Tuesday, January 27, 2015 / by Katherine Kiernan
Fargo Moorhead Market Experiencing a Fast Break in 2015
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 invent. ...