Archive for July 2024
MARKET PULSE – New home sales up, prices down
New homes sold during the first half of this year were up by 41%, and the sales price was down 3.7% from last year. At the end of June 383…
Read MoreRealtors prove their worth in chaotic markets
The NETAR region’s mid-year housing market report affirmed that the last half of 2024 is going to be chaotic. Home sales slumped 20% in the traditionally strongest month of the…
Read MoreJune pending home sales flat
June’s pending sales were flat on the heels of a 20% decline in home sales. Sellers accepted 796 new contracts, one fewer than the previous month, and 42 more than…
Read MoreMARKET PULSE – June’s top sale was $4.2 million cash deal in Butler
A $4.2 million cash sale in Butler’s Horseshoe Cove was the region’s 36th $1 million plus sale in June. It also tops the luxury home sales category so far this…
Read MoreNew rule takes effect August 17
The National Association of REATORS®, state and local Associations are getting out the word that beginning August 17, 2024, an MLS Participant “working with” a buyer will be required to…
Read MoreMARKET PULSE – Move-up and luxury markets run out of steam in June
June was a perfect storm of sorts for Tri-Cities area home sales. They posted their biggest loss so far this year. They were down a little better than 20% from…
Read MoreJune home sales in a slump, prices flat
BY MICHELLE DAVIS June temperatures were hot – home sales were not. They were 22.8% off May’s pace and 20% behind this time last year. Prices also declined just enough…
Read MoreMARKET PULSE – Mobile home sales up in June
June was not a very good month for single-family detached home sales, but the same was not the case for mobile homes. There were 44 sales, and the median sales…
Read MoreSmile at a showing; you might be on camera
Back during the early days of unscripted TV, ‘Candid Camera’ was a hit. The format was simple. It showed people who had been secretly filmed in funny or embarrassing situations.…
Read MoreMARKET PULSE – Months of inventory dynamics stagnate
One of the most valuable housing market metrics is months of supply. That’s the number of months it would take to sell all the homes currently for sale, given the…
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