In a recentpost, we explained that the supply of homes for sale in December was at its lowest level in over a year. TheJanuary National Housing Trend Reportfromrealtor.comnow reveals that inventory in January has decreased another 6.7% month over month and 8.7% year over year. This is occurring at the same time that buyer activity (demand) remains strong. This promptedrealtor.com’s Chief Economist Jonathan Smoke to report:
“January’s inventory data suggest a continuation of the tightening trend we identified last month in the December data, and with a shortage of inventory typically comesincreased home prices. Half of the 200 marketsrealtor.comtracks experienced year-over-year price increases of at least 6% in January.”
“The majority of metropolitan areas experienced steady butslightly stronger price growthin the fourth quarter of 2014, behind a decline in housing supply and an uptick in demand fueled by lower interest rates and a stronger job market.”
Whether you are a first time buyer or a move-up buyer, now may be time to purchase a home – before prices increase any further.
Author:Dawn Borkowski Phone: 864-313-4608 Dated: February 25th 2015 Views: 320 About Dawn: ...
With approximately 50 years combined experience, Guest Group brings a wealth of varied experience in both Residential and Commercial Real Estate.
We are loyal, ethical and very dedicated to our clients. We give exceptional service and continue to have our clients for life. We compliment each other and understand the Real Estate Industry and the Local Market.
We have strong negotiating skills and transaction servicing that will ensure you of a successful real estate experience.
"Kim helped us find our perfect home, she listened to our needs and wants, then delivered. We love our home and are grateful for Kim's experience and professionalism, she made the whole process a breeze. If you're searching for your perfect home, you need Kim Guest as your Realtor."