Our local market continues to show signs of improved health. Through the first seven months of 2013, our market has posted a 22% gain in home sales compared to the same period last year. This is a continuation of a rising trend that began 18 months ago. Not since 2007 have sales been this robust.
Prices and the broader economy have restored buyer confidence. After five years of depressed numbers, sales began picking up last year. The big bounce in the number of home sales, however, didn’t come until this year.
While we see no signs that our market will soon return to double-digit price gains, prices are definitely on the rise and today’s buyers will be happy they bought when they did!
