Have you been following the real estate market? If you said “yes” then you probably already know that a few years ago our market hit what was one of the worst mortgage crises in the history of our housing industry. Today, just 5 years later we have great news to report!
Coming to you from sunny San Diego, where 3,000 of the country’s top agents are getting together at the seminar hosted by the Mike Ferry Organization, I am hearing the same news from everyone.
Notable Increases Year Over Year
Looking at the number of homes sold, the national market overall experienced a significant 9% increase year over year in 2012 versus the previous year. Focusing on November alone in 2012, the average home price increased by 7.4% from the same time in 2011.
Heightened Activity Expected Ahead
As we move forward into what will undoubtedly be one of the busiest real estate seasons we have experienced for a while, nearly all of us are expecting lots of buyer demand, more and more people looking to capitalize on the still very low interest rates and fairly low prices.
For sellers, this could not be a better time to sell your home. Increased buyer demand and fewer available homes on the market allows for high list-to-sale ratios as a result of multiple offers and artificial price inflation.
If you would like to talk to us about listing your home at this fantastic time to sell, or if you are interested in buying a home, we invite you to contact us today. Together, we can make your real estate dreams become a reality!
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