Tuesday, January 27, 2015 / by Katherine Kiernan
The real estate market has been a little challenging for the last few years. Many homeowners who considered moving felt the market was too uncertain, and many of us have been waiting it out. As a real estate professional, I’m thrilled to report a positive outlook for those who are thinking about selling.
Here are some stats:
-According to our FMAAR MLS statistics new listings for January are up 16.3% over January 2014 however, active listings are down by 9% indicating our rapid market movement.
-According to the National Association of Realtors, despite low inventory conditions nationwide existing-home sales bounced back in December and climbed above an annual pace of 5 million sales for the sixth time in seven months.
-Additionally the FMAAR MLS statitics show that average home listing prices for our current month are up 31.53% over January 2014 with those averages moving from $233,974 to $294,582!!
We are sharing this information with you because inventory in our market is exceptionally low, and we are hearing from agents and prospective buyers that they just can’t find what they are looking for.
If you've thought about selling please give us call. We’d love to visit with you for a no obligation and no pressure consultation. You can reach us 7 days a week at 701-306-8303.