According to the National Association of REALTORS®, year-over-year sales grew by double digits in 5 price categories in the month of November 2016. Homes in the price ranges of $100,000 all the way through million plus dollar properties saw an increase in sales between 20% and 43% on the national level compared to the previous year. An NAR chief economist stated it was and outstanding finish to 2016.
November 2015 compared to November 2016 showed an 8% drop in existing homes available for sale nationally. Anticipation of some buyers to get their deal closed before mortgage rate increased may have contributed to the spur in November home sales.
The number of existing homes for sale going into 2017 was even lower than going into 2016. Now may be the perfect home to list your home for sale, contact one of these local professionals for details.