Latest news with #listings
Yahoo
5 hours ago
- Business
- Yahoo
Boone County homes for sale were listed at higher prices in May. Here's a look
The median home in Boone County listed for $435,000 in May, up 1.2% from the previous month's $430,000, an analysis of data from shows. The statistics in this article only pertain to houses listed for sale in Boone County, not houses that were sold. Information on your local housing market, along with other useful community data, is available at Boone County's median home was 2,140 square feet, listed at $203 per square foot. The price per square foot of homes for sale is up 1.4% from May 2024. Listings in Boone County moved briskly, at a median 39 days listed compared to the May national median of 51 days on the market. In the previous month, homes had a median of 43 days on the market. Around 280 homes were newly listed on the market in May, a 21.7% increase from 230 new listings in May 2024. The median home prices issued by may exclude many, or even most, of a market's homes. The price and volume represent only single-family homes, condominiums or townhomes. They include existing homes, but exclude most new construction as well as pending and contingent sales. Across the Columbia metro area, median home prices rose to $419,900, slightly higher than a month earlier. The median home had 2,162 square feet, at a list price of $198 per square foot. In Missouri, median home prices were $309,999, a slight increase from April. The median Missouri home listed for sale had 1,760 square feet, with a price of $173 per square foot. Throughout the United States, the median home price was $440,000, a slight increase from the month prior. The median American home for sale was listed at 1,840 square feet, with a price of $234 per square foot. The median home list price used in this report represents the midway point of all the houses or units listed over the given period of time. Experts say the median offers a more accurate view of what's happening in a market than the average list price, which would mean taking the sum of all listing prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high price. The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu. Our News Automation and AI team would like to hear from you. Take this survey and share your thoughts with us. This article originally appeared on Columbia Daily Tribune: Boone County homes for sale were listed at higher prices in May
Yahoo
10 hours ago
- Business
- Yahoo
Franklin County home listings asked for more money in May - see the current median price here
The median home in Franklin County listed for $364,900 in May, up 1.2% from the previous month's $360,720, an analysis of data from shows. Compared to May 2024, the median home list price increased 13.2% from $324,723. The statistics in this article only pertain to houses listed for sale in Franklin County, not houses that were sold. Information on your local housing market, along with other useful community data, is available at Franklin County's median home was 1,968 square feet, listed at $183 per square foot. The price per square foot of homes for sale is up 2.2% from May 2024. Listings in Franklin County moved briskly, at a median 36 days listed compared to the May national median of 51 days on the market. In the previous month, homes had a median of 38 days on the market. Around 196 homes were newly listed on the market in May, a 7.7% increase from 182 new listings in May 2024. The median home prices issued by may exclude many, or even most, of a market's homes. The price and volume represent only single-family homes, condominiums or townhomes. They include existing homes, but exclude most new construction as well as pending and contingent sales. In Pennsylvania, median home prices were $325,000, a slight increase from April. The median Pennsylvania home listed for sale had 1,708 square feet, with a price of $196 per square foot. Throughout the United States, the median home price was $440,000, a slight increase from the month prior. The median American home for sale was listed at 1,840 square feet, with a price of $234 per square foot. The median home list price used in this report represents the midway point of all the houses or units listed over the given period of time. Experts say the median offers a more accurate view of what's happening in a market than the average list price, which would mean taking the sum of all listing prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high price. The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu. Our News Automation and AI team would like to hear from you. Take this survey and share your thoughts with us. This article originally appeared on Waynesboro Record Herald: Franklin County home listings asked for more money in May - see the current median price here
Forbes
5 days ago
- Business
- Forbes
Time Is Not Your Friend: Asking Price Decay In Real Estate
