Wendy Heath Santeramo

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May 2022 Market Trends

Posted On: May 21st, 2022 7:48PM

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April 2022 - Housing Inventory By Zip Code

Posted On: May 20th, 2022 12:20PM

This data shows the momentum, or direction, in inventory for the market. It compares inventory in April 2022 to April 2021. The source of the data is Realtor(dot)com

 

 

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Historical Home Inventory

Posted On: May 20th, 2022 11:32AM

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May 18th, 2022 Market Update

Posted On: May 20th, 2022 10:51AM

Market Update, May 19, 2022

First, there has been a significant increase in new listings that hit the market this week. This week, there were 25% more new listings than last week. With more homes for sale, buyers have more choices.

The increased number of homes on the market is interesting, but the large number of homes with price reductions is also telling. The number of homes with decreased asking prices roses almost 50%. This shows that the market is shifting. 

No matter what a seller - or a real estate agent - believes a property is worth, the real value is determined by what someone is willing to pay. Unfortunately, the market has determined that many homes are over-priced right now. 

In Westminster, 16% of the homes for sale have been reduced in price. In Highlands Ranch, almost a third of homes for sale - 32% - have been reduced. In Denver, that number is 20%. 

If you're about to sell your home, you'll need to price for the market we're actually in, not the one we were in two or three months ago. Homes have significantly increased in price over the past year. If you've owned your home for a while, you're bound to do well when you sell. On the other hand, if you overprice your home, your home will take longer to sell and will likely sell at a lower price than had you priced it at market value. If you're a buyer, understand that prices continue to increase, and the market still favors sellers.

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HomeSmart Recognized As Most Trusted Brokerage

Posted On: May 7th, 2022 1:29PM

 

 

So proud to be a part of a company that has been recognized as the most trusted brokerage in the US. 

 

HomeSmart Ranks Highest in Brand Trust According to 2022 Survey

Lifestory Research Reports HomeSmart as the 2022 America’s Most Trusted® Residential Real Estate Brokerage

SCOTTSDALE, Ariz. – HomeSmart, headquartered in Scottsdale, has been recognized as the 2022 America’s Most Trusted® Residential Real Estate Brokerage, according to a survey done by Lifestory Research. 

“We are honored that the HomeSmart brand has been recognized as trustworthy by our clients,” HomeSmart CEO and Founder Matt Widdows said. “The HomeSmart team prides itself on being a reliable resource for home buyers and sellers. We are in the business of helping people find their dream homes, and HomeSmart agents are there to walk people through the process, provide professional advice and support their decisions.”

Over the course of a year, 7,244 clients who had used a brokerage while shopping for a home were surveyed and asked their opinions about different real estate brokerages brands. In the Lifestory Research 2022 America’s Most Trusted® study, consumers evaluate several brand equity metrics to understand how trust operates in service environments and to identify brand performance. By receiving a Net Trust Quotient Score of 123.6 among these shoppers, HomeSmart earned the #1 ranking in the 2022 Lifestory Research America’s Most Trusted® Residential Real Estate Brokerage study. 

“Our wonderful agents and everyone at the HomeSmart team work diligently to meet our clients’ needs,” HomeSmart President Ashley Bowers said. “Rankings, like the America’s Most Trusted® surveys, inspire all of us to continue our commitment to our clients.”  

HomeSmart received the highest numerical score in the proprietary Lifestory Research 2022 America’s Most Trusted® Residential Real Estate Brokerage study. Study results are based on experiences and perceptions of people surveyed. Your experiences may vary. Visit lifestoryresearch.com for more information about the Lifestory Research 2022, America’s Most Trusted® Residential Real Estate Brokerage study. To learn more regarding the methodology for research, please visit: lifestoryresearch.com/americas-most-trusted/survey-methodology.

HomeSmart is ranked in the top 10 real estate brokerages in the United States by the RealTrends 500. For more information on HomeSmart, please visit homesmart.com. Follow HomeSmart on Facebook at www.facebook.com/homesmartfranchise and on Twitter and Instagram @HomeSmartIntl.

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