Blog by Patricia Houlihan - Personal Real Estate Corporation

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Sales up....Prices are not...BUT things have improved for sellers!

Sales up....Prices are not...BUT things have improved for sellers!
 
Over the last few months, we have seen a dramatic improvement in the market. Homes that had been sitting for quite some time suddenly sold; new listings are also selling very quickly in many cases. Recently, we had 3 homes sell after the first weekend: 2 at OVER ASKING and one at FULL PRICE. None of these homes were priced low and all sold at much higher prices than expected based on comparable sales. The number of sales is up substantially, and while prices have not gone up, they don't seem to be moving further down on most properties. These are all good signs for sellers. However, the price point and home type does significantly impact the saleability right now with some homes still not moving.  
 
If you would like to know how your home is doing in the current market, I would be happy to meet you to discuss.

 

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