Sales: Let’s start with the total sales for the month of January. In January, 720 homes and condos sold. That is a decrease from the 953 homes and condos that sold in December, and while I say that, let's keep perspective on the overall health of the market year over year. The 720 sales in January of this year was actually a nearly 7% increase from January of 2016!
Inventory: We are expecting a huge influx in inventory in the coming months. Just last month, 1352 homes and condo entered the market and more and more homeowners are ready to jump in and get their homes sold as the weather warms up. Also, home prices on average are increasing. January of last year saw a 3% increase over last year in terms of average sales prices, another reason why sellers are more inclined to get in the game. And if you're A homeowner and ready to make a sale make sure you have a great agent on your side. Why?... here's an example. In January a little over 3200 homes were on the market and just 720 sold. That tells me that only about 23% of the available inventory sold, so 77 out of every hundred families with their homes on the market did not yet to pack their bags and move on. That's why it's so important to have a seasoned professional like myself on your side that can help you price the home correctly and be one of the 23 out of every hundred families they got to move.
If you're looking to buy, sell or invest in real estate, call me today at 505-238-3272 or email me at cheryl@cherylmarlow.com.
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