In honor of Black History Month, CTR is providing 28 days of people, places, inspiration and historical moments of Black history in real estate, our association, Connecticut and the country. Click Here to Read the Message for Each Day
Buyers Snatch Up New Listings as Quickly as They’re Available.
Existing-Home Sales Tick Up 0.6% in January
Existing-home sales—completed transactions for single-family homes, townhomes, condos, and co-ops—rose 0.6% in January compared to December 2020 and are up nearly 24% over a year ago, the National Association of REALTORS® reported Friday. All four major regions of the U.S. recorded double-digit annual gains for home sales in January.
January started off strong for the housing market, with healthy buyer demand and market fundamentals.
New Listings decreased
Pending Sales increased Inventory decreased
Median Sales Price increased
. Days on Market decreased as did Months Supply of I\Inventory
The Mortgage Bankers Association’s January research estimates approximately 2.7 million homeowners with mortgages currently in forbearance plans. Given the strong appreciation in most market segments in recent years, these home sales are likely to be mostly traditional sellers. A modest increase in short sales and foreclosures at some point this year would not be surprising.
Quick Facts
+ 20.4%Change in Closed Sales All Properties
+ 21.9%Change in Median Sales Price All Properties
Last week the Zillow Group announced it had reached an agreement to acquire ShowingTime. We appreciate all the feedback we have received since the announcement. Below are answers to the frequently asked questions we have received.
We are reviewing several other showing appointment service providers and will continue to evaluate all options to provide our Subscribers with the best showing product.
There are no plans to stop offering ShowingTime at this time. Both Zillow and ShowingTime have both confirmed that there is no change expected in the services to our subscribers at this time.
All of the data protections in our current ShowingTime agreement are intact and will remain so.
We will share updates and information as we learn more.
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2021 "That's Who We R" Advertising Campaign Highlights How Realtors® Open Doors to Opportunity for Their Clients and the Communities They Serve
"Look for the R” focuses on authentic, human moments in the journey to property ownership, both residential and commercial, and seeks to capture the relationships between Realtors®, their clients, and communities.
In 2021, the creative work will show consumers how REALTORS® “open doors to opportunity” for the clients they work with and the communities they serve, thus highlighting the positive impact REALTOR® have on individual lives within and beyond the transaction.
Five new TV commercials began airing Tuesday. They're part of a fully integrated media mix, including new radio and digital audio, social media messaging, content partnerships, and of course, turnkey campaign logos and assets exclusively for use by the REALTOR® family. VisitThatsWhoWeR.realtorto view all five commercials and to download campaign materials that you can use
Tools to Help Your Business
10 ways to turn old leads into new business... The statistic is 87% of Realtors don’t stay in touch with their clients after the transaction.
Panelists at Inman Connect Now talk about creating 'wow moments' for clients, from sending warm fresh-baked cookies to doggie poop bags.
7 strategies for nailing your new listing's price. BYBERNICE ROSS
Ultimately, pricing your new listing correctly comes down to whether the seller wants to sell as quickly as possible or achieve the highest price. If you price it just right, however, you may often achieve both.
