Wouldn't it be great to see an influx of first time buyers enter the market from the rental community? What more is it going to take. Interest rates appear to be just below 6 percent, the stock market should end the day in positive territory and there is an abundance of desirable properties on the market. National reporting of the doom and gloom within the housing market is not helping. Has anyone informed those naysayers that real estate is LOCALIZED? Just think what a shot in the arm it would be if the local media began to tout the positive markets within our region. Just as an example, look at the TREND results for Q4 from Montgomery Township's 19454 Zip Code. Average price per home UP 9.80% and selling for 96.4% of listed price (with average days on market of 66!). Granted homes sold were DOWN .93%. But, there were still 106 homes sold in the quarter. Proper pricing and preparation of properties listed is essential in this market. If everyone would accentuate the positives within this market everyone would be better served.
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