Tim Johnson’s Post

Spring shopping season is here, and as the weather and the market begin to heat up, any sellers looking to list might want to think outside the box - literally. Recent Zillow data shows certain backyard features can help homes sell for $10,000 more, while others can help sell faster. Here are the tricked-out home features selling for top dollar: https://lnkd.in/ekgv9GKT

Zillow Saves Part 2. 1400+ saves 5 Days on market. List Price $479,000Our Offer $585,000Sold Price $700,000This is really absurd. I know I know there’s no inventory and the market will reflect what the buyers are willing to pay but we have to wake up and do something quick or the next generation will be paying $1,000,000 for a tear down home. What Is Happening?!#housingmarket #highestandbest #inflation #usfederalreserve #housingmarket2024 #waivedappraisal

It is seductive to take shortcuts and rush to webpages like Zillow, Trulia, or Rentometer to find out the answers. The issue with these sites is that, even though they show estimates, the information is often not current or even wrong since it is based on general or more likely data from a different season. Seasonal swings are usually 10% on average for above average homes in our markets https://lnkd.in/eiXp8XBc

At the beginning of 2024, new listings were up 21% and home values rose 4.2% year-over-year, but to find today’s sellers you need to know where they’re searching. Get the facts about where sellers are finding their agents online and more with the latest Zillow research. https://bit.ly/3WfxD4k

Market Update based on September 2024! Last month, I talked about how we've shifted (at least temporarily) into a buyers market for most of Atlanta. That trend has continued, and at the same time we saw prices rise year over year 3.7% from 410-425k, even with 50% more inventory.  What this means is two things: many sellers are overpricing their homes but when they do sell, it's still for more money than it would've been last year. So the question is, what does it take to sell now? Stats suggest that when considering the list price of a home, it's more important to consider the position of price in relation to other active for sale competition vs. what homes have sold for in the neighborhood in the last 6 months. The best thing to think in this market is, are we set up to be the next house to sell in this community? That is most affected by price and condition. Something else to consider: with this shift of market, zestimates are going to be even more wrong. Feel free to google it, but zillow itself says they are not very accurate. In this transitional market that is based more on active comps vs. history, they will be even more off. If you want an idea of the value of your house, or one you're curious to buy, reach out and I can give you a much more accurate prediction!

Here is the first report in the next cycle of local Zillow forecasts. At the beginning of the year, they predicted that all of the local areas would appreciate 3% to 4%, and by March they raised their optimism into the 5% range. Now they're predicting a 0.7% decrease in value for 92008. All of those gains must have already happened? They think that values will go negative from June to May, apparently. Learn more:

🏡 𝗪𝗵𝘆 𝗭𝗶𝗹𝗹𝗼𝘄 𝗠𝗶𝗴𝗵𝘁 𝗕𝗲 𝗠𝗶𝘀𝗹𝗲𝗮𝗱𝗶𝗻𝗴 𝗬𝗼𝘂 𝗔𝗯𝗼𝘂𝘁 𝗛𝗼𝗺𝗲 𝗩𝗮𝗹𝘂𝗲𝘀 🏡 Did you know Zillow’s Zestimates are often heavily influenced by listing prices on the MLS? Here’s an example: A home valued at $1.2M on Zillow that hasn’t been on the market in years suddenly gets listed for $1.8M. Even if the seller’s price is unrealistic, Zillow will adjust its estimate closer to $1.8M almost immediately. But here’s the kicker: if the home is actually worth $1.1M and sells for that, Zillow’s estimate may have been overstated for weeks or even months. That’s why you need more than automated estimates to understand a property’s true value. Appraisals provide unbiased, data-driven insights—not influenced by wishful thinking or high listing prices. Click on the link for more info!➡️https://lnkd.in/grAR_z9N #appraiser #RealEstateTips #HomeValue #ColdHeartedAppraiser

Texas and Florida metros dominate the best places for buyers in Zillow's new market heat index, securing seven of the top 10 spots. But most of the country's 50 largest metros — and the U.S. at large — favor sellers, according to the latest market report1 from Zillow®. 

There are 22% more homes for sale than there were a year ago. With more sellers entering the market, lower prices could be on the horizon. Zillow Senior Economist Orphe Divounguy breaks down what this means for buyers. Dive into the research: https://lnkd.in/eSm-XUNN #Zillow #HousingMarket

🏡 𝗪𝗵𝘆 𝗭𝗶𝗹𝗹𝗼𝘄 𝗠𝗶𝗴𝗵𝘁 𝗕𝗲 𝗠𝗶𝘀𝗹𝗲𝗮𝗱𝗶𝗻𝗴 𝗬𝗼𝘂 𝗔𝗯𝗼𝘂𝘁 𝗛𝗼𝗺𝗲 𝗩𝗮𝗹𝘂𝗲𝘀 🏡 Did you know Zillow’s Zestimates are often heavily influenced by listing prices on the MLS? Here’s an example: A home valued at $1.2M on Zillow that hasn’t been on the market in years suddenly gets listed for $1.8M. Even if the seller’s price is unrealistic, Zillow will adjust its estimate closer to $1.8M almost immediately. But here’s the kicker: if the home is actually worth $1.1M and sells for that, Zillow’s estimate may have been overstated for weeks or even months. That’s why you need more than automated estimates to understand a property’s true value. Appraisals provide unbiased, data-driven insights—not influenced by wishful thinking or high listing prices. Click on the link for more info!➡️https://lnkd.in/gPjewHT4 #appraiser #RealEstateTips #HomeValue #ColdHeartedAppraiser