You Need "Zillow on Steroids"

As always, this is not automated. That's right, I type out every word you see (unless there's a typo, then it's automated ??).

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?? PHILLY METRO HOUSING REPORT, SEPTEMBER 23RD-29TH, 2024 ??

• Buyers Becoming More Active to End September. New contract activity remains robust as we move into fall, with 1,928 new contracts signed across the Philly Metro during the week ending September 29th. This marks an impressive +11.4% increase compared to the same week last year, reflecting growing buyer confidence in today's market. With mortgage rates easing and inventory steadily rising, buyers are finding more opportunities to make their move!
• New Listings Firmly Exceed 2023. There were 1,727 new listings for the week, marking a significant +10.1% increase compared to the same week last year. In fact, the past three weeks have seen a noticeable surge in new listings above 2023 levels. Sellers are responding to declining mortgage rates, as well as evolving family and financial situations, prompting more homeowners to put their properties on the market.
• Showings Not Following Purchase Activity. Last week, there were 26,516 showings across the Philly Metro, reflecting a slight -1.8% dip compared to the same week in 2023 and a -1.1% decrease from the previous week. This decline is surprising, given that new purchase contracts, inventory, and affordability have all risen during this period. In other words, there’s less competition, and homes are more available and affordable right now. This signals a prime window for BUYER OPPORTUNITY.

TLDR: Real estate activity is picking up in Philly Metro, with increases in both new listings and home purchases. Despite a slight drop in listing prices this week, they remain higher than this time last year.

FUN FACT: 84% of New Homebuyers Say Online Research Was Crucial to Find Their Dream Property.

As a licensed realtor, I offer my clients access to a powerful platform called Bright MLS - think of it as “Zillow on steroids.”

Many buyers conduct their own online research before partnering with a realtor. However, relying solely on public sites may not provide you with the advantage you need to succeed.

Here’s why:

Accuracy: Listings on Bright MLS are entered directly by the agents representing the properties, ensuring that the information is both accurate and up-to-date. Unlike public real estate websites, which aggregate data from various sources without verification, Bright MLS provides reliable listings. I can’t count how many times clients have shared listings they found online, only to discover that the properties were no longer available or that the details were incorrect.

Early Access: As your real estate professional, I have exclusive access to “Coming Soon” listings that I can share directly through your personalized search portal. These listings are shared by agents to create buzz but aren’t available to the public or on other platforms. With an MLS search set up with me, you’ll be ready to submit an offer on your dream property before most buyers even know it’s available. This advantage is MASSIVE.

Customization: Each client receives a personalized search portal tailored to the criteria we discuss during our buyer consultation. Whether you’re looking for specific neighborhoods, minimum bed/bath counts, parking requirements, and more, your custom portal streamlines your search. This allows you to focus on properties that genuinely meet your needs, free from the clutter of irrelevant listings.

Peace of Mind: As your trusted real estate advisor, my role isn’t to tell you which home to buy - in fact, it’s usually the opposite. I use my experience to provide you with valuable insights on the listings in your portal, pointing out both the strengths and potential drawbacks of each property. This way, you can skip wasting time on unsuitable showings and focus on making informed decisions that align with your goals.

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I know I can’t stop you from searching online, but I urge you not to rely on outdated and inaccurate listings from public sites.

Whether you’re ready to buy now or just keeping an eye on the market, I’m here to make the process easier and more efficient for you.

Contact me today to access your personalized search portal!

Want to chat?

C: 215-779-8961

E: [email protected]

Social: @dbsellsphilly