WRE News November 17, 2023
Buyer
More than one-third of homebuyers (35%) received concessions from sellers during the three-month period ending Oct. 31, according to a new data report from Redfin (NASDAQ: RDFN). While that is roughly equal to the 35.9% share recorded one year ago, it is also up from a 27.6% share received two years ago.
Redfin noted that one in seven (14.4%) homes that sold during the three months ending Oct. 31 had a final sale price below the asking price in addition to a concession, while just over one in 10 (11.5%) homes that sold during the period had a price cut and a concession – and 6.4% had a concession, a price drop and a final sale price below the original list price.
Among the major metro areas, the most concessions were recorded in Utah’s capital city – sellers in Salt Lake City gave concessions to buyers in 63.3% of home sales in the three months ending Oct. 31. On the flip side, Boston sellers were less generous, only providing concessions in 11.1% of home sales.
Stay up to date on the latest real estate trends.
Lifestyle
July 26, 2024
A trip to Paris wouldn’t be complete without indulging in France’s most iconic culinary delights, from buttery croissants to fine cheeses and wine.
Buyer
July 26, 2024
Two newly published data reports are offering very different views on the best markets for rental housing.
Buyer
July 25, 2024
When 51-year-old Pazit Aviv walks her dog in her Silver Spring, Md., neighborhood, it takes an extra 30 minutes as she inevitably gets lost in an impromptu chat with a… Read more
Buyer
July 25, 2024
If you’re in the market to buy a home, there’s some exciting news for you.
Lifestyle
July 24, 2024
The success of a food or drink business is predicated on many things—quality, flavor, price and market reach, to name a few—but in a world plagued by climate change, w… Read more
Buyer
July 24, 2024
Even though data shows inflation is cooling, a lot of people are still feeling the pinch on their wallets.
We Guide Homeowners through the complicated process of selling their home using our 4 Phase Selling Process and 3 Prong Marketing Strategy that alleviates their stress and moves them effortlessly to their next destination. Schedule a 15 Minute Complimentary Strategy Session Today