20 min listen
1258 - More Homes Are for Sale but the Market Remains at a Standstill—When Will Demand Come Back? By Moriah Costa
1258 - More Homes Are for Sale but the Market Remains at a Standstill—When Will Demand Come Back? By Moriah Costa
ratings:
Length:
10 minutes
Released:
Mar 25, 2024
Format:
Podcast episode
Description
After a winter slump, the real estate market is starting to look a little brighter in time for spring. More homes are entering the market, and buyers are starting to consider buying again after staying on the sidelines, according to the latest numbers from Redfin.
For the four weeks ending March 3, new listings were up 13%, the biggest increase in three years. That uptick helped bring the total number of homes for sale up 1.7%, marking the first time in eight months that supply has increased. Meanwhile, asking prices had their smallest increase in two months, with around 5.5% of home sellers dropping their asking price.
Learn more about your ad choices. Visit megaphone.fm/adchoices
For the four weeks ending March 3, new listings were up 13%, the biggest increase in three years. That uptick helped bring the total number of homes for sale up 1.7%, marking the first time in eight months that supply has increased. Meanwhile, asking prices had their smallest increase in two months, with around 5.5% of home sellers dropping their asking price.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Released:
Mar 25, 2024
Format:
Podcast episode
Titles in the series (100)
740 - Are You Charging Below-Market Rent? Here’s How to Get Out of It by Andrew Syrios by BiggerPockets Daily