{"id":1211,"date":"2017-02-23T00:00:00","date_gmt":"2017-02-23T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/new-reality-buyers-face-fewer-choices\/"},"modified":"2017-02-23T00:00:00","modified_gmt":"2017-02-23T00:00:00","slug":"new-reality-buyers-face-fewer-choices","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/new-reality-buyers-face-fewer-choices\/","title":{"rendered":"New Reality? Buyers Face Fewer Choices"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div readability=\"39.51409978308\">\n<!--\n\n<pre>-->  \n  <div property=\"dc:description\" readability=\"33.676789587852\"><!--paging_filter--><p>Many markets are seeing so few new <a href=\"https:\/\/amazingproperty.com.ng\/blog\/property-center-nigeria\/\">listings<\/a> that they may not be able to meet the strong buyer demand heading into real estate\u2019s traditionally busiest season. Listings are down more than 7 percent compared to a year ago across the country, according to the latest data by the National Association of REALTORS\u00ae.<\/p>\n\n<blockquote readability=\"9.3267326732673\">\n<p><strong>Where Homes Are Selling the Fastest<\/strong><\/p>\n\n<p><a href=\"https:\/\/amazingproperty.com.ng\/blog\/estate-agents-nearby\/\">Realtor<\/a>.com\u00ae inventory data shows the following metro areas had listings that stayed on the market the shortest amount of time in January:<\/p>\n\n<ul><li>San Jose-Sunnyvale-Santa Clara, Calif.: 43 days<\/li>\n\t<li>San Francisco-Oakland-Hayward, Calif.: 47 days<\/li>\n\t<li>San Diego-Carlsbad, Calif.: 55 days<\/li>\n\t<li>Seattle-Tacoma-Bellevue, Wash.: 57 days<\/li>\n\t<li>Nashville-Davidson-Murfreesboro-Franklin, Tenn.: 58 days<\/li>\n\t<li>Vallejo-Fairfield, Calif.: 58 days<\/li>\n\t<li>Greeley, Colo.: 58 days<\/li>\n<\/ul><p><em>Source: National Association of REALTORS\u00ae<\/em><\/p>\n<\/blockquote>\n\n<p>\u201cCompetition is likely to heat up even more heading into the spring for house hunters looking for homes in the lower- and mid-market price range,\u201d says Lawrence Yun, NAR\u2019s chief economist.<\/p>\n\n<blockquote readability=\"1.1458333333333\">\n<p><strong>Read more<\/strong>: Existing-Home Sales Reach Decade High<\/p>\n<\/blockquote>\n\n<p>Realtor.com\u00ae notes that the following markets are particularly very light on listings:<\/p>\n\n<ul><li>Chicago: -13% (active listings compared to a year ago)<\/li>\n\t<li>Philadelphia: -14%<\/li>\n\t<li>Washington: -15%<\/li>\n\t<li>Seattle: -17%<\/li>\n\t<li>Minneapolis: -18%<\/li>\n\t<li>St. Louis: -12%<\/li>\n\t<li>Baltimore: -16%<\/li>\n\t<li>Cleveland: -18%<\/li>\n\t<li>Orlando, Fla.: -19%<\/li>\n<\/ul><p>On the other hand, home shoppers may find more choices this year in a few select markets. Notably, Las Vegas is seeing an 18 percent increase in active listings compared to a year ago; Pittsburgh is seeing a 9 percent increase; and Houston and San Antonio are posting a 6 percent increase.<\/p>\n\n<p><em>Source: \u201c<a class=\"wpil_keyword_link\" href=\"https:\/\/amazingproperty.com.ng\/blog\/just-nice-property\/\"   title=\"House Hunting\" data-wpil-keyword-link=\"linked\">House Hunting<\/a>? Here\u2019s Where You\u2019ll Find What You Want, and Where You Won\u2019t,\u201d CNBC (Feb. 22, 2017) and \u201cExisting-Home Sales Reach Decade High,\u201d REALTOR\u00ae Magazine Daily News (Feb. 22, 2017)<\/em><\/p>\n<\/div>\n  \n    \n<\/pre>\n\n<\/div>\n\n\n<br \/>[ad_2]\n<br \/><a href=\"http:\/\/feedproxy.google.com\/~r\/DailyRealEstateNews\/~3\/TOuZFn1rXpU\/new-reality-buyers-face-fewer-choices\">Source link <\/a>\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Many markets are seeing so few new listings that they may not be able to &hellip; <a title=\"New Reality? Buyers Face Fewer Choices\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/new-reality-buyers-face-fewer-choices\/\"><span class=\"screen-reader-text\">New Reality? Buyers Face Fewer Choices<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":1212,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[4751,1403,12908,543,127,617,41,818,84,479,15282],"class_list":["post-1211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-amazing","tag-buy","tag-home","tag-home-buying-guide","tag-homes","tag-house","tag-property","tag-real","tag-real-estate","tag-realtor","tag-ross"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/TOuZFn1rXpU","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":6832,"url":"https:\/\/amazingproperty.com.ng\/blog\/the-housing-hot-list-for-october\/","url_meta":{"origin":1211,"position":0},"title":"The Housing Hot List for October","author":"Amazing Property","date":"October 30, 2017","format":false,"excerpt":"Listing prices for residential homes remained near record highs in October, according to a preliminary analysis by realtor.com\u00ae. The median list price nationwide was $274,000, near the $275,000 record set in June. One point of relief for \u201cmarket-fatigued buyers\u201d who\u2019ve faced low inventories for the past few years is that\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Top 20 Mrkts Oct17.