Multiple listing service

Residential Closed Median Sale Price in New York Edges Down Slightly in Month-over-Month Comparison in December

Retrieved on: 
Friday, January 20, 2023
Housing, County, Catskill, Hudson, MLS, Sale, Condo, IQVIA, Multiple listing service, Statistics, Hudson Valley, Real estate

FARMINGDALE, N.Y., Jan. 20, 2023 /PRNewswire/ -- OneKey® MLS is the one source real estate marketplace for monthly statistics for residential real estate transactions from Montauk to Manhattan, north through the Hudson Valley and the Catskill Mountains. For December 2022, OneKey MLS reported a regional closed median sale price of $570,000, representing a 0.90% decrease as compared to the reported $575,000 in November 2022. Between November and December 2022, closed regional sales transactions, including residential, condo, and co-op sales, decreased to 4,270 from 4,620, representing a -7.60% month-over-month change.

Key Points: 
  • For December 2022, OneKey MLS reported a regional closed median sale price of $570,000, representing a 0.90% decrease as compared to the reported $575,000 in November 2022.
  • Three of nine counties reported an increased closed median sale price in a month-over-month comparison, while six counties reported a decreased median sale price.
  • The Bronx (+9.30%), Sullivan (+4.20%), and Putnam (+0.80%) Counties reported month-over-month increases in closed median sale price.
  • Suffolk (-0.50%), Queens
    (-0.70%), Orange (-1.30%), Westchester (-1.60%), Nassau (-1.90%), and Rockland (-2.10%) Counties reported month-over-month decreases in closed median sale price.

Texas home builders see record sales but Days on Market jumps

Retrieved on: 
Tuesday, January 24, 2023
News, Realtors Association of Hamilton-Burlington, Multiple listing service, MLS, Bradley Inman, New home sales, Commerce Department trade mission controversy, DOM, Report, United States Department of Commerce, Activated sludge, Real estate, Gasoline, Airline, Cryptocurrency, Commercial property, Television

DALLAS, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Texas home builders saw record new home sales last month for 2022.

Key Points: 
  • DALLAS, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Texas home builders saw record new home sales last month for 2022.
  • The statewide 3-month moving average for Days on Market in December jumped by more than 10 days, increasing to 73.57 days versus 63 days in November.
  • “Overall, Texas builders defied market expectations as December was the top sales month for 2022 – rarely the best month of the year for sales,” said Caballero.
  • The report features 3-month and 12-month moving averages for six essential market data, including Days on Market, sales volume, sales prices, a sales-to-list price ratio, pending sales, and active listings.

Existing-Home Sales Receded 1.5% in December

Retrieved on: 
Friday, January 20, 2023
News, Weather, Newsroom, Face, Housing, Sellers, Private equity real estate, Collection, Environment, Total, Freddie Mac, NAR, National Association, MLS, Activated sludge, Census, Multiple listing service, Table, Animal, Video game console, Property management, Real estate, Propane, Ethics

Distressed sales [5] – foreclosures and short sales – represented 1% of sales in December, virtually unchanged from last month and one year ago.

Key Points: 
  • Distressed sales [5] – foreclosures and short sales – represented 1% of sales in December, virtually unchanged from last month and one year ago.
  • NAR benchmarks home sales periodically using other sources to assess overall home sales trends, including sales not reported by MLSs.
  • Historic comparisons for total home sales prior to 1999 are based on monthly single-family sales, combined with the corresponding quarterly sales rate for condos.
  • [5] Distressed sales (foreclosures and short sales), days on market, first-time buyers, all-cash transactions and investors are from a monthly survey for the NAR’s Realtors® Confidence Index , posted at nar.realtor.

The Year of the Buyer: Canada’s Luxury Real Estate Market Shifts in Favour of Buyers as Opportunities Emerge Post-Pandemic

Retrieved on: 
Wednesday, January 18, 2023
Bank of Canada, Weather, Greater Toronto Area, Bank, Tax, Face, Economist Intelligence Unit, Housing, Procurement, Ultra, Quality of life, City, Government, Work, Commodity, Marketing, MLS, GTA, Multiple listing service, Statistics Canada, Optimism, GDP, Real estate, Video game, Renewable energy, Animal, Property management, Fine chemical, Restaurant, Cassette tape, Oil

TORONTO, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Following an era of exorbitant hyperinflation in Canadian luxury real estate, new post-pandemic benchmarks were established in 2022 as the housing market responded to a cascade of stressors. Against a backdrop of mounting economic uncertainty, steep interest rate hikes, escalating inflation, a stubborn deficit of housing inventory and sweeping housing taxation and regulatory changes, prospective luxury real estate sellers and buyers withdrew strategically from the market in anticipation of greater opportunity in 2023. By the end of 2022, the country’s major metropolitan areas emerged from a historic chapter of hyperinflation into a new era where consumer demand for housing and housing mobility remained unrelenting, just as market conditions verged on favouring buyers.

