The month of April saw the following trends: Inventory is low and demand remains strongProspective buyers shopping today have 52% fewer homes to choose from than at this time last year, according to Realtor.com's Monthly Housing Trends Report. Less than half the usual supply = record-high home pricesIt comes down to supply and demand. The fact is, housing supply is down and this lack of inventory is...
The month of March has come and gone and one thing remains constant... Buyers keep buying, and interest rates keep rising. Even with higher interest rates (now around 3.35% for buyers who put 20% down), it still isn't deterring buyers from making offers on properties. The other fairly constant thing that I'm noticing is that, more properties are selling ABOVE the list price. Between...
Park Circle Market Update If you are a potential home buyer thinking about moving into the Park Circle area then hopefully this Park Circle market update will give you insights into the current housing market and hopefully provide you with good information to make a sound decision. The first thing we'll look at is the average sales price of homes in the Park Circle area. As you can see by the graph...
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