Since our last Market Update, we have had a large number of properties that were Under Contract close. As you see in the chart below, we were slightly ahead of March 15, 2013 figures, and are now 31 home sales ahead of April 1 2013 . This is great news, but along with these sales, the number of homes on the market rose. As you will see on page two, our Absorption Rate remained very similar to the previous Market Update.
RealtorMag.Realtor.com: Home Buyers May Face Sticker Shock This Spring
As the spring market heats up, more buyers are finding higher home prices than they may have expected reports. "People quite frankly came out and got sticker shock … they picked up the price sheet and saw, 'Wow, that's way more than I thought' because home prices had gone up so much in 2013," Brad Hunter, chief economist at Metrostudy, told CNBC...
Marc's editorial note, it is interesting to read this with how much inventory we still have in our area. And it's interesting how much inventory we still have.
*For a copy of the most recent Market Update (Market Absorption Rate 2014-04-07), please don't hesitate to call or email me at any time.
Regards,
Marc White
Broker in Charge/REALTOR
Cash Realty & Cash Custom Homes
Call/Text 828-406-2134
Search 1,000s of Homes Instantly at www.MarcWhiteHomes.com
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