Latest news with #homesellers
Daily Mail
20 hours ago
- Business
- Daily Mail
EXCLUSIVE Housing market CONTRACTS in dramatic new signal of crisis... one Southern city is at the epicenter
Frustrated home sellers are pulling their homes off the market because they can't get the prices they want. A softer housing market saw delistings surge 47 percent across the country in May compared to the same time last year.
Yahoo
3 days ago
- Business
- Yahoo
Homes in Livingston County sold for higher prices in April. Here's how much
Newly released data from for April shows potential buyers and sellers in Livingston County saw higher home sales prices than the previous month's median of $379,900. The median home sold for $483,100, an analysis of data from shows. That means April, the most recent month for which figures are available, was up 27.2% from March. Compared to April 2024, the median home sales price was up 39.4% compared to $346,500. sources sales data from real estate deeds, resulting in a few months' delay in the data. The statistics don't include homes currently listed for sale and aren't directly comparable to listings data. Information on your local housing market, along with other useful community data, is available at Looking only at single-family homes, the $397,500 median selling price in Livingston County was down 1.9% in April from $405,000 the month prior. Since April 2024, the sales price of single-family homes was up 13.3% from a median of $350,722. Four single-family homes sold for $1 million or more during the month, compared to three recorded transactions of at least $1 million in April 2024. Condominiums and townhomes increased by 53.7% in sales price during April to a median of $538,000 from $349,950 in March. Compared to April 2024, the sales price of condominiums and townhomes was up 65.6% from $324,950. Two condominiums or townhomes sold for $1 million or more during the month, compared to one recorded transaction of at least $1 million in April 2024. In April, the number of recorded sales in Livingston County rose by 25.7% since April 2024 — from 214 to 269. All residential home sales totaled $128.6 million. Across Michigan, homes sold at a median of $240,030 during April, up 3.2% from $232,607 in March. There were 10,478 recorded sales across the state during April, down 4.1% from 10,921 recorded sales in April 2024. The total value of recorded residential home sales in Michigan increased by 24.2% from $2.6 billion in March to $3.2 billion this April. Of all residential home sales in Michigan, 1.73% of homes sold for at least $1 million in April, up from 1.24% in April 2024. Sales prices of single-family homes across Michigan increased by 1.3% from a median of $223,997 in March to $226,875 in April. Since April 2024, the sales price of single-family homes across the state was up 3.6% from $218,905. Across the state, the sales price of condominiums and townhomes rose 6.6% from a median of $294,762 in March to $314,295 during April. The median sales price of condominiums and townhomes is up 13.3% from the median of $277,375 in April 2024. The median home sales price used in this report represents the midway point of all the houses or units listed over the given period of time. The median offers a more accurate view of what's happening in a market than the average sales price, which would mean taking the sum of all sales prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high sale. 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 Livingston Daily: Homes in Livingston County sold for higher prices in April. Here's how much
Yahoo
3 days ago
- Business
- Yahoo
Homes in Lenawee County sold for higher prices in April. Here's how much
Newly released data from for April shows potential buyers and sellers in Lenawee County saw higher home sales prices than the previous month's median of $203,000. The median home sold for $210,000, an analysis of data from shows. That means April, the most recent month for which figures are available, was up 3.4% from March. Compared to April 2024, the median home sales price was up 6.1% compared to $197,900. sources sales data from real estate deeds, resulting in a few months' delay. The statistics don't include homes currently listed for sale and aren't directly comparable to listings data. Information on your local housing market, along with other useful community data, is available at Looking only at single-family homes, the $190,875 median selling price in Lenawee County was down 4.6% in April from $200,000 the month prior. Since April 2024, the sales price of single-family homes was up 2.4% from a median of $186,500. Five single-family homes sold for $1 million or more during the month, compared to one recorded transactions of at least $1 million in April 2024. Condominiums and townhomes decreased by 22.8% in sales price during April to a median of $297,375 from $385,000 in March. Compared to April 2024, the sales price of condominiums and townhomes was slightly up from $295,500. Eight condominiums or townhomes sold for $1 million or more during the month, compared to zero recorded transactions of $1 million in April 2024. In April, the number of recorded sales in Lenawee County dropped by 22.6% since April 2024 — from 133 to 103. All residential home sales totaled $57.5 million. Across Michigan, homes sold at a median of $240,030 during April, up 3.2% from $232,607 in March. There were 10,478 recorded sales across the state during April, down 4.1% from 10,921 recorded sales in April 2024. The total value of recorded residential home sales in Michigan increased by 24.2% from $2.6 billion in March to $3.2 billion this April. Of all residential home sales in Michigan, 1.73% of homes sold for at least $1 million in April, up from 1.24% in April 2024. Sales prices of single-family homes across Michigan increased by 1.3% from a median of $223,997 in March to $226,875 in April. Since April 2024, the sales price of single-family homes across the state was up 3.6% from $218,905. Across the state, the sales price of condominiums and townhomes rose 6.6% from a median of $294,762 in March to $314,295 during April. The median sales price of condominiums and townhomes is up 13.3% from the median of $277,375 in April 2024. The median home sales price used in this report represents the midway point of all the houses or units listed over the given period of time. The median offers a more accurate view of what's happening in a market than the average sales price, which would mean taking the sum of all sales prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high sale. 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 The Daily Telegram: Homes in Lenawee County sold for higher prices in April. Here's how much
