The home sales are up dramatically compared to last year.
This is according to the most recent Existing Home Sales Report by the National Association of Realtors.
The increase in home sales was measured in various price ranges.
Homes priced between $100k and $250k increased by 20.7% year-over-year.
Surprisingly, this is not the range that gained the highest percentage range.
The report showed that homes over $250,000 increased by double-digit percentages with home sales between $750,000 and $1 million showing the largest increase at 43.2%.
It’s no surprise to see the percentage of homes in the higher price ranges increase.
The prices on these markets continue to accelerate.
While generally, we see home sales increased, homes under $100,000 were the only group that gained a negative appreciation of sales at -2.4%.
This market has a lower inventory of homes available for sale. It also speaks to the overall strength of the housing market.
If you are selling your home, you are in a perfect position today. The report tells us that houses are definitely selling.
If your house has been on the market for any length of time and has not yet sold, it’s time to talk with a professional to see if it is priced appropriately to compete in today’s market.
At Burgess Group Realty LLC, we help our clients find the best deals in the market. Let’s meet up so we can help you sell your home.
CALL Catherine at 303.506.5669.