As the spring market comes to a close and summer residential real estate market heats up, it seems the housing activity is as hot as the temperatures outside! It was predicted that this past season would see a flurry of sales activity, and the predictions were correct. We have seen and continue to see multiple listings with offers that are near, at or even above list price.
Here are some notable market numbers we have seen so far this year:
We have said it before, and we will say it again—inventory is low and demand is high! It is also important to note that median sales price is $237,000, which means that homes with a much higher sales price may not always reflect this quick closing trend. Regardless, it is a great time to put your home on the market.
If you are looking to buy or sell your home, Fazendin Realtors can help!
Not all areas, segments or price points reflect the above trends. Proper pricing is an important factor in obtaining short market times.