The number of active listings at the end of March 2013 was down 23% from March, 2012. Values of homes have increased by over 6% since last year at this time. This confirms a trend we hope will continue.
There are many more buyers than homes to show because there is pent up buyer demand. Mortgage rates remain very low, making home ownership affordable to more people. Conversely, market rent has increased by about 2.5% compared to last March.
All of which means – it’s a great time to buy and a great time to sell. Multiple offers have become routine in this market. Getting in and out of attorney review is nail biting.
If you tried selling a few years ago, but were not successful; now may be the right time. Call me or send me an email to ask about your home's value.
Annmarie Cristiani
REMAX Traditions Real Estate
201-815-7861
www.househunter99.com
annmarie.cristiani@gmail.com
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