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/top_20_mrkts_oct17.png?fit=620%2C916&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/top_20_mrkts_oct17.png?fit=620%2C916&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/top_20_mrkts_oct17.png?fit=620%2C916&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":2608,"url":"https:\/\/amazingproperty.com.ng\/blog\/where-homes-sold-the-fastest-in-february\/","url_meta":{"origin":1211,"position":1},"title":"Where Homes Sold the Fastest in February","author":"Amazing Property","date":"March 27, 2017","format":false,"excerpt":"Forty-two percent of homes sold in February were listed for less than a month across the country, according to the latest data release from the National Association of REALTORS\u00ae. Properties, on average, stayed on the market for 45 days last month, down significantly from a year ago when the nationwide\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5112,"url":"https:\/\/amazingproperty.com.ng\/blog\/junes-hot-list-the-top-20-housing-markets\/","url_meta":{"origin":1211,"position":2},"title":"June\u2019s Hot List: The Top 20 Housing Markets","author":"Amazing Property","date":"June 29, 2017","format":false,"excerpt":"[ad_1] Home prices are escalating as the real estate industry rolls through its busiest season for buying and selling, according to realtor.com\u00ae. The median list price for all housing types pushed above $250,000 for the first time ever in May, according to the National Association of REALTORS\u00ae, and realtor.com\u00ae predicts\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/top_20_mrkts_Jun17.png?fit=620%2C916&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/top_20_mrkts_Jun17.png?fit=620%2C916&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/top_20_mrkts_Jun17.png?fit=620%2C916&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":3784,"url":"https:\/\/amazingproperty.com.ng\/blog\/48-of-homes-sell-in-less-than-a-month\/","url_meta":{"origin":1211,"position":3},"title":"48% of Homes Sell in Less Than a Month","author":"Amazing Property","date":"April 24, 2017","format":false,"excerpt":"Forty-eight percent of homes sold in March were on the market for less than a month, according to housing data from the National Association of REALTORS\u00ae. The average for all sold properties, though, was a little higher, at 34 days. Still, that's down significantly from 47 days a year ago,\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7563,"url":"https:\/\/amazingproperty.com.ng\/blog\/2017-in-review-20-hottest-markets-this-year\/","url_meta":{"origin":1211,"position":4},"title":"2017 in Review: 20 Hottest Markets This Year","author":"Amazing Property","date":"December 21, 2017","format":false,"excerpt":"California housing markets were the all-stars in 2017, claiming more than half of the top 20 spots for booming markets this year. But recent wildfires in the state may be taking a toll. Santa Rosa, which faced destructive blazes this fall, dropped seven spots and fell out of the top\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Top 20 Mrkts 2017 Yearend.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/top_20_mrkts_2017-yearend.png?fit=620%2C916&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/top_20_mrkts_2017-yearend.png?fit=620%2C916&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/top_20_mrkts_2017-yearend.png?fit=620%2C916&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":6437,"url":"https:\/\/amazingproperty.com.ng\/blog\/the-20-hottest-housing-markets-in-september\/","url_meta":{"origin":1211,"position":5},"title":"The 20 Hottest Housing Markets in September","author":"Amazing Property","date":"September 28, 2017","format":false,"excerpt":"California continued to dominate realtor.com\u00ae\u2019s latest rankings of top-performing housing markets. The state boasted 11 metros on this month\u2019s top 20 list for markets that are seeing the quickest sales and most buyer demand online at realtor.com\u00ae. Read more: 8 Hot Markets That Aren't Facing a Bubble For the first\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"top_20_mrkts_0917-r.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/09\/top_20_mrkts_0917-r.png?fit=600%2C886&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/09\/top_20_mrkts_0917-r.png?fit=600%2C886&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/09\/top_20_mrkts_0917-r.png?fit=600%2C886&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/1211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=1211"}],"version-history":[{"count":1,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/1211\/revisions"}],"predecessor-version":[{"id":94238,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/1211\/revisions\/94238"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/1212"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=1211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=1211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=1211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}