Late in 2014, all of the experts were predicting that in 2015, Interest Rates and the Number of homes for sale would drastically increase and that would slow down how quickly home prices were appreciating.
Now we are seeing the experts change their expectations for this year, and now believe that interest rates will still remain below 5% this year and the number of homes for sale would still be tight. Right now Inventory Report of Homes For Sale in Collin County (this is the pulse report of how many sellers there are vs buyer demand) and through December 2014, we have just 1.1 months of inventory! Keep in mind that a balance market is 6 months and anything under that means it is a sellers market. The average day to get a contract on a home in Collin County is only 46 days!
With the number of homes for sale still really low, now is the best time to take advantage of that and put your home up for sale. We are seeing sellers get close to asking, if not over asking price for their home! You can check out what your home is worth by going to our site: Collin County Home Values or by calling 972-215-7653.
Nick Good, is a Top Collin County Realtor, with The Good Home Team at Keller Williams Realty. Nick & his team consistently sell homes faster than the market average and for top dollar. To hire Nick & his team, call 972-215-7653 or go to The Good Home Team website.
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