Real Estate Market August 27, 2012

Home Inventory Low with High Demand

It is an exciting time in real estate. Multiple offers are coming in on non-distressed homes in local neighborhoods, especially those listed in low to moderate price points, and home prices are steadily inching their way up.

We're seeing national forecasts play out in our local market. Limited inventory is boosting home prices, as the National Association of Realtors (NAR) confirms, while buying power remains high from our historically low prices and lending rates. As NAR President Moe Veissi says, "Pricing homes at the right level is key. Fully one-third of homes purchased in July were on the market for less than a month, and only 21% were on the market for six months or longer.”

Now is a great time to act if you've been thinking about selling your home.  To learn more about how you can take advantage of our current market, please call. I'd be happy to offer my suggestions.