The asking price may be set by the seller, but its decay is enforced by the market. Buyers apply ... More pressure, urgency fades, and expectations bend. In every deal, sellers optimize for two variables: price and time. In the real world, however, those variables are deeply entangled. Time on the market isn't free. It imposes a discount. And, like in finance, where holding an asset too long incurs costs, holding a listing introduces risk. We quantified that risk by tracking how asking prices deteriorate as listings age. The result is a measure of what we call asking price decay. It's a concept that mirrors the financial world, where traders account for 'theta,' which is the loss of value in an option as time passes. In real estate, time on market is a similar drag on listing prices. The longer a home sits unsold, the more likely it is to be discounted, often sharply. We analyzed the Manhattan and Brooklyn markets at biweekly intervals across 20+ years. The resulting curve shows the median discount from the original asking price as a function of time on market over the course of a typical six-month exclusive listing contract. Asking Price Decay Over Time In Manhattan And Brooklyn This curve plays out almost regardless of macro environment, seasonality, or demand shifts. Essentially, the market begins penalizing listings as soon as they exceed the two-to-four-week threshold. Buyers read time as weakness. The implication is that overpricing and failing to get traction early means more than just a longer time to sell; it means a lower selling price overall. Not all markets decay at the same pace. When we split the data by market regime (hot vs. cold), the differences become clear. In hot markets (such as 2015), the curve is flatter, and listings can sit for 30 to 45 days with minimal discounting as buyers compete at prices close to the ask and sellers retain pricing leverage longer. In weak markets (such as 2009), the curve is steeper and discounts appear quickly. Sellers who don't reprice early see any leverage they may have had evaporate. Today's market is neither hot nor cold, so the present asking price decay curve likely resembles the overall average. Asking Price Decay In Manhattan and Brooklyn, 2009 vs. 2015 This is a familiar pattern in any market: when liquidity is strong, prices hold up. When liquidity evaporates, spreads widen, and discounts deepen. Does property type (condo, coop, or townhouse) meaningfully affect the decay curve? While intuitively, it might be expected to, since coops, condos, and townhouses vary widely in buyer profile, price point, and closing complexity, the data suggests a more nuanced story. For apartments, the decay curve is remarkably consistent in shape, which suggests the phenomenon is more about market liquidity. Coops and condos show flatter, more stable curves, reflecting a larger pool of buyers and a more liquid market structure. Townhouses, however, which are generally higher-priced, lower-turnover assets, experience steeper declines in pricing power over time. For example, by day 70, Manhattan condos retain almost 97% of their original asking price, while Manhattan townhouses have already slipped to 92%. After 180 days, at the end of the listing agreement, the gap widens even more, with condos holding around 91%, while townhouses fall to 83%. Asking Price Decay at Condos, Co-ops, and Townhouses In Manhattan and Brooklyn Here's how to use this curve: 1. Act Fast or Reprice Fast The window to make a full-price sale is tight. Listings that don't catch a bid in the first 30–45 days should consider a tactical price reset to avoid the long tail of discounting. The market has spoken. 2. Watch the Curve for Regime Change A flattening decay curve suggests improving liquidity and can be seen as a bullish signal, which is good to sell into. On the other hand, a steepening curve suggests buyers are reasserting their power, which is a bearish signal for sellers as it implies a slowing market. 3. Use the Curve to Predict Market Health Think of it as a sentiment index. Fast decay = fear and thin demand. Slow decay = conviction and competition. The asking price may be set by the seller, but its decay is enforced by the market. Buyers apply pressure, urgency fades, and expectations bend. Thinking like a trader makes the message clear: the market doesn't pay premiums for long. Time taxes them away by applying downward pressure, week by week. Luckily, this tax is not evenly levied across all properties. The biggest time tax is evident in less liquid segments, such as Manhattan townhouses. Meanwhile, more fluid markets, such as Brooklyn condos or coops, tend to retain pricing power for longer. In the end, asking price decay, like any tax, hits hardest where there's the least flexibility. As the Manhattan and Brooklyn markets transition into the seasonally slower summer months, understanding the impact of time on prices is paramount. For sellers, the lesson is clear: price realistically and move quickly. In real estate, time is not your friend.
