During the spring, many houses were sold before they hit the MLS. I am happy to report that now more houses are actually being listed. It seems like every day I get emails about new listings. Some are actually staying on the market a few days, which is good for my buyers. In general though, it is definitely still a seller’s market. I am really curious to see what happens in the fall. Look at Oct. 2014. We had 14 million more in sales than in 2013. The fall is typically a slower time, but I have the feeling that it is going to be even bigger this year than it was last year!
Something else that I think is interesting about the current market is the total monthly sales trend for the past few years. As you can see from the chart above, for the past two years, the real estate market continues to pick up in total monthly sales at a steady incline until July. If 2015 follows the same pattern, total monthly sales will peak in less than a month! We are already halfway through June, so the time to act really is now! I know I’ve said that before, but if you are hoping to purchase and/or sell property, the market truly is in full swing! Not only are total sales higher than they have been, homes are also selling at a much faster rate. Compared to May 2013, the average number of days houses spent on the market has decreased by nearly a month. Our real estate market in BCS is only continuing to prosper and grow and shows no signs of slowing down this summer! If you ever have any real estate needs, questions, or if you’re just curious about what your home might be worth, please don’t hesitate to give me a call!
