Our Newsroom

September is pretty much the same as August. Overall there are a few more listings than in the past, but it is still a thin market. Buyers are still competing in multiple offers. Demand is still strong due to 4 factors: Affordable mortgage rates – interest is still under 4.5% on a 30 year mortgage […]

Although new listings have increased 16.5% and almost all of that came from traditional sellers (not foreclosures or short sales), inventory is still low, being 9.9% lower than last year. That means there is still competition on well-priced, well staged homes for sale. Buyers are keeping a sharp eye on new homes as they enter […]

Sellers are beginning to put their homes on the market again. New listings rose over 20% from last year. We also have far fewer short sale listings and foreclosure listings. This means that the number of traditional seller new listings increased 55% over last year. We have a 17% increase of the number of closed […]

Sellers are beginning to put their homes on the market again. New listings rose over 20% from last year. We also have far fewer short sale listings and foreclosure listings. But even with the increase in traditional sellers, we are still far from a balanced market. We are still in short supply of homes for […]

June 2013 is setting records. Pending sales (houses that have gone under contract) is at the ihghest in 8 years. The number of signed purchase agreements rose more than 18%!! This is good news for sellers, and they have responded. We’ve had an increase of homes going on the market, but the buyers are snatching […]

Last month I wrote that the housing market was the same as the previous month. Well, it still holds true this month as well. Median sales price for April is up 12% on more traditional sellers, and less distressed properties. The market still remains a sellers market, with not enough inventory, and a flurry of […]