Home Prices Rise Dramatically

house prices up

What are you waiting for?  Prices are on the increase and mortgage rates are low.  Call me now so we can get you placed into this market with a new home before the season starts and our market picks up again.  We have had a slow summer here and have many sellers anxious to get their homes sold and move on with their plans.  They are reducing their prices to get a fair offer and the buyers can now take advantage of this extra inventory to buy a home before the prices and mortgage rates increase again.

Courtesy of Keeping Current Matters August 2016

The National Association of Realtors’ most recent Existing Home Sales Report revealed that home sales were up rather dramatically over last year in five of the six price ranges they measure.

Homes priced between $100-250K showed a modest increase at 3.4%. This not only points to the lower inventory of homes available for sale in this price range but also speaks to the overall strength of the housing market.

Sales of homes over $250,000 increased by double digit percentages with sales in the $750,000- $1 million range showing the largest increase, up 16.7%!

As prices in many markets continue to accelerate, it is no surprise to see the percentage of homes in the higher price ranges increasing.

Here is the breakdown:

Homes Sales Up in Every Price Range over $100K! | MyKCM

What does that mean to you if you are selling?

Houses are definitely selling. If your house has been on the market for any length of time and has not yet sold, perhaps it is time to sit with your agent and see if it is priced appropriately to compete in today’s market.

Remember it is always toasty in Naples and you deserve a piece of Naples sunshine and a new home to enjoy before season hits us again!

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