Cleveland, Ohio Real Estate Market Update – February 2025 Cleveland’s real estate market in February 2025 continues to reflect shifting economic trends, fluctuating mortgage rates, and evolving buyer demand. Whether you're a homebuyer, investor, or seller, understanding the latest data can help you make informed decisions. Current Market Overview As of February 2025, the Cleveland housing market remains moderately competitive, with a balanced dynamic between buyers and sellers. Inventory levels have increased slightly, providing more opportunities for buyers, while home prices remain stable, driven by steady demand. Key Market Trends: ✔ Median Home Price: $235,000 (a 2.8% increase year-over-year)✔ Average Days on Market: 49 days (slightly longer compared to January 2025)✔ Active Listings: 3,850 homes (5% increase from last month)✔ Median Rent: $1,650 (stable compared... Read more
Tag: Real Estate Market
Wyoming on list of fastest selling real estate
Wyoming and Montana Lead the Nation in Fast-Selling Real Estate Headlines across the nation are declaring Wyoming and Montana as having the fastest-selling real estate markets. However, a closer look from real estate professionals and mortgage lenders in these regions reveals a more nuanced reality. The Numbers Behind the Hype A recent study by ViewHomes analyzed 150,000 Zillow listings and ranked Montana, Alaska, and Wyoming as the top three states where homes sell the fastest, based on the percentage of listings still on the market after 30 days. According to the data: 15.6% of homes in Montana remained unsold past 30 days 17.6% in Alaska 18.24% in Wyoming At first glance, these numbers suggest a hot real estate market, but they also highlight the limited... Read more
Evergreen, CO Real Estate Market Update – Feb 2025
Evergreen, CO Real Estate Market Update – January 2025 Evergreen, Colorado, continues to be a competitive and desirable market for homebuyers and sellers alike. Nestled in the foothills of the Rocky Mountains, this sought-after community offers a balance of luxury mountain living and accessibility to Denver. As of January 2025, the real estate market in Evergreen reflects a slight seller’s advantage, with steady home prices, moderate inventory levels, and strong demand. This report provides an in-depth look at the current market trends, pricing insights, and what buyers and sellers can expect moving forward. Current Real Estate Market Snapshot – January 2025 The Evergreen market remains stable, with a median list price of $1,379,000 and a median price of new listings at $1,147,500. While home prices... Read more
U.S. Home Sales Decline to Lowest Level Since 1995
U.S. Home Sales Decline to Lowest Level Since 1995: What It Means for the Housing Market in 2025 The U.S. housing market has faced significant challenges in recent years, and the latest data from The Wall Street Journal confirms that 2024 was one of the slowest years for home sales in nearly three decades. Existing-home sales fell to their lowest level since 1995, marking the second consecutive year of declines. Several key factors contributed to this downturn, including high mortgage rates, rising property costs, and affordability concerns. This article examines the latest housing data, explores the reasons behind the decline, and looks ahead to what buyers and sellers can expect in 2025. The State of the Housing Market in 2024 The U.S. housing market struggled... Read more
Outer Banks NC Real Estate Market
Outer Banks NC Real Estate Market – A Breakdown By Town and Overview The Outer Banks of North Carolina has long been recognized for its unique coastal charm and strong real estate opportunities. This barrier island chain stretches along the state’s coastline, featuring a variety of towns that each offer their own distinct local character. From Nags Head and Kitty Hawk to Duck and Corolla, each area brings something special for homebuyers and investors. In this article, we will break down the Outer Banks NC real estate market by town, explain why it’s important, highlight benefits, and provide actionable advice for both newcomers and experienced investors. Why Outer Banks Real Estate Is Important The Outer Banks real estate market stands out because it combines coastal... Read more
Why is the Real Estate Market Broken?
Why is the Real Estate Market Broken? The real estate market in 2024 faces numerous challenges that make it difficult for buyers, sellers, and investors to navigate effectively. Several key issues are contributing to the market’s current dysfunction, leading to decreased affordability, limited inventory, and slower sales activity. Below, we explore the most significant reasons behind the breakdown. Why the Real Estate Market is Struggling The market's broken state reflects a combination of rising mortgage rates, reduced affordability, investor dominance, and economic uncertainty. Key Points: Higher borrowing costs are deterring buyers. Homeowners with low-interest mortgages are hesitant to sell. Institutional investors are driving up competition and prices. 1. Skyrocketing Mortgage Rates As mortgage rates hover between 6.5% and 7%, borrowing costs have risen sharply, making... Read more
Evergreen, Conifer and Golden Colorado Real Estate
Real Estate Market Comparison: Conifer, Evergreen, and Golden, Colorado The real estate markets in Conifer, Evergreen, and Golden, Colorado, each offer unique dynamics, making them appealing to different types of buyers and renters. Here's a breakdown of the current market trends for these three areas as of September 2024. Conifer: Balancing Space and Affordability Conifer's market stands out for its balance of space and affordability. With a median list price of $839,000 and a per square foot rate of $363, Conifer provides a slightly more affordable option than neighboring Evergreen and Golden. Its average days on market is 80, and 62% of the listings have seen price reductions, signaling a moderate market cooling. With its natural beauty and spacious properties, Conifer appeals to those seeking... Read more
Real Estate Market Predictions for 2025
Real Estate Market Predictions for 2025 - What Might Happen... The real estate market for 2025 is a complex landscape that offers both opportunities and challenges. With the economy gradually stabilizing after a volatile few years, many buyers, sellers, and investors are eager to understand what the future holds. Economic conditions, inventory shortages, and fluctuating mortgage rates will all play pivotal roles in shaping the market. Let’s dive deeper into what experts predict and how you can prepare for the evolving dynamics. Key Predictions for the 2025 Real Estate Market 1. Modest Price Increases While the last few years saw housing prices surge due to low inventory and high demand, the pace of growth is expected to slow down in 2025. Experts forecast home prices... Read more
Buckhead’s real estate market
Real Estate Market in Buckhead, Atlanta: A Comprehensive Overview Buckhead, one of the most affluent and desirable neighborhoods in Atlanta, offers a mix of luxury living, vibrant cultural spots, and high-end shopping. Located in the northern part of Atlanta, Buckhead has become a prime real estate destination, attracting both local and international buyers. Whether you're considering buying a luxury property or investing in short-term rentals, Buckhead's market offers varied opportunities. Current Market Trends The real estate market in Buckhead, Atlanta, is competitive but slightly less aggressive than in past years. As of 2024, homes in Buckhead are selling for an average of 97.8% of their list price. While this figure shows a slight decline year-over-year, homes in the area still maintain their value and continue... Read more
Virginia Beach real estate market – September 2024
Virginia Beach, Virginia Real Estate Market Update - September 2024 Virginia Beach real estate market Virginia Beach is feeling the same real estate pinch the rest of the world is feeling too! The real estate market in 2024 has been an interesting ride and it surely isn't over yet. Virginia Beach, Virginia, known for its stunning coastline and vibrant community, continues to be one of the most desirable places to live on the East Coast. Close proximity to many other beaches as well like Nags Head and the Outer Banks in NC. As of September 2024, the real estate market in Virginia Beach is thriving, driven by strong demand, a diverse range of property types, and the city’s appeal as a top destination for both... Read more