ct home sale: Existing CT Home Sales Surge Into Summer
- 06/30/17 06:26 AM
Some Highlights: Existing CT Home Sales reached their third highest mark this year in May. Inventory of CT homes for sale has dropped 8.4% since last year, marking the 24th consecutive month of year-over-year declines. NAR’s Chief Economist, Lawrence Yun had this to say: “Those able to close on a home last month are probably feeling both happy and relieved. Listings in the affordable price range are scarce, homes are coming off the market at an extremely fast pace and the prevalence of multiple offers in some markets are pushing prices higher.” Contact a Real Estate Professional from Dave Jones Realty who … (0 comments)
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ct home sale: Existing Home Sales in CT Surge Through the Holidays
- 12/26/16 06:20 AM
Some Highlights: November’s Existing Home Sales report revealed that CT sales are now at an annual pace of 5.61 million which is “now the highest since February 2007 (5.79 million) and is 15.4% higher than a year ago (4.86 million).” Total housing inventory (or the inventory of homes for sale) fell 8.0% from last month and is now 9.3% lower than November 2015. Inventory has dropped year-over-year for the last 18 months. The median price for all home sales in November was $234,900, up 6.8% from last year and marks the 57th consecutive month of year-over-year gains. Contact a Real Estate professional from Dave Jones … (2 comments)
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ct home sale: 2 Tips to Ensure You Get The Most Money When Selling Your CT Home
- 12/19/16 08:21 AM
Every Connecticut homeowner wants to make sure they get the best price when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible.
1. Price it a LITTLE LOW This may seem counterintuitive. However, let’s look at this concept for a moment. Many Connecticut homeowners think that pricing their home a little OVER market value will leave them room for negotiation. In actuality, this just dramatically lessens the demand for your house (see chart below).
Instead of the seller trying to ‘win’ the negotiation with … (1 comments)
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ct home sale: The #1 Reason to Sell Now!
- 12/16/16 07:26 AM
The price of any item (including residential real estate in Connecticut) is determined by ‘supply and demand’. If many people are looking to buy an item and the supply of that item is limited, the price of that item increases.
According to the National Association of Realtors (NAR), the supply of homes for sale dramatically increases every spring. As an example, here is what happened to CT housing inventory at the beginning of 2016:
Putting your home on the market now instead of waiting for increased competition in the spring might make a lot of sense.
Bottom LineCT buyers in the market during the winter months are truly … (0 comments)
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ct home sale: Why You Shouldnt Take Your House Off The CT Market During The Holidays
- 12/16/16 07:21 AM
If you are one of the many CT homeowners who is debating taking your home off the market for the next few weeks, don’t! You will miss the great opportunity you have right now!
The latest Existing Home Sales Report from The National Association of Realtors(NAR), revealed that the inventory of homes for sale has dropped to a 4.3-month supply.
Historically, a 6-month supply is necessary for a ‘normal’ market, explained below:
There are more buyers in Connecticut that are ready, willing, and able to buy now than there have been in years! The supply of homes for sale is not keeping up with the demand of … (0 comments)
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ct home sale: Existing Home Sales in CT Surge Forward Through Fall
- 11/28/16 08:12 AM
Some Highlights: First-time CT homebuyers made up 33% of all sales in October. CT homes are selling quickly with 43% of homes on the market for less than a month. A limited supply continues to drive up prices for the 56th consecutive month Contact a Real Estate professional at Dave Jones Realty who can assist with all of your Real Estate needs!
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ct home sale: Winter Is Coming... 5 Reasons to Sell Now!
- 11/23/16 08:48 AM
People across Connecticut are beginning to think about what their life will look like next year. It happens every fall; we ponder whether we should relocate to a different part of the country to find better year-round weather, or perhaps move across the state for better job opportunities. CT homeowners in this situation must consider whether they should sell their house now or wait.
