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Why This Winter May Be The Best Time To List Your Home For Sale
Home sales are up. According to the most recent Existing Home Sales Report from the National Association of Realtors, the trend is looking good for a continuation.
Lawrence Yun, NAR chief economist, says the housing market this year has been a tale of two halves. “Sales activity in October reached its highest annual pace of the year as buyers continue to be encouraged by interest rates at lows not seen since last summer, improving levels of inventory and stabilizing price growth,” he said. “Furthermore, the job market has shown continued strength in the past six months. This bodes well for solid demand to close out the year and the likelihood of additional months of year-over-year sales increases.”
Home Sales by Price Range Since Last Year
· $1M plus – Up 16.2%
· $750K - $1M – Up 12.4%
· $500 - $750K – Up 10%
· $250 - $500K – Up 10.7%
· $100 - $250K – Up 9.7%
The only housing price range that saw a drop when compared to last year are homes worth less than $100K.
What does this mean for you, the potential home seller?
As we move into the winter months, home sales ... more
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