Prices are Going UP!

Up! Up! Up!

Home Sales Skyrocketing!! | Keeping Current Matters

Yesterday, the National Association of Realtors (NAR) released their Existing Home Sales Report. The numbers shocked many analysts as they revealed a 10.4% increase over the same month last year.

This is the highest number of sales since September 2013. Sales have increased year-over-year for six consecutive months and the 10.4% increase is the highest annual increase since August 2013. March’s sales increase was the largest monthly increase since December 2010.

Lawrence Yun, NAR’s chief economist, explained:

“After a quiet start to the year, sales activity picked up greatly throughout the country in March. The combination of low interest rates and the ongoing stability in the job market is improving buyer confidence and finally releasing some of the sizable pent-up demand that accumulated in recent years.”

Here is a graph showing home sales so far this year:

Existing Home Sales | Keeping Current Matters

An increase in sales occurred in every region of the country even the Northeast that experienced one of their roughest winters in years:

Existing Home Sales by Region | Keeping Current Matters

Bottom Line

Houses are flying off the shelves. This may be the perfect time to sell yours.  If you are in the market to purchase, now is the time to start looking.  Let me know how I can help you.

 

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Before going into real estate in 2001, I worked in the medical field. Found it very rewarding helping others and decided to make a switch and help those, who want to achieve the "American Dream". As a homeowner, I know the importance of home ownership and nothing gives me more pleasure than to place those keys into the hands of a new homeowner. I look forward to helping you, with all your real estate needs.

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