If you are one of these potential sellers, here are five important reasons to sell now instead of in the dead of winter.1. Demand Is StrongThe latest Realtors’ Confidence Index from the National Association of Realtors (NAR) shows that buyer demand remains very strong … (1 comments)
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ct home sale: Thinking of Selling? Don't Overlook an Outdated Kitchen.. Buyers Won't
- 11/23/16 08:26 AM
Thinking of Selling? Don’t Overlook an Outdated Kitchen, Buyers Won’t
If you are planning on listing your Connecticut home for sale, make sure that you don’t overlook the condition of your kitchen. A recent article on realtor.com listed “7 Signs Your Kitchen Is Way Overdue for a Renovation,” in which they warned:
“Dated kitchens—just like bathrooms—are a major barrier for resale. Buyers want modern amenities and styling, and most aren’t interested in renovating post-purchase.”
Kitchen remodels can be pricey, with many complete remodels costing $20,000 or more. But not every kitchen needs a full remodel. There are many smaller projects that will help buyers see themselves … (1 comments)
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ct home sale: Why Waiting Until After The Holidays to Sell Isn't a Smart Decision
- 11/13/16 09:31 PM
Every year at this time, many Connecticut homeowners decide to wait until after the holidays to put their homes on the market for the first time, while others who already have their homes on the market decide to take them off until after the holidays. Here are six great reasons not to wait:
Relocation buyers are out there. Companies are not concerned with holiday time and if the buyers have kids, they want them to get into school after the holidays. Purchasers that are looking for a home during the holidays are serious buyers and are ready to buy.You can restrict the … (1 comments)
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ct home sale: NAR Reports Show Now Is a Great Time To Sell in CT!
- 11/06/16 09:10 PM
We all realize that the best time to sell anything is when demand is high and the supply of that item is limited. The last two major reports issued by the National Association of Realtors (NAR) revealed information that suggests that now continues to be a great time to sell your Connecticut house.
Let’s look at the data covered by the latest Pending Home Sales Report and Existing Home Sales Report.
THE PENDING HOME SALES REPORTThe report announced that pending home sales in Connecticut (homes going into contract) are up 2.4% over last year, and have increased year-over-year now for 22 of the last 25 consecutive months.
Lawrence Yun, NAR’s Chief … (0 comments)
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ct home sale: Home Sales in Connecticut Expected to Increase Nicely in 2017
- 09/30/16 04:02 AM
The National Association of Realtors, The Mortgage Bankers’ Association, Freddie Mac and Fannie Mae are all projecting that Connecticut home sales will increase in 2017. Here is a chart showing what each entity is projecting in sales for this year and the next.
As we can see, each is projecting sizable increases in Connecticut home sales next year. If you have considered selling your house recently, now may be the time to put it on the market. Contact a real estate professional at Dave Jones Realty who can assist you with all of your Real Estate needs!
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ct home sale: Lack of Existing Home Sales Inventory Impacting Connecticut Sales
- 09/30/16 03:56 AM
Some Highlights: Existing home inventory in Connecticut is down 10.1% from last year. A lack of inventory explains the modest increase in Connecticut home sales (0.8% year-over-year) despite strong buyer demand. Existing Connecticut home prices increased 5.1% year-over-year, which is directly related to the lack of inventory.
Contact a real estate professional at Dave Jones Realty who can assist you with any of your Real Estate needs!
… (0 comments)
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ct home sale: Don't Underestimate the Value of Using An Agent At Dave Jones Realty
- 09/19/16 02:26 AM
When a Connecticut homeowner decides to sell their house, they obviously want the best possible price with the least amount of hassles. However, for the vast majority of sellers, the most important result is to actually get the home sold.
In order to accomplish all three goals, a seller should realize the importance of using a real estate professional from Dave Jones Realty. We realize that technology has changed the CT purchaser’s behavior during the home buying process. For the past three years, 92% of all Connecticut buyers have used the internet in their home search according to the National Association of Realtors’ most … (1 comments)
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ct home sale: 14767 Homes Sold Yesterday.... Did Yours?
- 09/09/16 12:16 AM
There are some Connecticut homeowners that have been waiting for months to get a price they hoped for when they originally listed their house for sale. The only thing they might want to consider is... If it hasn't sold yet, maybe it's not priced properly.
