Morley on LinkedIn: June 2024 Nassau & Paradise Island Market Report (2024)

Whether you’re thinking of buying or selling a home/property or just like to stay up to date on the real estate market, you need locally sourced, real data to keep you informed. Where do you find it?Right here. We’ve compiled info you need to know on the Nassau and Paradise Island markets in an easy-to-understand snapshot.You’ll find the number of new listings, median sales price, and more in our May Market Report.https://lnkd.in/ej7qD8YY

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🏡 Even though activity in the housing market has slowed from the frenzy that was the 'unicorn' years, it's still a seller's market because the supply of homes for sale is so low. 🌆 But what does that really mean for you? And why are conditions today so good if you want to sell your house? 🤔📊 The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still astonishingly low. Housing inventory is measured by the number of available homes on the market. It's also measured by months' supply, meaning the number of months it would take to sell all those available homes based on current demand. In a balanced market, there's usually about a six-month supply. 📈🏠 Today's seller's market sets you up with a big advantage when you sell your house. Because supply is so low, your house will be in the spotlight for motivated buyers who are craving more options. Let's connect so you understand what's happening in our local area as you get ready to enter the market. 🏘 #RealEstate #SellerMarket #SoCalLiving 🌴

Don't Miss Out on Housing Market Insights: Stay Informed about Available Homes. Planning a move? Understanding the current supply of homes for sale is essential for both buyers and sellers. Seasonality, with peak activity in spring, affects the market, resulting in an influx of new listings. However, new listings tend to decline in the latter part of the year due to a slower pace of sales. For detailed data on this, check the link below from Keeping Current Matters.https://lnkd.in/gtUmPkexKristine FineREALTORKristine Fine & Associates(310) 384.9047kristinefineRE@gmail.comREMAX

In Collin County, the real estate market reveals mixed indicators. The median home price is $500,000, and active listings have risen by 3.6%. While closed sales show a noteworthy 9% increase, the average days on the market is 41, suggesting a relatively swift property turnover. The inventory stands at 2.5 months, indicating a balanced supply and demand in the area. These statistics provide a snapshot of the current state of the real estate market in Collin County.

Andover, MA v. North Andover, MA: April 2024 Real Estate Trends - Andover, MA & North Andover, MA saw single-family home and condominium median prices rise in April 2024. That's where the similarities end. Learn more. https://hubs.la/Q02z1c6W0

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Ottawa's real estate market in November continues its transition from a Sellers' market to a more balanced market, as the number of homes sold during the month of November was 30 percent below pre-Covid levels and2 percent lower than last year.But the number of new listings coming onto the market increased above last year's and pre-pandemic levels.This has pushed inventory to its highest level (3.8 months) in more than 5 years, meaning Buyers now have more choice and more leverage when negotiating the purchase of a home.In spite of the increased competition facing Sellers, prices have remained remarkably stable as the $754,730 average sale price for a single family Ottawa home in November 2023 is virtually unchanged from November last year.(As anaside, this current average price still represents a 56 percent increase over the last 5 years.) These market dynamics create mixed signals for Buyers and Sellers.So it is more important than ever to get expert advice from a knowledgeable real estate professional.If you would like to discuss how to take advantage of the current market opportunities, please reach out to me for a consultation....#ottawamarket#ottawastats#monthlystatistics#engelvolkersottawacentral

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The real estate market in Marion is experiencing dynamic changes! The number of properties sold has nearly doubled, with a 91.7% increase, totaling 23 homes sold this month. This surge in activity indicates a vibrant market with growing interest in Marion properties.While the median sold price has adjusted to $244,900, this shift presents an excellent opportunity for buyers to enter the market. The average list to sale price ratio remains strong at 96.32%, demonstrating continued seller confidence.Homes are now listed at a median price of $201 per square foot, reflecting a positive 2% increase. Despite a slight rise in the median days on market to 25, the total sales volume has impressively grown by 60%, reaching $7,264,700.Stay tuned for more updates on the thriving Marion real estate market!

Ottawa's real estate market in November continues its transition from a Sellers' market to a more balanced market, as the number of homes sold during the month of November was 30 percent below pre-Covid levels and2 percent lower than last year.But the number of new listings coming onto the market increased above last year's and pre-pandemic levels.This has pushed inventory to its highest level (3.8 months) in more than 5 years, meaning Buyers now have more choice and more leverage when negotiating the purchase of a home.In spite of the increased competition facing Sellers, prices have remained remarkably stable as the $754,730 average sale price for a single family Ottawa home in November 2023 is virtually unchanged from November last year.(As anaside, this current average price still represents a 56 percent increase over the last 5 years.) These market dynamics create mixed signals for Buyers and Sellers.So it is more important than ever to get expert advice from a knowledgeable real estate professional.If you would like to discuss how to take advantage of the current market opportunities, please reach out to me for a consultation....#ottawamarket#ottawastats#monthlystatistics#engelvolkersottawacentral

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Even though activity in the housing market has slowed from the frenzy that was the ‘unicorn’ years, it’s still a seller’s market because the supply of homes for sale is so low. But what does that really mean for you? And why are conditions today so good if you want to sell your house? The latest Existing Home Sales Report…...

Are you browsing the housing market, looking at prices and wondering what's going on? High buyer demand and low inventory is pushing prices up due to some properties having multiple offers on them.#patrickobrienrealtor#patrickobriendreamtown#realestateexpert#chicagohousingmarket#chicagohomesforsale#chicagocondosforsale#chicagoilpropertiesforsale