selling a home in ct: What Does Recent Price Reductions Mean to the CT Real Estate Market?
- 08/23/18 06:59 AM
Last week, in a new report from Zillow, it was revealed that there has been a rash of price reductions across the country. According to the report: There are more price cuts now than a year ago in over two-thirds of the nation’s largest metros About 14% of all listings had a price cut in June Since the beginning of the year, the share of listings with a price cut increased 1.2% This is the greatest January-to-June increase ever reported, and more than double the January-to-June increase last year Senior Economist Aaron Terrazas further explained: “A rising share of on-market listings are seeing price … (0 comments)
selling a home in ct: 5 CT Real Estate Reality TV Myths Explained
- 08/21/18 07:04 AM
Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire seasons of “Love it or List it,” “Million Dollar Listing,” “House Hunters,” “Property Brothers,” and so many more all in one sitting. When you’re in the middle of your real estate themed show marathon, you might start to think that everything you see on TV must be how it works in real life, but you may need a reality check. Reality TV Show Myths vs. Real Life: Myth #1: Buyers look at 3 homes and decide … (1 comments)
selling a home in ct: Have You Outgrown Your Ct Starter Home?
- 08/14/18 06:29 AM
For many CT residents, buying their first home is their first taste of achieving part of the American Dream. There is a sense of pride that comes along with owning your own home and building your family’s wealth through your monthly mortgage payment. It may seem hard to imagine that the first home you purchased (which made your dreams come true) might not be the home that will allow you to achieve the rest of your dreams. The good news is that it’s ok to admit that your home no longer fits your needs! According to CoreLogic’s latest Home Price Index, prices in the … (1 comments)
selling a home in ct: Are You Thinking of Selling Your Home in CT? Competition is Coming!
- 08/13/18 06:44 AM
The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of building permits issued in June was 850,000, a 0.8% increase from May. How will this impact buyers? More inventory means more options. Mark Fleming, First American’s Chief Economist, explained that this is good news for the housing market – especially for those looking to buy: “The continued year-over-year growth in completions means more homes on the market in the short-term, offering some immediate relief … (1 comments)
selling a home in ct: The #1 Reason to Put Your House on The CT Market TODAY!
- 07/30/18 07:01 AM
The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that CT home sales declined 0.6% to a seasonally adjusted annual rate of 5.38 million in June from 5.41 million in May, and are 2.2% below a year ago. Some may look at these numbers and think that now is a bad time to sell their house, but in fact, the opposite is true. The national slowdown in sales is directly tied to a lack of inventory available for the buyers who are out in the market looking for their dream homes! In fact, the inventory of homes for … (1 comments)
selling a home in ct: Selling Your CT Home This Year? Here's Two Ways to Get The Best Price
- 07/24/18 07:28 AM
Every CT homeowner wants to make sure that they maximize their financial reward when selling their home, but how do you guarantee that you receive the maximum value for your house? Here are two ways to ensure that you get the highest price possible. 1. Price it a Little Low This may seem counterintuitive, but let’s take a look at this concept for a moment. Many homeowners think that pricing their homes a little OVER market value will leave them with room for negotiation when, in actuality, it just dramatically lessens the demand for their houses (see chart below).
Instead of the seller trying … (0 comments)
selling a home in ct: What's the Median Home Value in CT?
- 06/27/18 06:44 AM
If you’ve entered the CT real estate market as a buyer or a seller, you’ve inevitably heard the mantra “location, location, location” in reference to identical homes increasing or decreasing in value based on where they’re located. In today’s housing market where home prices are appreciating quickly, it’s important to know that not every home appreciates at the same rate. The map below demonstrates that point on a state-by-state basis using data from the National Association of Realtors.
Demand often dictates value, even for houses in the same area of the country! High demand for starter and trade-up homes have driven prices up in these … (0 comments)
selling a home in ct: Four Reasons to Sell in CT This Summer
- 06/22/18 06:13 AM
Some Highlights: CT buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available! CT housing inventory is still under the 6-month supply needed to sustain a normal housing market. Perhaps the time has come for you and your family to move on and start living the life you desire. Contact a Real Estate professional from Dave Jones Realty who can assist with any of your Real Estate needs! … (0 comments)
selling a home in ct: Top 5 Reasons You Should NOT FSBO in CT
- 06/19/18 06:26 AM
In today’s market, with CT home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers. Here are the top five reasons: 1. Exposure to Prospective Buyers According to the 2017 Profile of Home Buyers and Sellers from NAR, last year 95% of buyers search online for a home. That is in comparison to only 15% looking at print newspaper ads. Most real estate agents have an … (1 comments)
selling a home in ct: How a Lack of Inventory Impacts the CT Housing Market
- 06/18/18 06:33 AM
The housing crisis is finally in the rear-view mirror as the CT real estate market moves down the road to a complete recovery. Home values are up, home sales are up, and distressed sales (foreclosures and short sales) have fallen to their lowest points in years. The market will continue to strengthen in 2018. However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory. CT buyer demand naturally increases during the summer months, but supply is not keeping up. Here are the thoughts of a few industry experts on the subject: Lawrence Yun, Chief … (0 comments)
selling a home in ct: Top 4 Home Renovations for Max ROI in CT
- 06/15/18 07:57 AM
Some Highlights: Whether you are selling your CT home, just purchased your first home or are a homeowner planning to stay put for a while, there is value in knowing which home improvement projects will net you the most Return On Investment (ROI). Minor bathroom renovations can go a long way toward improving the quality of your everyday life and/or impressing potential buyers. Upgrading your landscaping or curb appeal helps get buyers in the door. These upgrades rank as the 2nd and 4th renovations for returns on investment. Contact a Real Estate professional from Dave Jones Realty who can assist with any of your Real … (2 comments)
selling a home in ct: Days on The Market Drops to New Low in April Days on The Market
- 06/14/18 06:23 AM
According to recently released data from the National Association of Realtors (NAR), the median number of days that a home spent on the market hit a new low of 26 days in April, as 57% of homes were on the market for under a month. NAR’s Chief Economist, Lawrence Yun, had this to say, “What is available for sale is going under contract at a rapid pace. Since NAR began tracking this data in May 2011, the median days a listing was on the market was at an all-time low in April, and the share of homes sold in less than a month was at an all-time high.” … (1 comments)
selling a home in ct: 20 Tips for Preparing Your Ct House For Sale This Spring
- 03/23/18 07:30 AM
Highlights: When listing your CT house for sale your top goal will be to get the home sold for the best price possible! There are many small projects that you can do to ensure this happens! Your real estate professional from Dave Jones Realty will have a list of specific suggestions for getting your house ready for market and is a great resource for finding local contractors who can help! Contact a Real Estate professional from Dave Jones Realty who can assist with any of your Real estate needs! … (0 comments)
selling a home in ct: The Difference An Hour Will Make in CT This Spring
- 03/12/18 08:55 AM
Some Highlights: Every hour in the United States: 614 homes are sold, 81 homes regain equity (meaning they are no longer underwater on their mortgage), and the median home price rises $1.51! Contact a Real Estate professional from Dave Jones Realty who can assist with any of your Real Estate needs! … (0 comments)
selling a home in ct: 4 Reasons to Sell in CT This Spring
- 03/05/18 09:18 AM
Some Highlights: Ct buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available! CT housing inventory is still under the 6-month supply needed to sustain a normal housing market. Perhaps the time has come for you and your family to move on and start living the life you desire. Contact a Real Estate professional from Dave Jones Realty who can assist with any of your Real Estate needs! … (0 comments)
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Last week, in a new report from Zillow, it was revealed that there has been a rash of price reductions across the country. According to the report:
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