Byron Lazine explains why buyers face the most competition in spring and shows agents how to use MLS data and simple scripts to guide clients with clarity.
New Zillow research shows there are 5.5 engaged home shoppers for every for-sale listing nationwide, with buyer competition exceeding 10-to-1 in markets like Buffalo and Boston. Meanwhile, 12 of the 14 least competitive metros are in the Sun Belt.
A new Redfin report for February 2023 shows the first annual drop in home prices since 2012, with sales in San Jose and Austin falling 12 times faster than the national average.
The latest Zillow market report shows home prices are stabilizing as home sales have increased, while sellers continue to hold off, limiting inventory and igniting buyer competition for well-priced homes.
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