of metro Atlanta’s housing market for the past couple years has been a shortage of supply, soaring prices and persistently high interest rates straining buyers and constraining sellers. The most recent sales data for the month of May show that supply is growing. High prices and high borrowing costs mean homes are staying on the market a little longer. Meanwhile, more sellers seem ready to list their homes. Here are four things the latest housing market data are telling us about the metro Atlanta market: https://lnkd.in/e7DEu-Ms
Atlanta Journal-Constitution’s Post
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🏡 Orange County Housing Update: Low demand levels do not mean that the market is not exceptionally hot. Today’s Expected Market Time (the number of days to sell all Orange County listings at the current buying pace) is 40 days. At 40 days, buyers compete, bidding wars are the norm, and home values are rising. This occurs with a scarcity of supply, which is precisely what the housing market is experiencing today. If you have questions about the current real estate market, please feel free to reach out! #WalkerRealEstateGroup #VictoriaCohenRealtor #VictoriaCohenHomes #VictoriaCohenHome #SoCalRealEstate #ColdwellBankerRealty
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Why It’s Still a Seller’s Market Today Even though activity in the housing market has slowed from the frenzy that was the ‘unicorn’ years, it’s still a seller’s market because the supply of homes for sale is so low. But what does that really mean for you? And why are conditions today so good if you want to sell your house? The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still astonishingly low. Housing inventory is measured by the number of available homes on the market. It’s also measured by months’ supply, meaning the number of months it would take to sell all those available homes based on current demand. In a balanced market, there’s usually about a six-month supply. Today, we have only about 3 months’ supply of homes at the current sales pace As Lawrence Yun, Chief Economist for NAR, says: “There are simply not enough homes for sale. The... #Bgroup #Prescott #Realtor #Homes #Smart
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🏠𝗡𝗼𝗿𝘁𝗵𝗲𝗮𝘀𝘁 𝗙𝗹𝗼𝗿𝗶𝗱𝗮 𝗠𝗮𝗿𝗸𝗲𝘁 𝗨𝗽𝗱𝗮𝘁𝗲📈 In Jacksonville, Florida, as of July 8, 2024, the Northeast Florida housing market shows signs of slowing, likely due to rising interest rates. Although the median price of single-family homes increased by 1.3% to 405,000, other indicators suggest market stabilization as buyers begin to feel the impact of interest rates hovering around 7%. This trend indicates that the market may be adjusting to the new financial conditions, potentially leading to more balanced dynamics between buyers and sellers. Source: https://cstu.io/b24488
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Why It’s Still a Seller’s Market Today Even though activity in the housing market has slowed from the frenzy that was the ‘unicorn’ years, it’s still a seller’s market because the supply of homes for sale is so low. But what does that really mean for you? And why are conditions today so good if you want to sell your house? The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still astonishingly low. Housing inventory is measured by the number of available homes on the market. It’s also measured by months’ supply, meaning the number of months it... #scottsdalerealestate #livinginscottsdale #phoenix
Why It’s Still a Seller’s Market Today
simplifyingthemarket.com
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Today’s Housing Market Has Only Half the Usual Inventory [INFOGRAPHIC] There are only about half the number of homes for sale compared to the last normal years in the market. That means buyers don’t have enough options right now. So, if you work with an agent to list your house, it should be in the spotlight. If you're thinking of selling, DM me so your house can stand out while there’s such a shortage of supply and buyers are craving more options. #sellyourhouse #moveuphome #dreamhome Team Healy 630-730-1382 Let's connect. #teamhealyrealtors #bairdwarner #realestateagent
Today’s Housing Market Has Only Half the Usual Inventory [INFOGRAPHIC]
simplifyingthemarket.com
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Today’s Housing Market Has Only Half the Usual Inventory [INFOGRAPHIC] There are only about half the number of homes for sale compared to the last normal years in the market. That means buyers don’t have enough options right now. So, if you work with an agent to list your house, it should be in the spotlight. If you're thinking of selling, DM me so your house can stand out while there’s such a shortage of supply and buyers are craving more options. #sellyourhouse #moveuphome #dreamhome Text or call 832-552-6169 #Owens2Own #JLARealty
Today’s Housing Market Has Only Half the Usual Inventory [INFOGRAPHIC]
simplifyingthemarket.com
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🏡 Orange County Housing Update: Low demand levels do not mean that the market is not exceptionally hot. Today’s Expected Market Time (the number of days to sell all Orange County listings at the current buying pace) is 40 days. At 40 days, buyers compete, bidding wars are the norm, and home values are rising. This occurs with a scarcity of supply, which is precisely what the housing market is experiencing today. If you have questions about the current real estate market, please feel free to reach out! #WalkerRealEstateGroup #DanieleSmithRealtor #SoCalRealtor #ColdwellBankerRealty #OCHousingMarket #OCHousingUpdate
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Today’s Housing Market Has Only Half the Usual Inventory [INFOGRAPHIC] There are only about half the number of homes for sale compared to the last normal years in the market. That means buyers don’t have enough options right now. So, if you work with an agent to list your house, it should be in the spotlight. If you're thinking of selling, DM me so your house can stand out while there’s such a shortage of supply and buyers are craving more options. #sellyourhouse #moveuphome #dreamhome MESSAGE ME if you'd like to talk the current market in your area!
Today’s Housing Market Has Only Half the Usual Inventory [INFOGRAPHIC]
simplifyingthemarket.com
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Even though activity in the housing market has slowed from the frenzy that was the ‘unicorn’ years, it’s still a seller’s market because the supply of homes for sale is so low. But what does that really mean for you? And why are conditions today so good if you want to sell your house? The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still astonishingly low. Housing inventory is measured by the number of available homes on the market. It’s also measured by months’ supply, meaning the number of... #sellyourhouse #moveuphome #dreamhome Office: (615) 760-5393 | Keller Williams® Realty: (615) 425-3600
Why It’s Still a Seller’s Market Today
simplifyingthemarket.com
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