Strong gain in home sales....
Good news coming our way! This is great information for us as realtors to help get buyers off of the fence. September shows another strong gain in homes sales. Home sales which include single family and condos jumped 10% to an adjusted annual rate of 4.53 in September.
Buyers can also take advantage of the fact that the current home prices are affordable and the interest rates are low. This is also helping the strong gain in home sales. The median existing home price for all housing types is $171,700 in September and the median mortgage is the lowest in 5 years.
The National Association of Realtors also has noted that 32 percent of all homes sold in September were first time buyers. This a a great time make that investment in a home, there is also evidence that the housing market is starting to stabilize which will be fantastic for the economy and each of our local markets.
For more information call the Keegan Team at 772-323-6764
Keller Williams Realty of the Treasure Coast