After all, 14,767 houses sold yesterday, 14,767 will sell today and 14,767 will sell tomorrow. 14,767!That is the average number of homes that sell each and every day in this country, according to the?National Association of Realtors’ (NAR)?latest?Existing Home Sales Report. NAR reported that sales are at an annual rate of 5.39 million. Divide that number by 365 (days in a year) … (0 comments)
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ct home sale: 5 Reasons to Sell Your Connecticut Home This Fall
- 09/09/16 12:06 AM
School is back in session, the holidays are right around the corner, you might not think that now is the best time to sell your CT house. But with inventory below historic numbers and demand still strong, you could be missing out on a great opportunity for your family.
Here are five reasons why you should consider selling your CT house this fall: 1. Demand Is StrongThe latest Realtors’ Confidence Index from the National Association of Realtors (NAR) shows that Connecticut buyer demand remains very strong throughout the vast majority of Connecticut. These buyers are ready, willing and able to purchase… and are in the market right now!
Take … (1 comments)
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ct home sale: Is the Current Pace of Connecticut Home Sales Sustainable?
- 09/08/16 11:58 PM
There are some experts questioning whether the current pace of Connecticut residential home sales is sustainable. Are too many people buying homes like in 2004-2006? Are we headed for another housing crisis? Actually, if we look closely at the numbers, we can see that we are looking at a very healthy Connecticut real estate market.
Why the concern?Some are looking at the last three years of Connecticut home sales and comparing them to the three years just prior to the housing bubble. Looking at the graph below, we can understand that thinking.
However, if we go further back in history, we can see … (0 comments)
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ct home sale: Connecticut Home Sales Up in Every Price Range Over 100K!
- 08/08/16 11:31 PM
The National Association of Realtors’ most recent Existing Home Sales Report revealed that Connecticut home sales were up rather dramatically over last year in five of the six price ranges they measure.
Connecticut homes priced between $100-250K showed a modest increase at 3.4%. This not only points to the lower inventory of homes available for sale in this price range but also speaks to the overall strength of the Connecticut housing market.
Sales of homes over $250,000 increased by double digit percentages with sales in the $750,000- $1 million range showing the largest increase, up 16.7%!
It is no surprise to see the percentage of Connecticut homes in the … (0 comments)
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ct home sale: Connecticut Home Hasn't Sold? Take Another Look at the Price...
- 07/28/16 11:19 PM
The Connecticut residential housing market has been hot. Home sales have bounced back solidly and are now at their second highest pace since February 2007. Demand has remained strong throughout the summer as many Connecticut real estate professionals are reporting bidding wars with listings actually selling above listing price. What about your house?
If your Connecticut house hasn’t sold, it is probably because of the price.If your home is on the market and you are not receiving any offers, look at your price. Pricing your home just 10% above market value dramatically cuts the number of prospective buyers that will even see your house. See chart below.
Bottom … (1 comments)
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ct home sale: Connecticut Homes Sales Accelerate During the "Dog Days of Summer"
- 07/28/16 11:12 PM
Some Highlights: Existing Connecticut home sales have accelerated to the highest pace since February 2007 at an annual pace of 5.57 million. Inventory of Connecticut homes for sale remains below the historically normal 6-month mark at a 4.6-month supply, down 5.8% year-over-year. Median Connecticut home sales prices rose to $247,700, 4.8% higher than a year ago and replaced the previous peak in May of $238,900. Contact a real estate professional at Dave Jones Realty who can help with all of your Real Estate needs.
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ct home sale: Four Reasons to Buy in Connecticut This Summer
- 07/04/16 11:17 PM
Summer is here! The temperature isn't the only thing heating up right now, so too is the Connecticut housing! Here are four great reasons to consider buying a Connecticut home today instead of waiting.
1. Connecticut Home Prices Will Continue to RiseCoreLogic’s latest Home Price Index reports that Connecticut home prices have appreciated by 6.2% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.3% over the next year. The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report projects home values to appreciate … (0 comments)
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