The latest market report is in, and it is telling us that sellers have gained confidence since last year, proving this by 7% more homes being placed on the market. And they are happy they have done so, since there have been 18% more closed sales over the same period in 2014. Not only that, but median sales prices are up about 7%.
September really proved good for days on the market, with almost 14% less days on the market over the previous September. What this is telling us is that if buyers see a house they like, they are not hesitating to write an offer. I can see this in my own business, having received an offer on one of my listings a week ago after 22 days on the market. Inventory is indeed moving, with September to September comparisons down over 9%. So it's a story we are happy to hear, both for buyers and sellers. Buyers in New Castle County, Delaware are no longer waiting for the "shadow inventory" to come on the market. It is here now, and they are snapping it up!
Thinking of buying or selling an older or historic home? Contact Carolyn Roland, Your Older and Historic Homes Resource.
View Carolyn Roland's profile
Comments(0)