It’s finally a New Year; a time for fresh starts, new goals, and new real estate stats! If your plan is to get into the home you’ve always dreamed of in 2019, now is the time to start planning for it. Serious buyers are already on the move to find a new home, so make sure you’re up-to-date with what the market is looking like!
Currently, 142 homes are active on the market, a large decrease from the 187 homes that were available in November. The median price has remained consistent at about 153k. Have no fear, though, it is not uncommon for inventory to go down during the hustle and bustle of the holiday season!
In December, 130 homes went under contract with a median sales price of about 125k. That’s almost 40 fewer homes than in November! The average days on market is 24; a large increase from 13 in November.
In the last month, 92 homes were sold! This is over 30 more homes than that were sold in the month prior! Homes were sold at an average sales price of 130k, which is a price that has been remaining consistent.
A New Year always brings new predictions. According to several articles, including this one by David Ramsey, here’s what’s trending in the real estate world:
1. Millennials are taking the lead on buying homes in the real estate market
2. Home prices are rising but at a lower rate.
2. Mortgage rates are also on the rise, but are still reasonable.
3. New construction is also predicted to increase.
Are you looking to get your business on track this year? Behind every successful business is a well-planned and thought out marketing strategy. If you need help with boosting and maintaining your overall online presence, we can help! Reach out to us today to see how we can aid in your success in the New Year!