Music To Your Inbox 22.8.12

2 years ago
27

Hi to all my Realtor friends!
Don't you love this business (most days)?

THIS WEEKEND
I love jumping in on the weekend, especially when a buyer says...
"Do I really need to give your mortgage bloke all my paperwork now?"
FAST Pre-Approvals for the ill-prepared buyer who just saw a house and fell in love at first sight.
(Please allow a 1-2 hour response time due to the fact I'll be having a weekend "fake-ation" where the signal is dodgy!)
Texting me "911" works best!

DATA SALAD JULY 2022
The national inventory of active listings increased by 30.7% over last year, a record-high growth rate.
The total inventory of unsold homes, including pending listings, increased by just 3.5% year-over-year due to a decline in pending inventory but has increased for the first time since September 2019.
Sellers paused in July, as newly listed homes declined by 2.8% on a year-over-year basis.
The median list price grew by 16.6% in July, supported by slowly adjusting seller expectations and a bigger share of larger homes being listed. However, signs of softening price growth are present in a decelerating growth rate and a rising share of price reductions.
Time on market was 35 days, just two days less than last year but 26 days less than typical pre-pandemic levels.

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