An almost daily update on the housing market. Tristan talks about trends, rates, data research, inflation, recession, and everything in between so you can have a better picture of where the real estate market is and how to adjust.
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An almost daily update on the housing market. Tristan talks about trends, rates, data research, inflation, recession, and everything in between so you can have a better picture of where the real estate market is and how to adjust.
Homebuyer competition drops to the lowest level since 2020, yet sold prices go up!
America’s Real Estate Show
8 minutes 24 seconds
3 years ago
Homebuyer competition drops to the lowest level since 2020, yet sold prices go up!
Homebuyer competition drops to the lowest level since 2020. The top three areas that now have lower competition according to Redfin Data are Tampa, Riverside, and Phoenix.
The list-to-sell ratio is still high in many areas, over 100% although we have seen price cuts all throughout the housing market across the United States. Let's see what the numbers say for each of these areas.
Articles I talked about and usedRedfin Data on the home competition in the United States. Homebuyer Competition Drops to Lowest Level in Over Two Years.https://www.redfin.com/news/real-estate-bidding-wars-june-2022/
List/Sell Ratio and what does it meanhttps://www.beverly-hanks.com/blog/what-is-a-list-to-sell-ratio-and-what-does-it-tell-a-homebuyer-or-seller/
List/Sell Ratio stats over the yearshttps://www.statista.com/statistics/1242369/home-sale-to-list-price-ratio-usa/
The Median Sale Price is up againhttps://www.nar.realtor/newsroom/existing-home-sales-slid-5-4-in-june
The Median Home Price for existing homes sold is up.https://www.cnbc.com/2022/07/20/june-home-sales-fall-5point4percent-from-may-as-prices-set-yet-another-record.html
#TristanAhumada #RealEstate #Crash #Bubble #Economy #Inflation #RealEstate2022 #RealEstateAgents
America’s Real Estate Show
An almost daily update on the housing market. Tristan talks about trends, rates, data research, inflation, recession, and everything in between so you can have a better picture of where the real estate market is and how to adjust.
