According to one, home sellers are now far beyond home buyers in the United States, which indicate a change in the buyer’s market. Analysis Released on Thursday Real Estate Brokerage Redifon. Sellers added more than 33.7 % of buyers in April, representing the difference between 490,041 people.
The Redfin estimates that in April there were about 1.9 million domestic sellers and 1.5 million domestic buyers in the United States. This is the highest number of household sellers since March 2020.
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“On any other occasion of records starting in 2013, sellers have not kept a higher number or percentage than buyers,” the analysis states. A year ago, the sellers reduced the buyers by 6.5 % smaller.
The Redfin estimates that 31 of the 50 most populous metropolitan areas are markets, where the seller has increased the number of at least 10 % of the buyers in April. The largest buyer’s market in the United States is Miami, Florida, where 197 % more sellers than buyers, with an average domestic sale of $ 574,696. Other buyers’ markets include Austin, Texas. Phoenix, Arizona; And Nash Will, Tennessee. In New York’s Tony Hampton, the summer renters are 30 % down For the same time in the past.
Nevertheless, Redfin predicted that home prices will only decrease by 1 % year by year by the end of 2025 as “it is really difficult to reduce domestic prices, unless the seller has to sell,” Told Cnn.
Domestic Prices Recently Standing for It 22nd month. According to data released last week National Association of RealttersMedium -home sales prices increased by 1.8 % to $ 414,000 last month. The prices reported from northeast and Midwest increased, while prices fell in the south and the west. Meanwhile, from March to April, the number of home sales decreased by 0.5 %.
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Mortial rates are also raised, which plays an important role in the overall price of being home. The average rate for 30 -year -old fixed rate mortality 6.94 % At the time of writing, according to the bankrupt, more than doubled Record-low 2.65 % In January 2021, the epidemic arrived.
Where is this seller’s market still?
The strongest seller’s market was Nevarak, New Jersey, which was estimated at 5,200 sellers and about 10,000 buyers in April.
Last month, domestic prices in the area increased, with the city’s mid -house sales reaching $ 622,545 to 12.2 percent from one year.
Other sellers’ markets include NASA County, New York. New Burnsk, New Jersey; And Providance, Rhod Island.
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According to one, home sellers are now far beyond home buyers in the United States, which indicate a change in the buyer’s market. Analysis Released on Thursday Real Estate Brokerage Redifon. Sellers added more than 33.7 % of buyers in April, representing the difference between 490,041 people.
The Redfin estimates that in April there were about 1.9 million domestic sellers and 1.5 million domestic buyers in the United States. This is the highest number of household sellers since March 2020.
Related: According to a new report, it is how much you need to earn every year to buy a normal home in the United States
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