Existing home sales fell to a 2.5-year low in July as a larger number of buyers either found themselves priced out of the market or decided to take a wait-and-see approach in case home prices dropped.
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· A quarter of homes in US sold above list price in 2017. by Chase Conner January 12, 2018. Home sales in 2017 showed nearly one-quarter (24.1 percent) of buyers paid more than the asking price, netting sellers an additional $7,000 on average over their initial offering price.
and shows you how dependent this market now is on (a) the distressed sale in existing homes and (b) the taxpayer handout in new homes Sales of homes to entry level and first move-up buyers represented.
Chicago area home prices up 14 percent in October The median list price per square foot in Chicago is $259, which is higher than the chicago-naperville-elgin metro average of $171. The median price of homes currently listed in Chicago is $349,000 while the median price of homes that sold is $289,800.
Buoyed by Californians moving to Las Vegas in greater numbers and a strong economy, the luxury resale and new home market shows no signs of slowing, and brokers and builders are expecting that trend to continue for the rest of the year and into 2019.. The rest are local move-up buyers and.
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Las Vegas homebuilders are fetching record prices, with buyers writing checks not seen since the bubble years. But sales totals still are nowhere near their peaks – and it seems no one expects.
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5 housing takeways: What should you expect from home sales in 2019?. of potential move-up buyers will decide to stay in their existing home.