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Q2 Profit Margins on Home Sales Reach Nearly 48%

Q2 Profit Margins on Home Sales Reach Nearly 48%

by Phil Hall | Jul 20, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Profit margins on median-priced single-family home and condo sales rose to 47.7% during the second quarter, according to new data from ATTOM. This represented the first gain in a year and an increase from the 43.9% in the first quarter. The median nationwide home...
New York State’s Housing Market Remains Weak

New York State’s Housing Market Remains Weak

by Phil Hall | Jul 20, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Empire State’s housing market continued to struggle in June, according to new data from the New York State Association of Realtors. Closed sales totaled 10,186 last month, down 22.2% from the 13,095 sales in June 2022. Pending sales took a 6.2% drop from 12,967 in...
Texas Q2 Median Home Price Down 3.1%

Texas Q2 Median Home Price Down 3.1%

by Phil Hall | Jul 19, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median price of homes sold in Texas in the second quarter was $345,000, a 3.1% decline from the $357,388 price recorded one year ago, according to new data from Texas Realtors. Half of the Texas residential properties sold in the second quarter this year were in...
Toronto Home Sales and Average Selling Price Up Year-Over-Year

Toronto Home Sales and Average Selling Price Up Year-Over-Year

by Phil Hall | Jul 6, 2023 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

Last month’s home sales and the average selling price in the Greater Toronto Area (GTA) were above last year’s levels, according to data from GTA Realtors. The GTA market recorded 7,481 sales through the Toronto Regional Real Estate Board’s (TRREB) MLS System, up...
Redfin: Average Home Is Selling Above Its Asking Price Again

Redfin: Average Home Is Selling Above Its Asking Price Again

by Phil Hall | Jul 6, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The average sale-to-list price ratio hit 100.1% during the four weeks ending July 2, according to new data from Redfin (NASDAQ:RDFN). This marks the first time since last August that the average home was selling for more than its asking price. Redfin also noted the...
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