The May numbers are just in, and they say the market was “Red Hot” in May!!! Closed sales were up a torrid 19% over last May, and plus 9% for the past 12 months. (That was even more than for any month back in 2006.) Couple that with a scarcity of new listings, and the amount of available inventory continues to be tight, down 11% from a year ago. That combination of forces has also pushed the median average price up to $159,000. (That’s plus 4% over last May and the highest that number has EVER been.)
Homes sold for 95.7% of their original asking price. Many wannabe’ buyers who attempted low ball offers were simply left out in the cold. Bottom line, if you’re serious about buying a new home, then you need to be serious with your offer.
If you’d like a hand taking advantage of what this Red Hot market has to offer, do give me a call.
“I work harder to make good things happen!” -Bob