Well, here we are. It’s once again time for a Monday Market Update! As you can see below, we have more Under Contracts than New Listings once again this week. Also, the number of closings was up significantly. All of these indicators are signs of a very strong market.
Anecdotally, we had 6 written offers on one of our listings over the weekend. Sellers still look at “cash offers” with smiles on their faces. Potential buyers gave up their rights to appraisals, inspections and increased earnest money to extravagant levels. The right house in the right location commands significant market attention.
New Listing (1329)
Back On Market (193)
Price Increase (188)
Price Decrease (534)
Under Contract (1653)
As the year unfolds into the weeks ahead, please don’t underestimate how important it will be to get on the market earlier in the year than later in the year. Please give us a ring. Thank you!