Housing Market Surges Higher

The May numbers are just in, and they say the market was “Red Hot” in May!!!  Closed sales were up a torrid 19% over last May, and plus 9% for the past 12 months.  (That was even more than for any month back in 2006.)  Couple that with a scarcity of new listings, and the amount of available inventory continues to be tight, down 11% from a year ago.  That combination of forces has also pushed the median average price up to $159,000.  (That’s plus 4% over last May and DSC04420the highest that number has EVER been.)

Homes sold for 95.7% of their original asking price.  Many wannabe’ buyers who attempted low ball offers were simply left out in the cold.  Bottom line, if you’re serious about buying a new home, then you need to be serious with your offer.

If you’d like a hand taking advantage of what this Red Hot market has to offer, do give me a call.

 

 “I work harder to make good things happen!”  -Bob

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