Market Watch

 

 

 

Last month’s Market Watch was all about listings. I suggested that based on the way this year’s real estate market has started that we would soon need more listings and that based on virtually any measure, now would be a good time to list your home if you were considering a move. Everything I suggested last month has proven to be true and there are even more reasons to list real estate for sale now.

 

We have fewer homes on the market than at any time in 6 years. The month’s supply of homes on the market (6.59) is lower than it has been for 68 of the past 70 months. Our average month’s supply for the first 3 months has been lower than any year for the past 4 years. We have seen slight improvements in both our list to sale price ratio (95.10%) and in our days on market number. Unit sales are up 7% from the first 3 months of last year and I am confident that next month will show continued improvement. Even the national media has made some positive comments about real estate.

 

Although everything I said in the previous two paragraphs is true and I am confident that now is a good time to list a home. I don’t want to overstate or exaggerate the current state of our real estate market. Things have definitely improved but we will not have as strong a year as we did in 2006 or 2007. Prices have improved but have not returned to their previous highs. Although the market has rebounded it would not surprise me to see a little slowdown this fall because of uncertainty about this fall’s election. Interest rates are great but will not stay this low forever, which is another reason for buyers to act and take advantage of current rates.

As always I am happy to answer your real estate questions. You can reach me on my cell phone at 812-499 or email Rolando@RolandoTrentini.com

 

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Rolando Trentini

Evansville, IN

More about me…

F.C.TuckerEmge Realtors, LLC

Address: 7820 Eagle Crest Blvd., Evansville, IN, 47715

Office Phone: (812) 479-0801

Cell Phone: (812) 499-9234

Email Me

About Me The Trentini Team of F.C. Tucker EMGE REALTORS® provides exceptional service to each of their clients as they help them to achieve their real estate goals. With their knowledge, experience and background, both Kathy and Rolando bring one-of-a-kind perspectives to the table during all of their real estate transactions. Their excellent communication skills combined with their passion for real estate allows The Trentini Team to follow through every time with the highest level of service possible. Rolando and Kathy are your premier Evansville and Newburgh, Indiana real estate source. They can help you buy your dream home or sell your current home for the best price possible. To learn more about what The Trentini Team can do you for you, contact us today!


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