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Kurt Buehler
Sales Up In Almost Every Price Range
The National Association of Realtors’ most recent Existing Home Sales Report revealed that home sales were up rather dramatically over last year in five of the six price ranges they measure.
Only those homes priced under $100,000 showed a decline (-10.1%). The decline in this price range points to the lower inventory of distressed properties available for sale and speaks to the strength of the market.
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:
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 we get together and make sure your house is priced properly to compete in today’s market.
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GUY & JOI MCKINNEY Realtors®
Triple Crown Realty – Keller Williams
Flower Mound, TX
We take a different approach to real estate, one that is built on personal touches, win-win deals and positive results. Triple Crown Realty-KW utilizes the latest technologies, market research and business strategies to exceed expectations!
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All information deemed reliable but not guaranteed. Equal Opportunity Housing Provider. Each office is independently owned and operated.The opinions expressed in this article are intended to supplement opinions on real estate expressed by local and national media, local real estate agents and other expert sources. You should not treat any opinion expressed in this article as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of opinion. Guy and Joi McKinney at Triple Crown Realty Keller Williams, do not guarantee and are not responsible for the accuracy or completeness of information, and provides said information without warranties of any kind. All information presented herein is intended and should be used for educational purposes only. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. All investments involved some degree of risk. Guy and Joi McKinney at Triple Crown Realty Keller Williams, will not be liable for any loss or damage caused by your reliance on information contained in this article.
Home Values Compared to the Peak… Is Another Bubble Forming?
After the housing market bust we experienced across the country in 2008, many experts have been quick to warn that a new bubble may be forming in some areas of the country.
The quickest and easiest way to show how far we’ve come and how far we still need to go in regards to the ‘Peak’ is to share CoreLogic’s Price & Time Since Peak figures, used to create the map below.
Many areas of the country still have a long way to go to be anywhere near the peaks experienced in 2005-2007. Seven states (seen in the darker blue) are currently at their peak.
The biggest challenge facing the housing market’s recovery right now is the lack of inventory available for sale. Prices are determined by supply and demand. Right now buyer demand is out-pacing seller supply, across many price ranges, driving prices up.
Bottom Line
If you are a homeowner debating listing your home for sale this spring/summer, now is the time, let’s get together to discuss your options.
Get In Touch with Us …For All Your Real Estate Needs!
FOLLOW or CONNECT with US
Simply click the Follow button in the column on the left:
FREE SEARCH INFO :
AREA HOMES REALTORS HOME VALUE A LENDER
THE HOME BUYERS GUIDE Use Code: H B G
THE HOME SELLERS GUIDE Use Code: H S G
MARKET SNAPSHOT Use Code: M S S (To Find Out What Your Neighborhood Is Doing)
GUY & JOI MCKINNEY Realtors®
Triple Crown Realty – Keller Williams
Flower Mound, TX
We take a different approach to real estate, one that is built on personal touches, win-win deals and positive results. Triple Crown Realty-KW utilizes the latest technologies, market research and business strategies to exceed expectations!
(214) 699-6788
Connect with us:
All information deemed reliable but not guaranteed. Equal Opportunity Housing Provider. Each office is independently owned and operated.The opinions expressed in this article are intended to supplement opinions on real estate expressed by local and national media, local real estate agents and other expert sources. You should not treat any opinion expressed in this article as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of opinion. Guy and Joi McKinney at Triple Crown Realty Keller Williams, do not guarantee and are not responsible for the accuracy or completeness of information, and provides said information without warranties of any kind. All information presented herein is intended and should be used for educational purposes only. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. All investments involved some degree of risk. Guy and Joi McKinney at Triple Crown Realty Keller Williams, will not be liable for any loss or damage caused by your reliance on information contained in this article.
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