Average days on market drops to lowest level in 8 years: Trulia

Temperatures aren’t the only thing heating up this summer. List-to-sale times are blazing, much like they have been for the past few years — on average, homes are being sold within 64 days, down from 77 days in April 2017.

Get Ready for the Rush: Homes Were Snapped Up in 2017

If 2017 is any indication, buyers will be against an all-out frenzy this spring and summer. In 2017, the median listing was snatched up in 81 days—a record, according to data from Zillow. Competition was fiercest in June, with 73 days on-market for the median listing. (Closings are included in the timeline.) In almost every […]

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Buyers Flocking to ‘Harshest’ Market Yet

The climate is gradually moving toward spring-like temperatures…but it is burning up in housing, with prices rising 8 percent year-over-year, according to a new realtor.com® report. The climb in March sent the median list price to $280,000—above the prior record $275,000 from July 2017. Based on data from realtor.com, there were 1.29 million March listings […]

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Buyers Flocking to ‘Harshest’ Market Yet

The climate is gradually moving toward spring-like temperatures…but it is burning up in housing, with prices rising 8 percent year-over-year, according to a new realtor.com® report. The climb in March sent the median list price to $280,000—above the prior record $275,000 from July 2017. Based on data from realtor.com, there were 1.29 million March listings […]

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What happened to the luxury market in 2017?

Although inventory at the luxury level has remained robust in the midst of a shortage at the mid- and lower- priced tiers, realtor.com says that didn’t translate into extra sales during 2017. In fact, the average luxury property stayed on the market for 116 days — a 5.3 percent year-over-year increase from …

What happened to the luxury market in 2017?

Although inventory at the luxury level has remained robust in the midst of a shortage at the mid- and lower- priced tiers, realtor.com says that didn’t translate into extra sales during 2017. In fact, the average luxury property stayed on the market for 116 days — a 5.3 percent year-over-year increase from …

Trulia: Limited Listings, Limited Window

Housing markets most squeezed by inventory shortages in recent years are seeing listings come off the market in record time. The recently released Trulia® Inventory and Price Watch identifies an ongoing trend in the housing market: the more inventory declines, the less time homes spend on the market. Supply kept falling in the second quarter […]

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Prepare for a Real Estate Rush This Spring

Homebuyers this spring will meet out-of-this-world prices and unsparing competition—a real estate rush. According to Clear Capital’s recently released Home Data Index (HDI) Market Report, the national median days on market is 43 days, down from an 85-day stretch seen in January 2012. Days on market in Denver, Colo., Lincoln, Neb., and Raleigh, N.C., are […]

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The Top 10 Suburbs Leading the Spring Home-Buying Season

House hunters faced with limited affordable housing prospects in urban areas are spreading their search to the suburbs—in fact, a solid 50 percent of homebuyers are taking to suburban areas this spring, according to a recent analysis by realtor.com®, with 10 outposts rising to the top of the ranks. “Suburbs are traditionally viewed as meccas […]

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Should days on market be factored into a home’s value?

There are many factors that a contribute to a home’s attractiveness: location, architectural style, amenities, etc. There is one; however, that has no bearing on a home’s future viability or intrinsic value: days on market …