January in Waco seems pretty typical and the figures from December to January aren't much different. From last year, not much difference either. The word FLAT comes to mind.
The main change is the increase again in inventory. While there was a noticeable slight decrease in the past few months, the number has popped back up a bit from December.
As you have probably heard or can tell, Mortgage Interest rates are still low and inventory is still plentiful. If you are in the market or even thinking of buying, these are opportune times.
If you are selling, things may be a bit more difficult. But as I always preach, have your home in the best condition possible and price it right. I can't say that enough. There are still homes selling in VERY short turn-around times. It is VERY possible for yours to sell quickly too if you pay very close attention and price right.
Current Residential Listings (Does not included Farm and Ranch)
This Month Total 1709** Last Month Total 1616**
December 2007 131 Sold** Median Sold Price $113,278** Average Days on Market 140** | December 2006 196 Sold** Median Sold Price $106,000** Average Days on Market 122** |
January 2008 131 Sold** Median Sold Price $112,000** Average Days on Market 147** | January 2007 133 Sold** Median Sold Price $105,000** Average Days on Market 144** |
Need more advice and information on Waco Real Estate?, CONTACT ME for a FREE Initial Consultation.
**This information was obtained from Waco MLS on January 31, 2008 and is believed to be accurate, but can not be guaranteed.** Nor can any of the information in this blog be guaranteed. Use at your own risk.
Wendy Montoya, Realtor®, e-PRO, SRS
www.WendyMontoya.com
Century 21 Towne Adams
- YOUR Waco Realtor at Work for YOU!
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