Average sale price is way up year over year in February to $322,109, that’s an over 20% increase in average sale price over Feb 2018! Listings are up year over year by 8.44% however in certain price ranges, there continues to be a lack of inventory fuelling the increase in average sale price since sales are actually down slightly from Feb 2018 by 1.39%. Depending on what price range you’re in, bidding wars are still happening – inventory remains low!
The key takeaway here is that there is a very different buying/selling environment for your $200k homes vs. $500k homes and dependent on location. Now more than ever Sellers need a Realtor that can offer a pricing strategy and marketing plan that will achieve maximum results and Buyers need a Realtor who can act quickly, understand value vs. hype and find you the right home.
Buyers and Sellers, contact me anytime for a free, no obligation meeting to discuss the market, your objectives and questions and my suggestions to help you realize your real estate goals! Don’t let this market intimidate you! You need an experienced Realtor who can navigate this market with confidence!
