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Pending Home Sales in Mid-Atlantic Region Up by Nearly 40%

Pending Home Sales in Mid-Atlantic Region Up by Nearly 40%

by Phil Hall | Apr 10, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 22,021 homes went under contract in March across the Mid-Atlantic market serviced by Bright MLS, which reflects a 39.5% month-over-month upswing. On a year-over-year basis, pending sales were up 2.8%. There were 24,654 new listings coming onto the market...
Two-Thirds of Condos Sold at Less Than Asking Price in February

Two-Thirds of Condos Sold at Less Than Asking Price in February

by Phil Hall | Apr 3, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

February was a rough month for the condominium market, with roughly two-thirds (68.4%) of these properties selling for less than their original asking price, according to new data from Redfin (NASDAQ: RDFN). This is up from 63.3% a year earlier and the highest...
Toronto Home Sales and Prices in Decline

Toronto Home Sales and Prices in Decline

by Phil Hall | Apr 3, 2025 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

A total of 5,011 home sales were transacted through the Toronto Regional Real Estate Board’s (TRREB) MLS System in March, a 23.1% year-over-year decline. On an unadjusted basis, March sales were down month-over-month compared to February. While sales were down, new...
Report: 1 in 5 Homes Sold for More Than Their Original List Price

Report: 1 in 5 Homes Sold for More Than Their Original List Price

by Phil Hall | Apr 1, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Last month, 20.5% of homes nationwide – roughly one in five – sold for above their original list price, according to new data from Redfin (NASDAQ: RDFN). This is down from a 22.8% share recorded one year earlier. Nearly two-thirds of transactions (64.2%) were closed...
Maine Home Sales up 6.51%

Maine Home Sales up 6.51%

by Phil Hall | Mar 27, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 753 home sales were closed in Maine last month, a 6.51% increase from the 707 sales transacted in February 2024. According to data from the Main Association of Realtors, the statewide median sales price for those sales was $381,500, a 9% jump from the...
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