I did a search and came up with some interesting statistics. In what the media calls a dead market, sales are strong. Of the 134 homes going into contract or sold last month, almost a third of those did so after being on the market under 30 days.
What does this mean for the buyer?
- Prices are in the range of many more buyers now.
- Lower prices can mean lower down payments, closing costs and taxes.
- Banks are loosening up their criteria to create new loans.
- Properly priced homes are selling. The home you like today may be gone soon. The days of sitting and waiting are slowly going away.
- The time to start looking is now, while prices are low.
- Interest rates are still affordable.
If you have any questions about homes available in our market today, please feel free to give me a call or send me an e-mail. I love working with buyers to help them achieve their dreams of owning a home!
-Mark
General disclaimer: All information retrieved from Desert Area Multiple Listing Service is deemed reliable, but not guaranteed.
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