Our housing market if off to a great start for 2013! Total properties sold was up 19.6% in comparison to Jan 2012. Our average sales price is $275,000 – up 10.9% compared to same time last year. Our inventory remains to be a thorn in our side. Active inventory remains low with only 7094 listings on the market, down 32.1% compared to 2012. Buyers are out there, and finding themselves competing on well priced homes, often in a multiple offer situation. I am continually seeing nice homes off the market within 2-3 days going up for sale. Sellers still seem to be in a “wait mode”, but the market is moving rapidly! It is definately a sellers market right now, so there’s no excuse to wait!
Mortgage rates still remain low, at an average of 3.53% on a 30 year fixed rate.
For a full pdf version of the real estate report, click here: Jan 2013
Whether you are buying or selling (or both) its a great time to be on the market. Contact me today for your free real estate consultation at 303-324-5731 or homes@lori-v.com
Lori Vialpando's Blog 