Key Points: 
  • Overall, residential real estate sales over $1 million were down 29% in 2022 from the city’s record sales volume in 2021.
  • Montreal’s luxury real estate market tempered to more balanced conditions over the course of 2022.
  • Despite strong underlying demand, evaporating luxury supply and increasing market uncertainty resulted in a dramatic moderation of the luxury market.
  • The luxury $4 million-plus single family home market, however, saw a less pronounced decline indicating steadier demand for premier luxury properties.

Existing-Home Sales Dipped 7.7% in November

Retrieved on: 
Wednesday, December 21, 2022
Newsroom, National Association, MLS, Private equity real estate, COVID-19, News, Multiple listing service, Total, Census, Freddie Mac, Weather, Collection, NAR, Activated sludge, Table, Housing, Sellers, Airline, Milk, Animal, Real estate, Cryptocurrency, Video game, Property management, Ethics

Distressed sales [5] – foreclosures and short sales – represented 2% of sales in November, virtually unchanged from last month and one year ago.

Key Points: 
  • Distressed sales [5] – foreclosures and short sales – represented 2% of sales in November, virtually unchanged from last month and one year ago.
  • NAR benchmarks home sales periodically using other sources to assess overall home sales trends, including sales not reported by MLSs.
  • Historic comparisons for total home sales prior to 1999 are based on monthly single-family sales, combined with the corresponding quarterly sales rate for condos.
  • [5] Distressed sales (foreclosures and short sales), days on market, first-time buyers, all-cash transactions and investors are from a monthly survey for the NAR’s Realtors® Confidence Index , posted at nar.realtor.

Texas builders see mixed sales results as Days on Market goes up

Retrieved on: 
Wednesday, December 21, 2022
New home sales, Anomaly, DOM, MLS, News, Report, Multiple listing service, Pressure, Activated sludge, Realtors Association of Hamilton-Burlington, Commerce, Sale, Real estate, Television, Cryptocurrency, Airline, Commercial property

The HomesUSA.com New Home Sales Index reveals new home sales slowed for the third straight month as the statewide 3-month moving average for Days on Market in November experienced the biggest jump in more than a year, increasing in November to 63 days versus 55.77 days in October.

Key Points: 
  • The HomesUSA.com New Home Sales Index reveals new home sales slowed for the third straight month as the statewide 3-month moving average for Days on Market in November experienced the biggest jump in more than a year, increasing in November to 63 days versus 55.77 days in October.
  • “We know new home sales are seasonal and the new home market is returning to normal.
  • "Texas remains perhaps the most resilient new home market in the nation, and continues to show strength, despite the wild swings in mortgage interest rates."
  • The report features 3-month and 12-month moving averages for six essential market data, including Days on Market, sales volume, sales prices, a sales-to-list price ratio, pending sales, and active listings.

Miami Real Estate Records 4th Best Sales Year Ever; 11 Consecutive Years of Price Appreciation

Retrieved on: 
Wednesday, December 21, 2022
Newton, Aurora, Realtors Association of Hamilton-Burlington, Organization, National Association, REO, Fed, Motor vehicle, Miami-Dade County, Florida, YPN, NAR, Multiple listing service, Rapid transit, Partnership, Growth, Marketing, Nation, State, Weather, Work, Workforce, News, MLS, Calendar, Freddie Mac, New Yorkers, Florida Department, Florida Department of Highway Safety and Motor Vehicles, Statistics, Sale, Global studies, Housing, REO Motor Car Company, Real estate, Drug, Animal, Commercial property, Renewable energy, Citrus, Airline, Property management, National Association of Realtors, Citadel, Redfin

MIAMI, Dec. 21, 2022 /PRNewswire-PRWeb/ -- Miami-Dade County real estate has already posted the 4th best total home sales year ever and with another calendar month to go it is poised to end 2022 as its second-biggest sales year ever, according to November 2022 statistics from the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Key Points: 
  • Mortgage rates are more than doubled today, but November 2022 Miami sales remain near pre-pandemic sale totals despite today's higher prices and rates.
  • November 2019 (2,033 transactions) and November 2018 (2,081 sales) figures in Miami are not far from its November 2022 transactions.
  • Short sales and REOs accounted for 0.1% and 1.6% year-over-year, respectively, of total Miami sales in November 2022.
  • MIAMI REALTORS represents nearly 60,000 total real estate professionals in all aspects of real estate sales, marketing, and brokerage.

