With June’s arrival comes the shocking realization that 2013 is nearly halfway over. The first half of this year has been a busy one for real estate and it is showing no signs of stopping.
Between January and April of this year, home sales increased 70 percent, from 1,634 closings reported in January to 2,780 reported in April. And that’s just the first half of the year! (Read specific reports about January ’13, February ’13, March ’13 April ’13.) The market is well on its way to recovery with cities from coast to coast reporting high monthly sales, rising home prices and low inventories. By definition, a market with low inventory is one that offers less than five months worth of inventory, or in layman’s terms, more buyers than sellers.
We cannot stress enough what a great time it is to sell your home right now. If you have considered listing your home for sale this year, give us a call and let us help you decide if now is the time to do so.
While the market is showing strong characteristics of a seller’s market, mortgage rates continue to be hitting historic lows, making this an opportune time to buy, too. Whether you are ready to sell your home or are looking to buy something new, give us a call today and cash in on this real estate market while it is hot!