"When people stay put, inventory stays low, and existing home sales across the country have been down roughly 15 percent the past three years, according to data from the National Association of Realtors. But not all regional housing markets have reacted the same way to the situation. The stratification has broken down geographically. Extreme buyer's markets dot the South and Southwest and the Northeast and Midwest are home to a swath of seller's markets."
""The places that built the most housing now have more homes for sale than buyers looking to buy them by a large margin," she said. Midwest and post-industrial Northeast cities "did not build very much during the pandemic, and they didn't really see that much value growth during the pandemic either." That means demand is high and supply historically low in states like New Jersey and Ohio, which have some of the most competitive markets in the country."
When people stay put, inventory stays low, and existing home sales across the country have been down roughly 15 percent the past three years, according to National Association of Realtors data. Housing market responses vary by region: extreme buyer's markets appear in parts of the South and Southwest, while many Northeast and Midwest areas remain seller's markets. Areas that built the most housing during the pandemic now have relatively high supply, whereas Midwest and post-industrial Northeast cities saw limited pandemic construction and value growth, keeping demand high and supply historically low in states like New Jersey and Ohio. Texas and Florida show higher supply, price cuts, and concessions. Boston Seaport condos are advertised with buyer rebates and low listing fees, and Ford Realty lists contact details and a Beacon Hill location.
Read at Boston Condos For Sale Ford Realty
Unable to calculate read time
Collection
[
|
...
]