RESO Announces 2023 Board of Directors Election Winners

Retrieved on: 
Thursday, December 15, 2022
Commission on Industrial Relations, Certification, CoStar Group, British Rail regional multiple unit numbering, RMLS, MLS, Activated sludge, Homes.com, RESO, Innovation, Consultant, Weyerhaeuser Real Estate Company, Multiple listing service, Zillow, MRED, Organization, National Association, Management, Real estate

RALEIGH, N.C., Dec. 15, 2022 (GLOBE NEWSWIRE) -- The results of the Real Estate Standards Organization (RESO) 2023 Board of Directors election have been announced for five open seats, director appointments and the board’s Executive Committee for the next year.

Key Points: 
  • RALEIGH, N.C., Dec. 15, 2022 (GLOBE NEWSWIRE) -- The results of the Real Estate Standards Organization (RESO) 2023 Board of Directors election have been announced for five open seats, director appointments and the board’s Executive Committee for the next year.
  • “RESO has entered the 2.0 phase of its existence, not only with second-generation versions of the industry-standard RESO Data Dictionary and RESO Web API but with our entire approach to driving the industry forward,” said Rebecca Jensen, who was re-elected 2023 Chair of the RESO board and is President and CEO of Midwest Real Estate Data (MRED).
  • Moore and Breault are also the chair and vice-chair of the RESO Research & Development Workgroup.
  • 2023 RESO Board Members Not Listed Above Include:
    Alex Lange, Head of Strategy and Innovation, National Association of REALTORS®
    “I am inspired by how much the RESO board does to push data standards forward with such industry-wide acceptance,” said Sam DeBord, CEO of RESO.

OneKey® MLS Attends Triple Play Realtor® Convention & Trade Expo

Retrieved on: 
Friday, December 16, 2022
Interview, Melissa, Multiple listing service, IQVIA, MLS, Triple play, Atlantic City Convention Center, Growth, Real estate agent, VHT, Haggerty, Real estate, National Association of Realtors

FARMINGDALE, N.Y., Dec. 16, 2022 /PRNewswire/ -- OneKey® MLS, the largest multiple listing service in New York, attended Triple Play Realtor® Convention & Trade Expo last week, joining thousands of participants to learn about the newest and most exciting developments in real estate products and services. The largest real estate event of its kind in the U.S., Triple Play was held at the Atlantic City Convention Center in New Jersey from Dec. 5 – 8, 2022, with OneKey® MLS participating as an exhibitor at the trade expo. Newly appointed COO Melissa King and incoming CEO Richard Haggerty represented OneKey® MLS.

Key Points: 
  • FARMINGDALE, N.Y., Dec. 16, 2022 /PRNewswire/ -- OneKey MLS , the largest multiple listing service in New York, attended Triple Play Realtor Convention & Trade Expo last week, joining thousands of participants to learn about the newest and most exciting developments in real estate products and services.
  • The largest real estate event of its kind in the U.S., Triple Play was held at the Atlantic City Convention Center in New Jersey from Dec. 5 8, 2022, with OneKey MLS participating as an exhibitor at the trade expo.
  • "Triple Play was the first opportunity for Melissa and I to hit the ground running as a collaborative team," said Richard Haggerty, presumptive CEO of OneKey MLS as of Jan. 1, 2023.
  • The Triple Play convention caps a year of exciting developments and milestones for OneKey MLS.

RE/MAX Commercial® Announces Enhancements to Buildout Marketing Technology Offerings

Retrieved on: 
Monday, December 12, 2022
Hospital, Social media, Multiple listing service, Broker, Commercial, Buildout, Organic, NYSE, Keepin' the Summer Alive, Children's Miracle Network Hospitals, Marketing, News, Multimedia, Senior, RE/MAX, International development, Financial services, Sales, Property management

DENVER , Dec. 12, 2022 /PRNewswire/ -- RE/MAX Commercial today expanded access for its network to the commercial real estate property marketing platform, Buildout Marketing. Buildout Marketing, which RE/MAX began offering to its network in 2019, offers commercial brokers a streamlined listing and marketing process to help deliver superior client service. With this latest feature update, RE/MAX Commercial Brokers now have complimentary access to the "Marketing" platform as well as the "Listing" suite of tools. 

Key Points: 
  • DENVER, Dec. 12, 2022 /PRNewswire/ -- RE/MAX Commercial today expanded access for its network to the commercial real estate property marketing platform, Buildout Marketing.
  • Buildout Marketing, which RE/MAX began offering to its network in 2019, offers commercial brokers a streamlined listing and marketing process to help deliver superior client service.
  • "This upgrade provides valuable marketing tools to RE/MAX Commercial Brokers and is very timely," says Shawna Gilbert, Senior Vice President, Global Development,who oversees RE/MAX Commercial.
  • Buildout Marketing powers remaxcommercial.com , the RE/MAX Commercial website and syndicates listings to the RE/MAX Exclusive Listings tab on the site when commercial brokers use Buildout to build their listings.