Sales: As I do every month, I'd like to begin with the total sales. In the month of February, 704 homes and condos sold. With the just over 3000 homes and condos that were available to buyers, that means about 23% of all inventory sold last month. We are very much in a Price War and a Beauty Contest. If you are looking to be a part of that small percent of families getting to move every month, it's imperative that you team up with a great Realtor, like myself, who knows the market well and knows how to accurately price and market your home! At the end of the day it's my job to know the numbers and know what price you need to be at in order to get that shiny SOLD sign out in front of your house and not a part of the huge number of homeowners that are having to endure a longer time sitting on the market.
Looking Ahead: Looking ahead to what's already happening this month, we are on pace to see an increase in sales and should easily surpass 800 sales. 387 homes and condos have already sold this month, and we still have more than half of the month left to go.
Inventory: In January, 1352 homes and condos entered the market... last month, that number increased to just over 1400 new units. I am anticipating a large rise in inventory over March and April as we enter into the prime, warm, selling months!
If you're looking to buy, sell or invest in real estate, call us today at 505-238-3272, 238-3272 or email cheryl@cherylmarlow.com.
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