It's only January, yet 2013 is already proving to be an exciting year in real estate! After several years of tribulation in the housing industry,are we finally headed toward stable ground? Studies show that home sales are increasing consistently. According to Rick Davidson, Century21 President, we have the strongest increase in home sales since 2004!
Yet, we are feeling the pains of too few homes to sell. We have the lowest housing supply since 2005. "The biggest impact of decreasing inventory" states Rick, "is the upward pressure on pricing." Statistics show an 11.5% increase in median home prices.
If you're thinking about selling YOUR home, the timing couldn't be better. With fewer homes to choose from, and interest rates still hovering under 3.5%, the days of bargain shopping could be behind us. Don't wait for spring! Beat your neighbors to the punch! Call your local Realtor for tips on prepping your home for sale, and maximize your profits. Now truly could be YOUR time!
Eileen O'Brien, Realtor