There are still relatively few
existing homes listed for sale and the small 3.8 - month supply is supporting the recent price increases.
Not exact matches
He and his family decided to keep their
existing home in Sagaponack, which he had
listed for sale in 2007 at just under $ 14 million.
Whether you are relocating from another city, moving just a few blocks away, preparing to
list your
home for sale or you simply want to maintain your
existing residence, a whole
home inspection with The HomeTeam Inspection Service is just a phone call away.
Don't
list your
home for sale without having something in writing from your current lender confirming that you QUALIFY to move your
existing mortgage to a new property.
In addition,
existing -
home sales, which generally account
for 85 to 90 percent of total
home sales, are based on a much larger sample — more than 40 percent of multiple
listing service data each month — and typically are not subject to large prior - month revisions.
This past year has given real estate agents much to be grateful
for: According to NAR,
existing home sales continued to improve in 2012 and in August 2012, the national median price rose year - over-year
for the sixth straight month; Freddie Mac reports 30 - year fixed mortgage rates remain near all time record lows; and homebuyers have more access to
home listings thanks to the mobile app
home search evolution.
Listings in July typically went under contract in under 30 days
for the fourth consecutive month because of high buyer demand, but
existing -
home sales ultimately pulled back as large declines in the Northeast and Midwest outweighed
sales increases in the South and West, according to the National Association of Realtors ®.
The three main types of
listings that buyer's agents should discuss with clients from the start:
existing homes, new construction, and
for -
sale - by - owner
homes, says Monica Neubauer, a real estate professional who teaches the New -
Home Construction and Buyer Representation course, an ABR ® elective.
In periods where the
existing -
home sales series averaged close to a 6 - month supply of
homes in
listed inventory, which is near the low end
for market equilibrium, the
home buyer and seller series showed a median selling time of just over six weeks.
In addition,
existing -
home sales, which account
for more than 90 percent of total
home sales, are based on a much larger sample — about 40 percent of multiple
listing service data each month — and typically are not subject to large prior - month revisions.
Sales of
existing homes fell 1.7 percent from July to August, but NAR mostly blamed the decrease on the limited number of
listings for sale on the market.
The Canadian Real Estate Association offered up the explanation of a shortage of
listings in Vancouver and Toronto
for a 2.1 per cent seasonally adjusted decline in
existing home sales from August to September.
While Aitken acknowledges other options
exist for marketing
homes for sale, she says «they are not adequate substitutes
for an MLS
listing.»
Regionwide, there were 7,024
existing, single - family detached
homes listed for sale across the Bay Area onSept.
«While we have seen much needed increased inventory over the last couple of years, the number of
existing properties being
listed for sale is declining, particularly
for single - family
homes,» said Francisco Angulo, residential president of the Miami Association of Realtors.