When selling anything, owners can only hope there is a
strong demand for that which they are selling. The great news for today’s home
sellers is that the current housing market is experiencing a stronger demand
than we have seen in some time.
The spring housing market of 2013 is projected to be one of
the best in years.
Home Sales
The National Association of Realtors (NAR) reports
monthly on both pending sales (houses going into contract) and existing
home sales (actual closed sales).
In the first quarter of 2013, pending sales have
consistently outperformed the numbers reported in 2012. Contract activity has
been above year-ago levels for the past 22 months. Before this year, the last
time the index showed a higher reading was in April 2010, shortly before the
deadline for the home buyer tax credit.
NAR also revealed that closed home sales have been above
year-ago levels for 20 consecutive months and sales are at the highest level
since the tax credit period of 2009-2010.
Impact on Sellers
This increase in demand has created bidding wars for
properly priced homes across the country. This has resulted in two favorable
changes for home sellers:
- They are receiving offers closer to (if not greater than) the list price.
- The average days it takes to sell a home has dropped by over 20% from last year.
If you are thinking about selling your home, don’t miss out
on the strong demand that exists in the current spring market.
MacIntyre
& Cowen, RE/MAX Real Estate Professionals Grand River, would gladly provide
a complimentary Over-the-Net Home Evaluation or email alerts to Hot Buys /
Foreclosed / Liquidation & Luxury Distressed Properties in the Mid Michigan
areas including Greater Lansing, Haslett, Okemos, East Lansing, Grand Ledge,
Holt, Williamston, Mason, Eaton Rapids, Dimondale, Dewitt areas and more. Feel free to contact us at 517.999.2675 or
visit us at www.pmachomes.com today!
Article
courtesy of KCM Blog
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