Yahoo
12-07-2025
- Business
- Yahoo
Why America Is Still in a Housing Slump — and What That Means for You
This time last year, things seemed to be improving for the U.S. housing market. Mortgage rates and inflation were falling. Inventory was on the rise. Home prices appeared to be leveling off. And when the Federal Reserve cut the federal funds rate by half a point in September 2024, it looked as though mortgage rates might drop further. Be Aware: Check Out: As it turned out, last year's falling rates were largely anticipatory, reflecting an expected federal funds rate cut. In addition, the economic strength that prompted the rate cut drove 10-year Treasury yields up, and with them, mortgage rates. Higher inventory and slightly lower home prices haven't been enough to pull the housing market out of the slump. Uncertainty over how tariffs might affect consumer prices, and skittishness over jobs, are two of the factors keeping buyers on the fence. Here's what that means for your wallet. While increased inventory hasn't reversed the housing market slump, it has given buyers more options. Nationwide, home sellers outnumber homebuyers by 500,000, according to Redfin. That imbalance is a factor in moderating home prices, and it could be especially beneficial now that prime buying season has passed. In addition to slowing the growth of home prices, excess inventory gives buyers more negotiating power. Try This: Even if you can't get a price reduction, you might ask for seller concessions, where the seller pays some or all of your closing costs by allowing you to finance them or by paying them outright. Negotiating power can also sway the seller to make repairs or agree to other conditions. Sellers have had the upper hand since the housing crunch began, and they still do in some markets. But in places where buyers rule, the need to price competitively might come as a shock to sellers who expected bidding wars on their homes. A realistic price is especially important in markets where home prices are falling: Start too high and you could get caught in a race to the bottom of the market. Competition among sellers also means your home should be in tip-top shape before you list it. You might even consider ordering your own home inspection and sharing the report with prospective buyers. Eliminating concerns about the condition of your home can give you a definite leg up on the competition. Finally, don't skimp on the marketing. Professional photos, and marketing copy written by a local market expert who'll add nuances you can't get from AI, are key. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 3 Reasons Retired Boomers Shouldn't Give Their Kids a Living Inheritance (And 2 Reasons They Should) The 10 Most Reliable SUVs of 2025 This article originally appeared on Why America Is Still in a Housing Slump — and What That Means for You Sign in to access your portfolio
Yahoo
12-07-2025
- Business
- Yahoo
Homes in Kent County sold for lower prices recently: See how much here
Newly released data from for April shows that potential buyers and sellers in Kent County saw slightly lower home sale prices than the previous month's median of $339,000. The median home sold for $336,450, an analysis of data from shows. That means April, the most recent month for which figures are available, was slightly down from March. Compared with April 2024, the median home sales price was down 4.4% compared with $352,000. sources sales data from real estate deeds, resulting in a few months' delay in the data. The statistics don't include homes currently listed for sale and aren't directly comparable to listings data. More: Homes in Sussex County sold for higher prices recently: See how much here More: Homes in Sussex County sold for higher prices recently: See how much here Information on your local housing market, along with other useful community data, is available at Here is a breakdown of median sale prices: Looking only at single-family homes, the $337,000 median selling price in Kent County was slightly down in April from $338,000 the month prior. Since April 2024, the sales price of single-family homes was down 4.8% from a median of $353, single family home sold for $1 million or more during the month, compared with four recorded transactions of at least $1 million in April 2024. Condominiums and townhomes decreased by 60% in sales price during April to a median of $320,000 from $800,000 in March. Compared with April 2024, the sales price of condominiums and townhomes was up 8.5% from $295,000. No condominiums or townhomes sold for $1 million or more during April. In April, the number of recorded sales in Kent County dropped by 36.6% since April 2024 — from 227 to 144. All residential home sales totaled $50.7 million. Across Delaware, homes sold at a median of $375,000 during April, a slight decrease from $376,250 in March. There were 987 recorded sales across the state during April, down 18.8% from 1,215 recorded sales in April 2024. Here's a breakdown for the full state: The total value of recorded residential home sales in Delaware decreased by 11.1% from $517.3 million in March to $460 million this April. Out of all residential home sales in Delaware, 4.96% of homes sold for at least $1 million in April, up from 4.36% in April 2024. Sales prices of single-family homes across Delaware increased by 2.5% from a median of $390,000 in March to $399,900 in April. Since April 2024, the sales price of single-family homes across the state was up 3.9% from $385,000. Across the state, the sales price of condominiums and townhomes dropped 2% from a median of $325,000 in March to $318,450 during April. The median sales price of condominiums and townhomes is down 9.8% from the median of $353,000 in April 2024. The median home sales price used in this report represents the midway point of all the houses or units listed over the given period of time. The median offers a more accurate view of what's happening in a market than the average sales price, which would mean taking the sum of all sales prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high sale. 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: Homes in Kent County sold for lower prices recently: See how much here
