September/October Outlook:: Demand outpaces supply and the supply crunch has become the new reality. Median Sales price is up 10.4% to $259,479.Lower interest
Sales Chill In January While Inventory Heats Up
With February almost in the books and the home selling season getting ramped up, I wanted to pass on some information on how the year kicked off. Here are three key takeaways from the January RE/MAX National Housing Report.
1. January had the most homes on the market in at least ten years
2. Year-over-year sales dropped 11%
3. Home sales prices went up 4.6 % from January 2018 averaging $234,000.
You can read the full report here.
So, what's this mean for you? These numbers suggest that if you’re thinking about buying a new home, you have more options than you’ve had in the last few years. Sellers, you don’t have to worry, with rising prices, there’s still plenty of opportunity for you.
If you have plans for selling this spring or summer, it’s time to start planning. I'd be happy to talk about your situation and our local market. Feel free to contact me by phone, text, or reply to this email to set up a time.