Georgia REALTORS®’s Post

Home Prices Fell in July for the First Time—This is Good News for Buyers as the 'Market Is Healing' Realtor.com Median home prices fell in July, marking the first-ever seasonal decline in a month that’s typically a peak time for home sales. The national median list price dipped from $445,000 in June to $439,950 in July, according to a new monthly housing report by Realtor.com. 

The Best week to Buy a Home in 2024 is approaching! According to this article on realtor.com https://lnkd.in/gtgX2qUG This interesting article includes many factors including; 1. Best time to buy a house 2024 2. Housing market trends 2024 3. Real estate forecast 2024 4. Buying a home in 2024 5. Best months to buy a house 6. Real estate market analysis 2024 7. Home buying tips 2024 8. Affordable home buying 2024 9. When to buy a house in 2024 10. Real estate timing strategies 2024 11. Housing market predictions 2024 12. 2024 real estate insights 13. Best season to buy a home 2024 14. Realtor home buying guide 2024 15. Property market forecast 2024

Nearly four in five home sellers who plan to buy a new home are still feeling locked into their current property because of a lower interest rate, according to a recent survey from Realtor.com. More specifically, 79% of prospective sellers indicated that they’re feeling the lock-in effect — not an encouraging figure at face value, but it’s down from 82% in 2023. And nearly four in five home sellers who recently sold their properties feel that they would have been able to take advantage of a hotter housing market. https://lnkd.in/gBKNr6SB

Good news for the housing market! Existing-home sales in November 2024 saw a healthy increase of 4.8% from October, marking the largest year-over-year gain since June 2021. With median home prices rising by 4.7% to $406,100, it's a vibrant time for both buyers and sellers. Despite the growth, the market is still at 75% of pre-COVID levels, indicating room for more recovery. If you're thinking about buying or selling, now might be the moment to act. Dive into the details with the latest report from Realtor.com. #RealEstate #HomeSales #MarketTrend https://lnkd.in/gZktKD9a

Finally, affordable homes are flooding the market. Although home prices hover at a median of $415,500 nationwide, properties within a significantly lower price range have just started inundating the market. The number of homes for sale in the $200,000 to $350,000 range has shot up by 20.6% compared with this same month last year, a recent Realtor.com report has found. This growth spurt in affordable real estate outstrips all other price categories. #mortgagebrokers #mortgagelending #realtors https://lnkd.in/guFRUNyS

Finally, affordable homes are flooding the market. Although home prices hover at a median of $415,500 nationwide, properties within a significantly lower price range have just started inundating the market. The number of homes for sale in the $200,000 to $350,000 range has shot up by 20.6% compared with this same month last year, a recent Realtor.com report has found. This growth spurt in affordable real estate outstrips all other price categories. #mortgagebrokers #mortgagelending #realtors https://lnkd.in/g9DYbQd8

Home buyers in the U.S. are looking at an optimistic mix of increasing inventory and an uptick in price reductions going into the spring season, according to Realtor.com. In March, the percentage of homes with price reductions increased to 15%, and the total number of homes actively for sale grew by 23.5% compared with last March. Across the country, price reductions were up compared with last year.

If you are considering selling your home in the next month or so, now may be a good time, as inventory is still somewhat low. However, Realtor.com says newly listed homes were 15.5% above last year's levels. Which could mean more competition for you. Consult with your Realtor for guidance.

Popular opinion maintains that fall is the best time to buy a home, and Realtor.com actually narrowed the very best timeframe to the period between September 29 through October 5. But is this really the best time for potential home buyers to pull the trigger and purchase a home? #HomeBuyingTips #RealEstateTrends #FallHomeBuying #MarketInsights #FirstTimeHomeBuyer

Looking ahead to 2025, understanding expert projections for the housing market can help you make informed decisions about buying or selling a home.