Lawrence Yun says Realtors® throughout the country are seeing the seasonal ramp-up in buyer demand this spring but without the commensurate increase in new listings on the market. As a result, competition is swift and homes are going under contract in roughly a month. #NAREHS
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1737 Sunset Plaza Drive
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Probably one of the most desirable homes on Sunset Plaza Drive at this price. Situated on a great gentle curve, this home was previously owned by a celebrity.
Existing-home sales bounced back in February (3.0%) after two straight months of declines.
•February sales: 5.54 million
oSales are up 1.1% YoY
•NE: -12.3% MW: -2.4% S: 6.6%; W: 11.4%
•SF: 4.2% CD: -6.5%
via @NAR_Research#NAREHS
Today’s focus on clean, connected, and toxin-free living may have its roots in the hospitality industry, but this trend is making its way into multifamily developments and single-family homes. More @realtormag https://t.co/L2uQpIuRaV
.@NAR_Research's January #NARPHS breakdown:
Pending home sales cooled considerably in January (-4.7%) to their lowest level in over three years.
•January: 104.6; 3.8% below January 2017 (108.7)
•Lowest index reading since October 2014 (104.1)