February 2017 Market Update
This market has sellers in heaven and has buyers continuing to shake their head although they do have historically low interest rates to fall back on.
The stats below in the video show the story and again for another consecutive month we have declines in inventory and homes on the market and increases in price per square foot.
It is a very interesting time in the real estate market as the market is moving sideways actually.
The low inventory is driving up the price unlike appreciation that we would normally see from inflation like the last crash.
But, that is a story for our Insider's Report HERE.
There are way less homes this year and over the past months than there were previous years.
This is making it an incredibly lucrative time for home sellers except those in the luxury market.
Homes that are around $500,000 and up are still sitting and those $1 million and up are having an even tougher time.
As we have seen in luxury market: art, yachts, luxury homes are having a tough time moving over the last few years.
So for the most part, people are excited for the selling opportunity and buyers are having to be very skilled and adept at finding homes and getting their offers seen!
It doesn't look like this trend is going to slow down in the near future so it will be interesting to see how it plays out as we come toward the nice weather and the big selling time of the year!
See our video below for full explanation of the numbers:
The stats below in the video show the story and again for another consecutive month we have declines in inventory and homes on the market and increases in price per square foot.
It is a very interesting time in the real estate market as the market is moving sideways actually.
The low inventory is driving up the price unlike appreciation that we would normally see from inflation like the last crash.
But, that is a story for our Insider's Report HERE.
There are way less homes this year and over the past months than there were previous years.
This is making it an incredibly lucrative time for home sellers except those in the luxury market.
Homes that are around $500,000 and up are still sitting and those $1 million and up are having an even tougher time.
As we have seen in luxury market: art, yachts, luxury homes are having a tough time moving over the last few years.
So for the most part, people are excited for the selling opportunity and buyers are having to be very skilled and adept at finding homes and getting their offers seen!
It doesn't look like this trend is going to slow down in the near future so it will be interesting to see how it plays out as we come toward the nice weather and the big selling time of the year!
See our video below for full explanation of the numbers:
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