The Capital Area REALTORS® recently released a report that indicated home prices and pending sales are on the upswing.
Year-to-date home sales through April were 959. That total represents a 4.1 percent increase from the same time frame in 2014.
“Overall, it’s shaping up to be a good spring for our local housing market,” said 2015 CAR President Mike Buscher, CRB, GRI and a longtime local REALTOR®. “We are beginning the onset of the busiest months for buying activity — our REALTOR members are busy and we anticipate more robust sales growth as the year progresses.”
The CAR report also showed that housing inventory was at 1,217 listings, up from 1,176 in March, while the average cumulative days on the market for home sales was 122 in April, down from 129 days in April 2014. Also, the median home sale price for single-family homes and condominiums through April was $110,000, an increase of 6.8 percent from the $103,000 price during same period in 2014.
The next few months should provide homeowners a great opportunity to sell and prospective homeowners to buy. And even though the above numbers and percentages help describe the current real estate landscape, they often can’t paint the complete picture. Let me assist you by answering your questions and addressing your concerns as you begin your quest to buy or sell. I look forward to hearing from you at firstname.lastname@example.org.