How the Real Estate Market is Changing

NAR’s Dr. Jessica Lautz joined PAR President Christopher Beadling for a webinar on current housing demographics, discussing the changing market and how NAR is tracking housing statistics for members.

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Active Listings Up 33.5% Year Over Year

According to Realtor.com®’s Monthly Housing Trends Report for October, the number of active listings across the U.S. rose 33.% year over year, representing 189,000 more houses on the market compared to last October.

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Realtors® Predicting Less Buyer and Seller Traffic

Just 11% of agents nationwide expect a year over year uptick in buyer traffic over the next three months, down 31% year over year, but consistent with July’s numbers. Additionally, most agents are not expecting the number of sellers to rise over the next three months, as just 12% predict we’ll see an increase, down 2% from July and 14% year over year.

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Industry Leaders Discuss Challenges, Changes in Real Estate

Joan Docktor, the president of Berkshire Hathaway HomeServices Fox & Roach Realtors®, the largest single market brokerage in the U.S., along with Helen Hanna Casey, the chief executive officer of Howard Hanna Real Estate Services, the largest independent and family-owned and -operated real estate company in the U.S., discussed industry trends during a PAR webinar this week.

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