Latest news with #sellers
Yahoo
a day ago
- Business
- Yahoo
More home sellers are pulling properties off the market rather than dropping prices
Many home sellers are loath to cut prices, opting to de-list their properties instead. Conditions have been tilting in favor of buyers, but frustrated sellers could stall that momentum. The housing market has been frozen over for the last few years, with prices and mortgage rates remaining elevated. The US housing market has been tilting in buyers' favor recently, but a rising trend among home sellers could stall that momentum. A report from this month showed that rather than lowering the price of their homes or negotiating with buyers, many sellers are opting to simply remove their homes from the market. The company's Monthly Housing Market Trends Report for June 2025 shows that sellers in the South and West have been facing downward pricing pressure, as both housing supply and median time on market have exceeded pre-pandemic levels. Throughout the East and North, however, prices have risen slightly. Even as national markdowns have grown, though, reports that "national median list prices have held steady." This indicates that sellers are still driven by high expectations, even in a volatile and complicated economy. "Delistings outpaced overall inventory gains—jumping 35% year to date and 47% year over year in May, compared with active listing growth of 28.4% and 31.5%, respectively," the report stated. "The spike signals that some sellers would rather wait than negotiate, suggesting recent buyer-friendly momentum could wane." The message is clear for aspiring home buyers. Sellers are not interested in settling for a lower price, even if that means waiting longer to sell their home or backing out of the market entirely. Jake Krimmel, a senior economist at highlighted that sellers are enjoying "record high levels of home equity," which grant them significant flexibility. "This allows many sellers to withdraw their homes from the market if their asking price isn't met," he stated. A lack of inventory is likely to lead to a shift in the housing market, as fewer homes for sale could push prices up again after a period that saw prices plateau or decline in key markets. Other data shows that the number of first-time home buyers has steadily decreased, as economic conditions compel buyers—especially younger people—to see renting as a better financial decision. If sellers continue to remove their homes from the market rather than lower prices, this trend is likely to continue. As housing experts told Business Insider recently, this poses negative consequences for the broader economy, as the housing market is an important engine for growth. Read the original article on Business Insider
Times
2 days ago
- Business
- Times
Rightmove halves house price growth forecast
The country's largest property search website has halved its prediction for how much house prices will rise this year, with more homes up for sale than at any point in the last decade. Rightmove, the first port of call for most would-be homebuyers, had previously estimated that UK house prices would rise, on average, by 4 per cent in 2025 but it has now cut this halfway through the year to 2 per cent. Its data shows that the number of homes on the market is at its highest since 2015 and it is this 'high level of seller competition [that] is limiting price growth'. Sellers who are too punchy with their asking prices risk 'getting lost among the competition', it warned.
Daily Telegraph
6 days ago
- Business
- Daily Telegraph
Aussie property hotspots: Where homes sell in days
Is your house destined to gather dust on the market? Or will it be snapped up faster than you can say 'sold!'? New Ray White data reveals the Aussie suburbs where properties are flying off the shelves – and the ones where sellers are facing a long, hard slog. Forget the national average of 31 days. In some parts of Australia, homes are practically selling themselves while you sleep. Perth: Australia's speed demon If you're after a quick sale, Perth is the place to be. Houses in the WA capital are selling in a median of just 13 days, making it the fastest-selling capital in the country. While that's up slightly from nine days last year, it's still a decade low. The numbers are pretty remarkable: a whopping 76 per cent of Perth suburbs see properties sold within two weeks, and another 21 per cent within a month. That means a staggering 97 per cent of Perth suburbs are turning over properties in under 30 days. The market has well and truly flipped in favour of sellers, with Perth claiming eight of the top 10 fastest-selling suburbs nationwide. MORE NEWS Where rents have almost doubled in 10 years The shocking secret landlords are ignoring Hemsworth who? Underdog beach towns the next Byron Bay Brisbane: Hot on Perth's heels Brisbane comes in as the second-fastest capital, with a median of 21 days on the market. Almost one in five suburbs (19 per cent) are selling within 14 days, and nearly two-thirds (64 per cent) within a month. Overall, 83 per cent of Brisbane suburbs are experiencing healthy selling conditions. Adelaide: The market barometer If you want a snapshot of the average Aussie market, look to Adelaide. Over the past decade, Adelaide has consistently mirrored national trends, making it a reliable indicator of overall market performance. Adelaide's median selling time has remained remarkably stable at around 32 days for the past three years, closely aligning with the national average. It's neither blazing fast nor painfully slow. MORE NEWS: Aussies banking on inheritance to escape financial doom Sydney, Melbourne, and Hobart: The slow lane? Things are taking a little longer in Sydney, Melbourne, and Hobart, with all three cities seeing an increase in median days on market. Sydney has slowed from around 25 to 30 days a decade ago to 34 days currently. However, even in the Harbour City's pricey market, some suburbs are bucking the trend. Bow Bowing, Fairlight, and Werrington County are all seeing sales within 7 to 9 days. Melbourne's median of 36 days places it among the slower-selling capitals. ]However, the trend suggests a return to normal, with the 10-year median hovering around 30 days (excluding a pre-pandemic peak). Hobart has seen the wildest swings, plummeting to single-digit selling times in the mid-to-late 2010s before climbing back to 35 days – essentially back where it started. Despite this, suburbs like Seven Mile Beach are still achieving lightning-fast sales, sharing the top spot as Australia's fastest-selling suburb at just six days. Canberra and Darwin: Consistently the slowest Canberra and Darwin have consistently been the slowest of all capital cities over the past decade. While Canberra's current median of 47 days might raise eyebrows, the data reveals a unique selling pattern. A whopping 68 per cent of suburbs sell within 31 to 60 days, suggesting a methodical market driven by the city's large public sector workforce. Darwin remains the slowest overall, but its current median of 54 days is actually a decade low, down from peaks of over 70 days. What does it all mean? Ultimately, how quickly your house sells depends on a whole range of factors, from location and property type to pricing and presentation. But understanding the trends in your local market is a crucial first step.
CBC
7 days ago
- Business
- CBC
Selling items on Facebook Marketplace? Watch out for this scam
Montreal sellers on Facebook Marketplace say they're facing a new type of scam. Deceptive buyers are trying to gain access to sellers' banking information by sending a fake e-transfer link.
CNA
15-07-2025
- Business
- CNA
Market observers expect moderate rebound in residential en bloc market
Market observers are expecting a moderate rebound in the residential en bloc market. Some are anticipating up to 12 collective sales launches this year, up from around seven last year. But the success may hinge on whether sellers and developers can bridge the gap on price expectations. Alexandra Anand reports.
