The National Association of Realtors’ most recent Existing Home Sales Report revealed that home sales were up dramatically from the same period last year in almost all of the price ranges they measure!
Only those homes priced under $100,000 showed a decline (-10.1%). The decline here isn’t surprising considering that most home under 100k are distressed properties and we’ve been watching that window close for a couple years now. We expect to see this price range continue to see sales volume dropping.
Every other category showed a minimum increase of at least 9%, with sales in the $250,000- $500,000 range up 21.2%!
Here is the breakdown:
Is it the San Diego real estate market seeing the same activity?
It’s important to remember that this data is national but it’s a great indicator of what’s happing to the housing market and of the direction the American people seem to see the market moving.
If you would like more detailed information about our local market, just ask. We can connect you with a professional who can answer all of your questions.
What does that mean to you if you are selling?
Houses are definitely selling. If your house has been on the market for any length of time and has not yet sold, perhaps it is time to sit with your agent and see if it is priced appropriately to compete in today’s market.
If your thinking of selling and are hesitating, you may want to talk to a professional soon to take advantage of the control you’ll likely have in such a strongly seller-controlled market.
Need an introduction to a great agent? Just call, we’d be happy to help. 888-333-0075