Hello friends! Wow, the spring market has taken off with a bang! It reminds me of 2008 when there were multiple offers on homes. I have already had one home that I listed at 3:30 in the afternoon and by 9:30 the next morning we had an offer! So far, I am seeing a sellers market. I have clients who can’t find a home because there is so little inventory! I have even shown homes that are not currently listed, but the seller is considering putting it on the market!
Snapshot of February 2014 Real Estate Market: February 2013 vs February 2014
- $33,328,264– Total monthly sales, 75.6% more sales than in February 2013
- $194,902 – Monthly average price of single sale, 28.4% higher than average in February 2013
- 171 – Individual units sold, 36.8% more units sold than in February 2013
- 119– Homes sold between $100,000 and $250,000, 12.3% more sold than in February 2013
- 25– Homes sold between $250,000 and $500,000, 8.7% more than sold in February 2013
