10/16/2024
Real Estate Activity for 10/8/2024-10/14/2024!
New Listings are up 10.5% over last year!!
2024- 3,058 new listings
2023- 2,767 new listings
Pending Listings are down -2% from last year!
2023- 1,800 pending listings
2024- 1,764 pending listings
Off-Market Listings are up 8.2% from last year!
2023 - 1,514 Off-Market Listings
2024 - 1,638 Off-Market Listings
Closings are up 9.9% from last year!!
2023 - 1,282 closed transactions
2024 - 1,409 closed transactions
Showings are up 5.2% from last year!!!
2023 - 31,299 showings
2024 - 32.925 showings
HAR Listing Views (Online and App Views)
2023 - 7,020,615 views
2024 - 8,926,177 views
Open Houses Held this week were 7,719 both In-Person and Virtual.
What does this even mean?
The market has turned! With more properties currently available buyers have greater options to select properties that more closely match their requirements. Pending listings will naturally have a slower bounce-back rate as prospective buyers start getting more information from marketing activities.
Off-market listings are higher than they were this time last year. This is a result of sellers withdrawing their properties from the market. During times of market fluctuation sellers may find it beneficial to remove their property from the market for any number of reasons. While we hate to see these properties leave the marketing domain, we are hopeful that they will return with a fresh marketing approach.
Home purchasers are actively purchasing homes at a greater rate than they were this time last year. With interest rate reductions and further reductions on the horizon, we expect this number to continue to climb. Don't let the holidays fool you, we are selling homes every day of the year. Buyers often find it to their benefit to close on their home purchase before the end of the year, as they will get a higher tax credit from the seller, as sellers are responsible for paying the property taxes for the time they owned their home. This means that from January 1 to the day of closing the seller is often responsible for paying, or crediting the amount they owe to the buyer to pay at the end of the year. Huge bonus for buyers, but not so good for sellers. However, the results will be switched when homes close after the first of the new year.
We track all showings that are scheduled through the MLS. This means we can pinpoint which properties are hotter than the rest. My sellers have added benefit from this showing report when it comes to pricing their homes comparatively.
Views to HAR's property profiles are way up! You read that correctly, that's 8 million 9 hundred 26 thousand 1 hundred 77 total property views.
Using a skilled real estate specialist isn't about putting a pretty face on a sign, it's about hiring a skilled marketing specialist who can report on current market conditions, assist you in negotiations, and guide you through the twists and turns of the home sales/purchase process.
Reach out today! You'll never find what you're looking for when all you ever hear is what you want. True satisfaction is knowing you worked with a professional who helped guide you to your dream home! With 81,445 Properties Available today, we'll find your perfect home sooner rather than later!
See all of our nearby houses for sale and property listings on Alex Stroud’s websites. Start your home search here with open house and neighborhood!
