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May 2013 Market Update

Posted by on May 15, 2013 in Blog Posts, Real Estate Market | Comments Off on May 2013 Market Update

After about 5 years of declining prices, buyers are finally purchasing with confidence. So far this year, the median home price is roughly $900,000. The number of homes and PUDs sold in January through April is 384. There are currently 295 active listings, much less than the 390 a year ago and 626 in April of 2009. With such a low number of active listings, we have found that buyers looking in specific neighborhoods and price points have much less inventory to choose from.  With such elevated activity, we feel that 2013 is the time to sell! When priced correctly, we have seen listings receiving high momentum, and often an offer within the first 30 days of being on the market. ...

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