The Sacramento real estate market has seen some tremendous improvements over the past few years. Sacramento home prices increased substantially while the total number of days on the market decreased. Understanding these Sacramento real estate market trends, and how they relate to your specific needs, will help you make an informed decision before listing your Sacramento home for sale.
The San Diego real estate market is seeing some interesting changes this year. If you're in the market for a home in this area or are looking to list your current home, understanding the current San Diego home price trends will help you make an informed purchase or selling decision. It will also put you in the best position to negotiate a fair market price for the home you’re considering.
San Diego Real Estate Market Trends Favoring Sellers
New data released today shows that real estate conditions in San Francisco’s East Bay are booming.
Oakland’s median home sales price shot up 76% from $245,000 in mid-August 2012 to $432,000 as of mid-August 2013. Median days on market and for sale inventory shrank in Oakland in that time frame, as well. As of Aug. 15, 2013, median days on market were 13, compared to 19 the previous year, a 32% decline. Oakland inventory dipped 7% to 558 homes as of Aug. 15, 2013, as well, according to MLS data analyzed by ZipRealty.
There's good news for Bay Area home sellers! Bay Area homes have been selling for higher prices (and at faster rates) in recent months. The real estate market condition in the region is currently stronger than it has been for several years. With a growing job market (particularly in the tech industry), more real estate exchanging hands, and fewer underwater properties; the Bay Area is definitely an enviable place to sell or even buy a home.
Is your condo ready for the Fall Market?
Prices have skyrocketed! This is true all over the city. Inventory is low! There are only 14 condos on the market and rates are on the rise. 37 out of 45 condos that sold within the last 2 months received offers above the asking price."
As we enter the dog days of summer we also look at the year and realize that one half of 2013 has passed and much has changed in the real estate market. Gone is the news of doom and gloom and now there are stories of bidding wars and rising prices.For sale signs are turning into sold signs quicker than a year ago. One segment of the market that has seen significant gains are Cambridge and Somerville condominiums.
Here is a look at the numbers behind the condominium boom:
Here are the numbers for the first half of 2012
The Chicago real estate market is on fire as sales throughout the Chicago area remain strong. Our latest Housing Trends Report show sales are closing quickly, at or near the full listing price. As a home buyer, buying in Chicago right now may mean paying a bit more than you would have just a year ago. However, it is still advisable to buy now rather than risk paying higher prices later, as homebuyers and sellers are in agreement over current home prices.
Between 2009 and 2012, the Atlanta real estate market was one of three major metro areas in the United States that saw record declines, with housing prices down nearly 12 percent over that period of time according to data from Standard and Poor's Case Schiller Indices. Those interested in buying or selling in the 2013 market find themselves wondering if this downward trend has continued. In the first quarter of 2013 it appears that Atlanta has turned a corner and started an upward swing.
Home Prices Finally Trending Upward in Atlanta
Westchester home prices are seeing a significant improvement in the early selling season. This is good news for sellers, and the fact should push those interested in purchasing Westchester real estate listings to make their move quickly. Should these trends continue, they could quickly shift the county into a strong seller's market.
Average List and Sale Price on Its Way Up
Are you in the market for Salt Lake City homes, or do you have one you are considering selling? Understanding current trends in the area will help you make wise, informed choices throughout this process. These important statistics will help you understand what the market is currently doing and where it is headed in Salt Lake's future.
Higher Sale Prices, Possibly Due to Lower Inventory