The National Association of Realtors’ most recent Existing Home Sales Report shows that, compared to last year, home sales are up dramatically in five out of the six price ranges they measure. The following is a chart showing their findings:
Let’s break this down a bit. Homes in the $0-100k price range are in the negative percent, -2.4%, because of the lack of inventory for homes in this price range. As we can see, in the $100-250k price range, there has been a 20.7% increase, which is great, but not the best out of these six price ranges, in fact, homes in the $750-1 million price range were the highest, reaching 43.2%.
What does this mean? Well, as prices of homes continue to increase, it isn’t surprising to see that sales of these higher priced homes are increasing alongside, but it does mean something if you are looking, or have been trying, to sell your home. Your home will still sell, but you might want to consider sitting down with an agent and identifying if your house is still priced appropriately for this ever-changing market.
Author:Julie Baldino - Owner-Managing Broker Phone: 360-910-3586 Dated: April 15th 2017 Views: 92 About Julie Baldino: Julie Baldino is a seasoned veteran of the Pacific Northwest real estate industry, and has consisten...
Front Door Realty is a locally owned brokerage that specializes in buyer brokerage services, lot and land sales, luxury properties, HUD homes, corporate relocation, and more. Give us a call today so we can match you with the perfect team member!
Selling your home while you have pets inside it is a lot of work, but
"We were first time home buyers totally clueless to the whole process. Tara worked with us every step of the way and made us feel comfortable with everything. With her help we found the perfect home, and we couldn't be happier!"