All articles tagged with #inventory increase
Two Hamptons zip codes, Bridgehampton and Water Mill, rank among the most expensive in the US, with median listing prices of $8.495 million and $6.845 million respectively, and inventory in the area is rising.
The US housing market is showing signs of a slowdown with falling home prices, rising inventory, and increased concessions from sellers, driven by higher mortgage rates and economic uncertainty, signaling a potential shift towards a more balanced or challenging market environment.
The residential real estate market in Charlotte County, Florida, has reached a balance in September as inventory increased and prices stabilized. Sales for single-family homes, condos, and townhomes were higher compared to August, with the year-over-year increase attributed to the impacts of Hurricane Ian. Sellers are receiving offers close to their asking price, and there has been a significant increase in new listings. The median price for single-family homes decreased slightly, while the median sale price for townhomes and condos increased. Cash buyers accounted for a significant portion of sales, and the time to sell has increased compared to the previous year. Overall, there is a higher supply of inventory in the market.