Pro Builder
AUGUST 9, 2022
Homebuyers Brace for Big Changes Ahead as Inventory Climbs and Sellers Slash Prices. metros climbed 41% in July, especially in popular cities like Phoenix, Austin, and Raleigh, where inventory rose 158.7%, 154.5%, and 137.5%, respectively. Tue, 08/09/2022 - 10:15. Here's what that might mean for prospective buyers.
Pro Builder
JANUARY 12, 2023
Sidelined buyers who have been waiting for price reductions and a boost in for-sale inventory may find opportunities for homeownership in 2023. Active inventory of homes for sale was up 55% in December 2022, and of those active listings, 14% saw their prices slashed at the end of the year. Raleigh, N.C. from last December.
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Pro Builder
JUNE 29, 2022
days before closing, and warmer areas like Raleigh are seeing similarly speedy sales, says Realtor.com. Low inventory has been an issue in the market, says Matt Fowler, executive director of Triangle MLS. So there’s less inventory visible, but you can [still] find and buy a house.”. months of housing inventory to work through.
Pro Builder
JULY 6, 2022
Inventory is climbing, too. The biggest jumps in listings were in markets like Raleigh and Charlotte in North Carolina and Nashville on a month-over-month basis. In Provo, Utah, nearly half of all homes for sale experienced price drops in May, while 46% of homes in Salt Lake and 44.2% Realtor.com data from June noted a 18.7%
Pro Builder
JANUARY 24, 2023
The Top 10 Real Estate Markets of 2023 Are All Located in the South ldeakins Tue, 01/24/2023 - 11:45 These popular southern homebuying destinations offer robust job markets and a rising inventory of affordably priced homes The U.S. A fast-growing tech hub with low unemployment, Raleigh has seen home prices increase by almost 30% since 2020.
Pro Builder
AUGUST 20, 2021
There’s rebalancing in the for-sale market as well with inventory increasing for the third consecutive month and home value growth slowing in many of the largest markets. Inventory Rebound Continues. For-sale inventory, while still down 27.6% If there had been no pandemic, Zillow predicted rents would be 2.9% Read More. .
Pro Builder
APRIL 16, 2021
That’s even lower than this past February when inventory fell 48.6%. Since Austin is the best market in the country it’s no surprise inventory declined there 72.7% Other metros with strong declines included Jacksonville, Florida down almost 71%, and Raleigh, North Carolina where homes for sale fell 70.3%. from last March.
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