Several Florida cities, including Crestview, Deltona and Ocala, are a boon for buyers, coming in among the top 50 U.S. cities that had the most homes sell under the asking in 2023.
MIAMI – It's a tough time to be in the market for a new house.
The average 30-year fixed rate mortgage rose above 7% at the start of November 2022, the highest level in more than a decade, as the Federal Reserve raised its benchmark rates to combat inflation. Rates have dipped slightly since but remain at historic highs. Even a half of a percentage point change can significantly affect the monthly payments required for a mortgage.
Since mortgage rates were under 4% for the better part of the past decade, many homebuyers locked in far more affordable rates than what's on offer in today's environment. And sellers aren't exactly coming down on price—nationally, home prices are still increasing, just more slowly than they did during the height of the pandemic.
The median sale price in November 2023 was $408,732, according to Redfin, 3.7% higher than the year before. And yet, there are still metro areas where homebuyers find homes selling below the asking price, especially in markets that recorded large price growth over the last few years.
Stacker analyzed data from Redfin to see which metros had the most homes sell under the asking price. Metros include the main city as well as its surrounding towns and suburbs. Metros with fewer than 300 home sales in November 2023 are excluded from this list. The ranking considers the average sale-to-list ratio, which is the difference between what a home listed for and how much a buyer actually paid. Also listed are the metro area's median listing prices for homes on the market in November and median sale prices for homes that sold during that month.
50. Fayetteville, Arkansas
Average price difference: -1.93% under asking
Median list price: $380,000
Median sale price: $348,000
Total homes sold: 705
Share that sold above list: 14.8%
49. Fort Worth, Texas
Average price difference: -1.94% under asking
Median list price: $358,279
Median sale price: $350,000
Total homes sold: 1,832
Share that sold above list: 20.6%
48. Louisville, Kentucky
Average price difference: -1.97% under asking
Median list price: $263,900
Median sale price: $260,000
Total homes sold: 1,194
Share that sold above list: 22.4%
47. Spartanburg, South Carolina
Average price difference: -2.00% under asking
Median list price: $301,344
Median sale price: $280,000
Total homes sold: 391
Share that sold above list: 12.8%
46. Augusta, Georgia
Average price difference: -2.01% under asking
Median list price: $295,000
Median sale price: $260,000
Total homes sold: 599
Share that sold above list: 19.0%
45. Killeen, Texas
Average price difference: -2.15% under asking
Median list price: $289,650
Median sale price: $262,750
Total homes sold: 400
Share that sold above list: 16.2%
44. Honolulu, Hawaii
Average price difference: -2.19% under asking
Median list price: $759,000
Median sale price: $684,500
Total homes sold: 492
Share that sold above list: 22.8%
43. Tulsa, Oklahoma
Average price difference: -2.21% under asking
Median list price: $268,250
Median sale price: $250,000
Total homes sold: 890
Share that sold above list: 27.1%
42. Dallas, Texas
Average price difference: -2.25% under asking
Median list price: $425,000
Median sale price: $413,500
Total homes sold: 3,960
Share that sold above list: 16.2%
41. Indianapolis, Indiana
Average price difference: -2.28% under asking
Median list price: $279,900
Median sale price: $289,350
Total homes sold: 2,250
Share that sold above list: 16.9%
40. Little Rock, Arkansas
Average price difference: -2.29% under asking
Median list price: $255,000
Median sale price: $215,912
Total homes sold: 619
Share that sold above list: 19.2%
39. Flint, Michigan
Average price difference: -2.30% under asking
Median list price: $179,900
Median sale price: $180,000
Total homes sold: 423
Share that sold above list: 26.0%
38. Myrtle Beach, South Carolina
Average price difference: -2.31% under asking
Median list price: $350,770
Median sale price: $325,885
Total homes sold: 1,502
Share that sold above list: 8.4%
37. Baton Rouge, Louisiana
Average price difference: -2.34% under asking
Median list price: $264,900
Median sale price: $260,000
Total homes sold: 600
Share that sold above list: 11.0%
36. Orlando, Florida
Average price difference: -2.35% under asking
Median list price: $405,000
Median sale price: $399,990
Total homes sold: 2,810
Share that sold above list: 13.3%
35. Gary, Indiana
Average price difference: -2.38% under asking
Median list price: $274,935
Median sale price: $264,950
Total homes sold: 606
Share that sold above list: 19.3%
34. Daphne, Alabama
Average price difference: -2.39% under asking
Median list price: $399,441
Median sale price: $368,500
Total homes sold: 388
Share that sold above list: 9.5%
33. Pensacola, Florida
Average price difference: -2.40% under asking
Median list price: $339,000
Median sale price: $324,450
Total homes sold: 560
Share that sold above list: 15.2%
32. Detroit, Michigan
Average price difference: -2.40% under asking
Median list price: $154,900
Median sale price: $171,750
Total homes sold: 1,520
