We're really excited about 2015. Currently, there are 2,472 homes for sale in our area, and 1,551 homes sold last month. The average price per square foot is about $171. Homes spend an average of 49 days on the market, and we're seeing homes sell for about 96% of list price. The average sale price is about $293,00.
What do all these numbers mean for you?
Well, we have a pretty robust market right now. Sellers are having a great deal of success, and incredibly low interest rates are keeping buyers active. There are some great deals out there right now, as some sellers can't wait until the spring and need to sell now!
As a buyer, you have a lot to choose from and rates are fantastic; as a seller, you can expect your home price to rise in the next 12 months by as much as 7%. Regardless of what you're looking to do, we are seeing some fantastic conditions in our real estate market to begin the year.
If you have any questions about conditions in your specific area, don't hesitate to give me a call or shoot me an email. I would love to help you make the most of these fantastic market conditions!
