Are you a buyer and stressed about the market? You're not the only one! We're dealing with low inventory and lots of buyers, which means multiple offers going OVER the list price! This can definitely be a bit of a threat and stresser when it comes to the thought of purchasing, but don't let that overwhelm you. Let us take that load of your back and help you find the perfect home, we negotiate with the sellers agent and more times than others we make it work FOR YOU!
Check out this jump in the increase in the median price - last February 2017 the median sales price recorded was $206,500. This year it's increased to $228,000! We are up in values in just one YEAR by 10.4%. Did you purchase your home last year and want to see the market value of your home today..? Let us know and we'll get a custom market analysis to you RIGHT AWAY.
When you look at the sales in February 2017 vs February 2018, were not up a ton - only .6% in sales volume. BUT this month compared to LAST month, there was an 11% increase in sales. Buyers are desperately searching and purchasing at a FAST rate. (Huge bonus for you home sellers.)
There are currently 7,706 homes available for purchase through the MLS. Our inventory level is almost 9% lower than this time last year.
The average days on market for homes before going under contract is 64 days total. Nearly two months. This number is hard to go by - a lot of homes sit on the market for much longer than the norm due to lack of realistic list price and then other homes FLY off the MLS in a matter of hours to days.
Also, the average home sold for 97.33% of it's listing price - so let's figure you listed your home at $250,000 and sold your home for $244,000. Not too shabby, huh?
If you're interested in buying DO SO NOW. Interest rates are increasing rapidly, we went from an average of 4.07% last month and this month we've hit the average of 4.39%.
Interested in finding out more about the local real estate market? Contact us for a no obligation, stress free call or appointment to meet up and discuss your home buying or selling needs..