Share that sold above list: 37.1%
31. Reno, Nevada
Average price difference: -2.41% under asking
Median list price: $529,900
Median sale price: $535,000
Total homes sold: 408
Share that sold above list: 15.4%
30. Tampa, Florida
Average price difference: -2.45% under asking
Median list price: $395,000
Median sale price: $377,990
Total homes sold: 4,019
Share that sold above list: 12.8%
29. North Port, Florida
Average price difference: -2.52% under asking
Median list price: $518,736
Median sale price: $469,472
Total homes sold: 1,643
Share that sold above list: 11.9%
28. Houston, Texas
Average price difference: -2.52% under asking
Median list price: $339,900
Median sale price: $326,990
Total homes sold: 6,164
Share that sold above list: 14.1%
27. Lafayette, Louisiana
Average price difference: -2.66% under asking
Median list price: $242,000
Median sale price: $220,000
Total homes sold: 310
Share that sold above list: 13.5%
26. Jacksonville, Florida
Average price difference: -2.75% under asking
Median list price: $369,000
Median sale price: $375,000
Total homes sold: 1,819
Share that sold above list: 12.7%
25. Peoria, Illinois
Average price difference: -2.75% under asking
Median list price: $139,900
Median sale price: $146,900
Total homes sold: 401
Share that sold above list: 27.2%
24. Palm Bay, Florida
Average price difference: -2.76% under asking
Median list price: $373,900
Median sale price: $354,900
Total homes sold: 892
Share that sold above list: 9.4%
23. Hilton Head Island, South Carolina
Average price difference: -2.76% under asking
Median list price: $525,084
Median sale price: $530,000
Total homes sold: 400
Share that sold above list: 11.0%
22. Ocala, Florida
Average price difference: -2.78% under asking
Median list price: $281,944
Median sale price: $275,000
Total homes sold: 710
Share that sold above list: 13.5%
21. Montgomery, Alabama
Average price difference: -2.85% under asking
Median list price: $234,500
Median sale price: $234,725
Total homes sold: 330
Share that sold above list: 13.0%
20. Pittsburgh, Pennsylvania
Average price difference: -2.87% under asking
Median list price: $218,000
Median sale price: $210,000
Total homes sold: 1,755
Share that sold above list: 28.3%
19. Memphis, Tennessee
Average price difference: -2.92% under asking
Median list price: $278,000
Median sale price: $269,000
Total homes sold: 998
Share that sold above list: 17.0%
18. Austin, Texas
Average price difference: -2.95% under asking
Median list price: $489,990
Median sale price: $425,000
Total homes sold: 2,003
Share that sold above list: 12.0%
17. Deltona, Florida
Average price difference: -2.97% under asking
Median list price: $369,900
Median sale price: $351,995
Total homes sold: 984
Share that sold above list: 10.6%
16. Philadelphia, Pennsylvania
Average price difference: -3.15% under asking
Median list price: $260,000
Median sale price: $237,750
Total homes sold: 1,657
Share that sold above list: 26.5%
15. Crestview, Florida
Average price difference: -3.16% under asking
Median list price: $482,200
Median sale price: $409,900
Total homes sold: 519
Share that sold above list: 11.4%
14. Fort Lauderdale, Florida
Average price difference: -3.31% under asking
Median list price: $435,000
Median sale price: $426,000
Total homes sold: 1,946
Share that sold above list: 15.1%
13. Port St. Lucie, Florida
Average price difference: -3.34% under asking
Median list price: $429,900
Median sale price: $406,900
Total homes sold: 687
Share that sold above list: 10.6%
12. Cape Coral, Florida
Average price difference: -3.45% under asking
Median list price: $449,000
Median sale price: $395,000
Total homes sold: 1,318
Share that sold above list: 10.1%
11. Gulfport, Mississippi
Average price difference: -3.48% under asking
Median list price: $270,062
Median sale price: $249,650
Total homes sold: 380
Share that sold above list: 12.9%
10. Miami, Florida
Average price difference: -3.57% under asking
Median list price: $580,000
Median sale price: $515,000
Total homes sold: 1,772
Share that sold above list: 14.8%
9. Punta Gorda, Florida
Average price difference: -3.57% under asking
Median list price: $389,999
Median sale price: $353,248
Total homes yonkers real estate sold: 488
Share that sold above list: 8.0%
8. Panama City, Florida
Average price difference: -3.83% under asking
Median list price: $399,900
Median sale price: $360,000
Total homes sold: 315
Share that sold above list: 8.9%
7. San Antonio, Texas
Average price difference: -3.92% under asking
Median list price: $319,999
Median sale price: $295,000
Total homes sold: 2,156
Share that sold above list: 13.4%
6. Springfield, Missouri
Average price difference: -3.98% under asking
Median list price: $249,900
Median sale price: $264,400
Total homes sold: 465
Share that sold above list: 0.6%
5. Naples, Florida
Average price difference: -4.02% under asking
Median list price: $829,900
Median sale price: $601,000
Total homes sold: 595
Share that sold above list: 6.6%
4. West Palm Beach, Florida
Average price difference: -4.11% under asking
Median list price: $516,000
Median sale price: $460,000
Total homes sold: 1,764
Share that sold above list: 8.9%
3. New Orleans, Louisiana
Average price difference: -4.24% under asking
