Update of the Real Estate Market May 6, 2024
Laura Petersen
Monday, May 6, 2024
Homes Sold Week Ending 4-27-24
|
Total |
>250 |
250-300 |
300-400 |
400-500 |
500-1000 |
1000+ |
| # Sold |
461 |
19 |
56 |
126 |
94 |
134 |
32 |
| List to Ask |
97.54 |
94.78 |
97.33 |
98.29 |
98.98 |
98.15 |
94.98 |
| Months of Inv |
3.03 |
4.09 |
1.3 |
2.07 |
3.15 |
3.94 |
5.01 |
The market is staying consistent and year over year went up 5.9%, which is a healthy increase. I think there was a slow down in appreciation for the last couple of years, because there was such a great increase. Now we are increasing at a normal rate that the market can bear. We will watch to see if it continues. The median price of a single family home was $430K. Condos, townhomes and villas were at $284K... but they were over $300K the week before.
We are finding that if buyers proce their properties to market, they are going quickly. If they are over priced they just stay there.
Real Estate News you should know...
Should you renovate before selling? There are so many options today. Sell without any showings, KNOW FOR SURE that your property will sell on the date you want it to. Our New CASH OFFER Platform that gets multiple cash offers in minutes... you can go to.
GETCashOffersOnYourHome.com and get them instantly. This program works throughout the US... so feel free to check it out. Other things to consider. 1. The state your home is in. 2. What is the local market. 3. What is the ROI if you renovate. 4. What renovations will be the most worthwhile.
Why NOW Is a Good Time To Buy... There is a lot of speculation that interest rates are going down... but no one knows when. If they go down, you can refinance. If they go up, home prices will more than likely increase as well... and they will be no easier to finance then as now. I always ask people. Where do you want to be a year from now... where you are now or in a new place to you that better meets your needs.
Any questions, give us a call or text at 407-566-2555. Have a great day, It's yours to enjoy! Laura