If you love real estate as much as I do – then you can find something exciting about any season and any market! But whether you are a passionate real estate enthusiastic, happy homeowner or someone who is just slightly curious – THIS is the time of the year that the market stats get really exciting! While the ‘best’ time to list your home is as personal a decision as one can get, Forbes reported last month that 50 of the largest metros in the country have their peak listing date in April. If the ‘best’ is truly yet to come in terms of closings, you won’t believe what the recently reported stats tell us about last month.
Check out the infographic below from our friends at the San Mateo County Association of Realtor® (SAMCAR). This edition of #SAMCARSTATS reveals that the median home price has jumped nearly 13% month-over-month to a now $1,610,000 for single-family homes, and risen nearly 15% for condominiums, now with a median price of $965,000. Days on market are decreasing, inventory is increasing… and did you see those homes sold stats? SFR’s sold increased 48%!
If you thought real estate this year was going to be slow and boring… think again! The pace, the prices and the possibilities are picking up. Sellers still have an amazing window of opportunity, and buyers are gaining more options as inventory emerges (but possibly more competition with the local IPO news…). Another win for buyers has been the rate movements – so please be sure to speak with a trusted mortgage advisor to review your options in the current market if you have not done so recently.
If you have any questions about the ‘best’ time for you to make a move – please do not hesitate to reach out! Your short and long-term goals, your property location & condition and your needs are the most important data in any selling decision.
All my best,
Bobbi Decker & Associates fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. For more information, please visit: http://portal.hud.gov/