We have a unique market situation and an outstanding market opportunity. But this window of opportunity is likely limited, for those of who who like to time the market, well the time is now. In all price ranges.
1. We have an increased in new listings. We have an increase in total listings.New contracts are slightly up. Prices are stable, have been since July 2013 after major increases. Sales are down. Average days on the market has been going up for the last 6 months. and the discount rat has increased for the last 8 months.
This translates like this - a BUYER'S MARKET, more inventory, more choices, stable pricing, offer greater than demand, greater discount rate.
AND
2. Mortgage interest rate are stable for now and below 5% for those with great credit. But expected to rise.
AND
3. Home values are expected to rise through at least 2018.
rbazinet
We have a unique market situation and an outstanding market opportunity. But this window of opportunity is likely limited, for those of who who like to time the market, well the time is now. In all price ranges.
1. We have an increased in new listings. We have an increase in total listings.New contracts are slightly up. Prices are stable, have been since July 2013 after major increases. Sales are down. Average days on the market has been going up for the last 6 months. and the discount rat has increased for the last 8 months.
This translates like this - a BUYER'S MARKET, more inventory, more choices, stable pricing, offer greater than demand, greater discount rate.
AND
2. Mortgage interest rate are stable for now and below 5% for those with great credit. But expected to rise.
AND
3. Home values are expected to rise through at least 2018.
rbazinet