Year Over Year Sales Increase And What It Means

Dated: 04/15/2017

Views: 108

Image title

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:

Image title


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.

Julie Baldino - Owner-Managing Broker

Julie Baldino is a seasoned veteran of the Pacific Northwest real estate industry, and has consistently been in the top 10% in sales for over a decade in 2 states. In order to accommodate a rapidly ex....

Want to Advertise on this Site?

Latest Blog Posts

What You Want Versus What You Need

It is easy to get caught up in all the frills and decorations of a home because those accessories are what TV, Pinterest, and Google are filled with, those are what make your home a home. These

Read More

Lack Of Homes Means Best Time To Sell

As the housing market races towards recovery with a steady stream of buyers, the amount of homes for sale is seeming to fall behind. According to the National Association of Realtors (NAR),

Read More

Gorgeous Updated Home Near Downtown Vancouver

Remodeled Four Bedroom Home with Updated Kitchen OverviewMapsPhotos $489,900 Single Family

Read More

Hottest Home Trends Of 2017

What are the hottest home trends popping up in 2017? I’ll answer that for you today. Looking to buy a home? Search all homes.Looking to sell a home? Get a FREE home value report.What are the

Read More