Did you know that the nation’s average listing price is 10% higher than this time last year? It’s true! The median list price has climbed to $275,000, and is likely to continue pushing higher in the coming months. Home values have been increasing both regionally and nationally in response to increased demand for buyers and a general shortage of homes for sale.
Explains Javier Vivas, manager of economic research at Realtor.com, “With a record number of home buyers out there, this is officially the most competitive, fastest-moving spring housing market in decades.”
Wondering what this means for you? If you’re interested in selling, you just might be pleasantly surprised to learn the value of your home (and we’re happy to provide you with a free, no-obligation Comparative Market Analysis to help determine your home’s price). And not only are homes selling for top dollar, they’re also selling quickly!
If you’re interested in buying a home in the upcoming months, it’s best to work with an experienced agent who can help you stay ahead in this competitive market! Plus, interest rates remain low, so borrowing is affordable. Be sure to give us a call at (215) 880-2775 for more information!