market update: Existing Home Sales Point Toward a Good Time to Sell
- 08/02/19 10:31 AM
Existing Home Sales dropped 1.7% from May to a seasonally adjusted annual rate of 5.27 million in June. Low inventory levels are still a factor in the market. The current supply of homes for sale is at 4.4 months, which is less than the optimal 6-month supply. Median home prices were up 4.3% from June 2018, hitting $285,700. This marked the 88thconsecutive month with year-over-year price gains. … (0 comments)
market update: How's the Real Estate Market? Find Out What the Experts Are Saying
- 06/01/17 07:44 AM
As we head into summer, it is a great time to review how the 2017 real estate market is doing so far. Here is what the experts are saying: Doug Duncan, Fannie Mae Chief Economist“Positive demographic factors should continue to reshape the housing market, as rising employment and incomes appear to be positively influencing millennial homeownership rates.” Diana Olick, CNBC“Even as more homes come on the market for this traditionally popular sales season, they're flying off fast, with bidding wars par for the course. Home prices have now surpassed their last peak, and at the entry level, where demand is highest, sellers are firmly in … (0 comments)
There has been concern about the diminishing supply of housing inventory and how it is impacting the real estate market. The situation might be about to change dramatically according to a recent survey by Lending Tree. The survey revealed three interesting findings. Of those surveyed: 1. 63% have a positive outlook on the economy this year. 2. 69% have a positive outlook on housing this year. 3. 71% said they are considering selling their home this year. While the first two findings are good news, the third was rather … (0 comments)
New Listings - 45 Average Price - $152,300 - Average Price Per Sq. Ft. $86 New Contracts - 29 Average Price - $94,200 - Average Price Per Sq. Ft. $71 - Avg Days on Market - 144 New Closings - 29 Average Price - $116,700 - Average Price Per Sq. Ft. $65 - Avg Days on Market - 121
Total Number of Active Listings Now in Cuyahoga … (1 comments)
New Listings for January: 64 new listings. 14 were bank owned. 4 were listed as short sale properties. 80% of the listings were priced below $150,000.
New Pending Sales for January: 24 New pendings. 11 were bank owned. 4 were listed as short sale properties. 96% of the new pending sales were priced below $150,000.
New Closed Sales for January: 26 New closed sales. 12 were bank owned. 1 was listed as a short sale. 85% of the new sales were below $150,000. … (0 comments)
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