Yahoo
18-05-2025
- Business
- Yahoo
Kent County home listings asked for more money in April - see the current median price
The median home in Kent County listed for $415,000 in April, up 3.8% from the previous month's $399,900, an analysis of data from shows. Compared to April 2024, the median home list price decreased 2.7% from $426,400. The statistics in this article only pertain to houses listed for sale in Kent County, not houses that were sold. Information on your local housing market, along with other useful community data, is available at Kent County's median home was 313 square feet, listed at $0.17 per square foot. The price per square foot of homes for sale is up 4.9% from April 2024. Listings in Kent County moved steadily, at a median 46 days listed compared to the April national median of 50 days on the market. In the previous month, homes had a median of 60 days on the market. Around 242 homes were newly listed on the market in April, an 11% increase from 218 new listings in April 2024. New Castle County: Home listings asked for more money in April - see the current median price here Sussex County : Home listings asked for more money in April - see the current median price The median home prices issued by may exclude many, or even most, of a market's homes. The price and volume represent only single-family homes, condominiums or townhomes. They include existing homes, but exclude most new construction as well as pending and contingent sales. Across the Philadelphia-Camden-Wilmington metro area, median home prices rose to $375,000, slightly higher than a month earlier. The median home had 8,846 square feet, at a list price of $0.13 per square foot. In Delaware, median home prices were $489,950, a slight increase from March. The median Delaware home listed for sale had 1,980 square feet, with a price of $0.14 per square foot. Throughout the United States, the median home price was $431,250, a slight increase from the month prior. The median American home for sale was listed at 467,514 square feet, with a price of $0.18 per square foot. The median home list price used in this report represents the midway point of all the houses or units listed over the given period of time. Experts say the median offers a more accurate view of what's happening in a market than the average list price, which would mean taking the sum of all listing prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high price. The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu. Our News Automation and AI team would like to hear from you. Take this survey and share your thoughts with us. This article originally appeared on Delaware News Journal: Kent County home listings asked for more money in April
Yahoo
17-05-2025
- Business
- Yahoo
Greene County homes were listed at higher prices in April. What to know
The median home in Greene County listed for $323,825 in April, up 1.2% from the previous month's $319,900, an analysis of data from shows. Compared to April 2024, the median home list price decreased 1% from $327,450. The statistics in this article only pertain to houses listed for sale in Greene County, not houses that were sold. Information on your local housing market, along with other useful community data, is available at Greene County's median home was 630 square feet, listed at $0.17 per square foot. The price per square foot of homes for sale is up 4.2% from April 2024. Listings in Greene County moved steadily, at a median 43 days listed compared to the April national median of 50 days on the market. In the previous month, homes had a median of 52 days on the market. Around 538 homes were newly listed on the market in April, a 14.5% increase from 470 new listings in April 2024. The median home prices issued by may exclude many, or even most, of a market's homes. The price and volume represent only single-family homes, condominiums or townhomes. They include existing homes, but exclude most new construction as well as pending and contingent sales. Across the Springfield metro area, median home prices rose to $332,675, slightly higher than a month earlier. The median home had 1,031 square feet, at a list price of $0.18 per square foot. In Missouri, median home prices were $299,900, a slight increase from March. The median Missouri home listed for sale had 10,684 square feet, with a price of $0.15 per square foot. Throughout the United States, the median home price was $431,250, a slight increase from the month prior. The median American home for sale was listed at 467,514 square feet, with a price of $0.18 per square foot. The median home list price used in this report represents the midway point of all the houses or units listed over the given period of time. Experts say the median offers a more accurate view of what's happening in a market than the average list price, which would mean taking the sum of all listing prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high price. The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu. Our News Automation and AI team would like to hear from you. Take this survey and share your thoughts with us. This article originally appeared on Springfield News-Leader: Greene County homes for sale were listed at higher prices in April
