I-BUYING DOWN IN RALEIGH: Speaking of home sales, the number of homes sold using an iBuying service fell in Q1 2022 – but Raleigh is still among the top 20 markets in the U.S. in total iBuyer purchases.
That’s according to the Q1 2022 iBuyer Report from Zillow (Nasdaq: ZG), which found that the City of Oaks was No. 16 in the nation in total iBuyer purchases, with 215 – down from 541 the previous quarter.
Instant buyers, commonly known as iBuyers, are home-buying and -selling services that typically buy off-market homes directly from sellers at market rate and, after making light repairs and updates, quickly list them for sale on the open market. In the 43 largest iBuyer markets, homeowners sold 12,652 homes in Q1 using one of three iBuying services included in the Zillow report: Opendoor, Offerpad and Zillow Offers.
Charlotte was tops in North Carolina for iBuyer purchases – with 612 in Q1, down from 1,228 the previous quarter – and ranked No. 5 overall.
The top market for iBuyer purchases, Zillow says, was Atlanta, at 1,628 – down from 2,925.
(Source: Triangle Business Journal 6/13/22)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.