{"id":5531,"date":"2021-09-02T15:07:07","date_gmt":"2021-09-02T20:07:07","guid":{"rendered":"https:\/\/nwfl4sale.com\/more-sellers-listing-homes-as-buyers-seem-to-hesitate\/"},"modified":"2021-09-02T15:07:07","modified_gmt":"2021-09-02T20:07:07","slug":"more-sellers-listing-homes-as-buyers-seem-to-hesitate","status":"publish","type":"post","link":"https:\/\/nwfl4sale.com\/more-sellers-listing-homes-as-buyers-seem-to-hesitate\/","title":{"rendered":"More Sellers Listing Homes as Buyers Seem to Hesitate"},"content":{"rendered":"
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Realtor.com got 18K more new listings in Aug. 2021 than it did in Aug. 2020 \u2013 and more were affordable, entry-level homes. Realtor.com\u2019s economist says it\u2019s still a seller\u2019s market, but a well-priced home might get 3 bids now compared to the 10 it would have received in 2020.<\/span><\/span><\/p>\n<\/div>\n SANTA CLARA, Calif. \u2013 August housing data shows early signs of sellers beginning to compete for buyers, according to realtor.com\u2019s monthly housing report. It says inventory, while still down year-to-year (25.8%), is still down less than it was just one month earlier (33.5%). The researchers also noted an increase in the rate of sellers making price adjustments.<\/span><\/span><\/p>\n In August, new listings rose 4.3% year-to-year as new sellers continued to list entry-level homes in more affordable price ranges. The share of sellers who made listing price adjustments grew 0.7% year-over-year to 17.3% of active inventory \u2013 the highest share in 21 months and closer to typical 2016-2019 levels.<\/span><\/span><\/p>\n \u201cLow mortgage rates have motivated homebuyers to endure this year\u2019s challenging market, and now some buyers are starting to see their persistence pay off,\u201d says realtor.com Chief Economist Danielle Hale. \u201cThis month, new sellers added more affordable entry-level homes to the market compared to last year, while others began adjusting listing prices to better compete with an uptick in inventory.\u201d<\/span><\/span><\/p>\n Hale says it\u2019s still a seller\u2019s market \u2013 homes sell quickly and at record-high prices \u2013 but now \u201ca home priced well and in good condition may see two or three bids compared to 10 last year. For sellers not seeing as many offers, it may be worth revisiting pricing strategies as buyers continue searching for homes that fit their budgets.\u201d<\/span><\/span><\/p>\n Realtor.com includes four Florida metro areas in its study, and the results are mixed. Active listings on realtor.com\u2019s website are down in all four year-to-year:<\/span><\/span><\/p>\n However, the number of new listings in August rose in two metros, up 2.8% in Jacksonville and up 8.6% in the Tampa area, even as they fell year-to-year in Miami, down 10.2%, and Orlando, down 2.3%.<\/span><\/span><\/p>\n About one in five sellers reduced their prices in three of the four metros, realtor.com claims, but closer to one in 10 in Miami:<\/span><\/span><\/p>\nFlorida market changes on realtor.com\u2019s website<\/span><\/span><\/h3>\n
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Other findings in realtor.com\u2019s monthly study for August<\/span><\/span><\/h3>\n
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