The month of December has been a highly active month. 3587 purchase agreements were written, which is up 12.6% over December 2011.
Inventory is down 29%!! This is huge, marking a 10 year low. Banks are listing less homes.
Home prices have been going up, by 16%! This represents a median price of $173,000. 3.4 month supply means it’s a sellers market.
If you are thinking of selling your home, contact me for an up-to-date market analysis.
Steven Hong – RE/MAX Results – 952-915-2252
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