Median list price: $291,900
Median sale price: $268,000
Total homes sold: 776
Share that sold above list: 11.7%
2. Youngstown, Ohio
Average price difference: -4.36% under asking
Median list price: $149,900
Median sale price: $150,000
Total homes sold: 437
Share that sold above list: 25.4%
1. Jackson, Mississippi
Average price difference: -4.55% under asking
Median list price: $229,450
Median sale price: $210,000
Total homes sold: 431
Share that sold above list: 16.2%
Optimizing Law Firm Revenue
Attention, small law firm owners! Do you sometimes feel like you need help maximizing revenue and ensuring the profitability of your practice? Well, you're not alone. The good news is that there are steps you can take to optimize your revenue streams and build a profitable practice. But first things first, you need to measure what you want to improve.
Start by identifying and evaluating your revenue streams across various areas of the law. By analyzing each revenue stream's profitability and growth potential, you can determine your best area of focus and identify areas of strength and opportunities for improvement. Don't forget to assess your firm's cost structure too. By examining the expenses associated with different revenue streams, you can identify areas where costs can be reduced or optimized. This will ensure long-term sustainability by matching the costs with revenue.
But why stop there? An effective way to reduce dependence on a single source of income is to explore diversification. This could involve expanding service offerings, entering higher-paying practice areas, targeting new client segments, or exploring alternative revenue models. Diversifying minimizes the risk associated with relying on a single revenue stream and opens up CFO services for law firm new opportunities for growth and expansion.
Market analysis is key to understanding your target market and the legal services that are in high demand within that market. By conducting thorough market research and staying up-to-date with industry trends, you can identify the most lucrative practice areas and tailor your services accordingly.
In conclusion, revenue is an important metric for small law firm owners who aim to build profitable practices. By evaluating existing revenue streams, diversifying income sources, and understanding the law firm’s market and niche, owners can unlock the secrets to success in the legal industry. Don't wait any longer, start measuring and optimizing your revenue streams today!
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UPC Barcodes: What Are They All About?
You've seen them on cereal bins, publications, and just about each individual client solution on retail store shelves. They're the notorious UPC barcodes. But why are they needed? Who's employing them, and what kind of info do they glean from them?
The good news about Universal Solution Code (UPC) barcodes is they haven't been used for nefarious authorities functions as was feared every time they have been initially released commercially while in the 1970s. That point may very well be coming Sooner or later, but for now These are harmless to the common client. They can be employed mostly to trace stock for retail, producing and other reasons.
Historical past with the UPC Barcode
The background on the utilized Laptop barcode truly dates again towards the early 1930s and the initial automatic checkout system showcasing technology working with punch playing cards. Inventors Bernard Silver and Joseph Woodland patented the primary barcode system while in the early nineteen fifties based on their own earlier understanding of Individuals earlier punch card systems.
Several organizations and business entities then continued to experiment While using the UPC barcode through the nineteen sixties, but commercial success seemed elusive Generally. On the other hand, inside the early seventies, IBM launched the fashionable barcode for professional use. And what was the first item they coded? A pack of Wrigley's Juicy Fruit chewing gum.
How it Works
A regular UPC barcode is made up of a combination of black strips, white Areas and numerical digits. A total of twelve digits make up the UPC variety, with Each individual number sequence staying represented by a particular mixture of black strips and white spaces. Uniqueness is upc barcode achieved by permitting only one method to Show any numerical sequence.
By arranging the black strips and white spaces appropriately, the UPC barcode supplies a graphical graphic which might be scanned utilizing infrared gentle or other very similar technologies. The distinctive amount sequence of each personal code may be used to retrieve and retail outlet info linked to the product scanned.
Do it yourself UPC Barcodes
Companies similar to the U.S. Postal Services and UPS use UPC barcodes to trace packages. Stores like Walmart and Kmart make use of the codes to trace inventory in warehouses and native malls. Companies even use the codes to regulate raw resources coming in and concluded solutions heading out. But you can use them by yourself to control your own private smaller organization or keep track of possessions in your home for coverage applications.
