What Does This Mean for Single Family Homes Buyers?
Prices have skyrocketed in city limits. Many home buyers are experiencing appreciation at a fast rate. The number of homes going under contract has greatly gone up and the lack of new listings hitting the market are stoking bidding wars. The list price to sales price has actually slightly decreased, but some of this may have to do with the age of homes that were purchased during this time period, or people got a little lucky with a slightly slower Christmas market. Christmas was still great so do not think it was a slow time, investors tend to get anxious when their homes sit on the market for a week or two.
- Average Sales Price for Single Family Homes have gone up a whopping 43.9% with the…
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