Home
sales have been on the rise for the past several months, but February
statistics show the market has slowed down a bit. Rising home prices have
probably contributed to the dip in amount of sales along with an increased
number of sellers putting their home on the market.
It
is normal during a recovery period for the market to get very busy and then
slow down again for awhile. This allows buyers and sellers to adjust and
helps to maintain a steady growth in the economy. That said, certain areas and
neighborhoods do continue to be "hot spots" where homes are selling
quickly at full price or even over if they are priced well to begin with.
As
we come into the spring season and with summer rapidly approaching, the demand
for homes will most likely increase. As long as interest rates remain
low, market values are
most likely to go up along with number of home sales.
Nancy Puder is a real estate broker in Arroyo Grande, CA. with Nancy Puder & Associates. If you have any questions or concerns regarding your own property,
contact Nancy at (805)710-2415 or Nancy@NancyPuder.com.
Go to Facebook.com/NancyPuderRealtor
and "like" her page to access other real estate related articles.
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