There are a variety of absolutely free software packages that permit unique individuals to develop and print their unique barcodes. All you might want to do is connection them to some databases or spreadsheet, then print a label and fix it to regardless of what you would like to track. With a smart telephone or PDA your UPC bar codes develop into a straightforward and effective approach to monitor nearly anything you drive.
UPC Barcodes: Exactly what are All of them About?
You've got observed them on cereal packing containers, textbooks, and nearly each client item on store shelves. They are really the notorious UPC barcodes. But why are they desired? Who's applying them, and what sort of information and facts do they glean from them?
The good news about Universal Product Code (UPC) barcodes is they have not been employed for nefarious governing administration applications as was feared whenever they have been initial introduced commercially during the nineteen seventies. That time may very well be coming Down the road, but for now They may be harmless to the common buyer. They are utilised mainly to track stock for retail, manufacturing and other reasons.
Historical past from the UPC Barcode
The record from the utilised Personal computer barcode really dates back into the early 1930s and the primary automatic checkout procedure showcasing technology employing punch cards. Inventors Bernard Silver and Joseph Woodland patented the first barcode technique within the early fifties based on their own former understanding of Those people earlier punch card programs.
Different businesses and business entities then ongoing to experiment While using the UPC barcode from the 1960s, still business achievement seemed elusive In most cases. On the other hand, inside the early seventies, IBM released the modern barcode for industrial use. And what was the primary product or service they coded? A pack of Wrigley's Juicy Fruit chewing gum.
How it really works
A standard UPC barcode is made of a combination of black strips, white spaces and numerical digits. A total of twelve digits make up the UPC selection, with Every variety sequence becoming represented by a specific blend of black strips and white Areas. Uniqueness is attained by making it possible for only one way to display any numerical sequence.
By arranging the black strips and white spaces appropriately, the UPC barcode supplies a graphical graphic which might be scanned applying infrared mild or other comparable technologies. The one of a kind quantity sequence of each specific code may be used to retrieve and keep facts associated with the product scanned.
DIY UPC Barcodes
Companies much like the U.S. Postal Company and UPS use UPC barcodes to trace packages. Vendors like Walmart and Kmart use the codes to track stock in warehouses and local department shops. Companies even use the codes to control Uncooked components coming in and completed solutions going out. But you can use them oneself to handle your own personal tiny organization or keep track of possessions in your home for insurance functions.
There are a variety of free software program plans that let specific individuals to build and print their own personal barcodes. All you'll want to do is backlink them to your databases or spreadsheet, then print a label and attach it to whatsoever you want to track. With a smart cell phone or PDA your UPC bar codes grow to be a simple and economical method to barcode keep track of just about anything you motivation.
6 Things to Keep In Mind Ahead of Purchasing a Condo
You have found the proper place, in the proper community. That you are able to loosen up and take pleasure in the features, the sculptured grounds and also the ambiance. Just before settle into that comfortable chair, there are some matters you need to do before committing to get your dream condo.
Whats to Complain About?
Look into the condo association's board meetings minutes to find out what residents are complaining. If you're looking through about negative lawn company, or plumbing issues, then you the Affiliation's administration is lax. Even when there won't be any on-going difficulties, reading the minutes will tell you about any projects arising.
Late Again?
Find out about the delinquency costs of current homeowners. If there are Plenty of citizens who are not paying the dues promptly, This is certainly Usually an indication of discontent or that men and women are upset with the administration. It can also imply the Affiliation is under-funded.
Can you Take care of That?
Check with simply how much the condo association has in reserve for essential repairs. A guideline to remember, if the advanced is under ten decades previous, then 10% of the price of changing things (roofs, roadways, tennis courts, swimming swimming pools, and many others) should be from the reserve fund. Among ten and twenty years, then twenty five%, and at twenty years the fund really should be at 50% or above.
Are we Protected?
Get a duplicate on the certificate of insurance plan, for those who check out very little else. This can be a summary with the Affiliation's insurance policy. Appear to determine if substitute expenses are correct. More mature structures could possibly have experienced some upgrades perfect ten considering the fact that the first development. Make specific These are covered. Identify just what the association is responsible for masking and Everything you, the homeowner is responsible for covering.
That is in Demand?
Stay clear of communities whose entrepreneurs manage on their own. Most are operated competently, but self management can result in hassles for entrepreneurs, especially if the operator life A huge number of miles away. When the complicated is skillfully managed, look into the administration enterprise. Talk to other house owners. Talk to individuals who live nearby. Job interview the working day-to-working day manager, immediately.
Tanners Landing
Tanners Landing will give you worry absolutely free possession within your new condo. Tanners Landing, around Virginia Seashore, Virginia, is the perfect luxury condo. These luxury waterfront condominium residence are provided with a comprehensive incentives deal based on the promoting price of the unit.