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As we close with a strong year, we’re hoping to start boldly in 2016. We’ve had a phenomenal year. As a single company, we’ve done twenty million in business so far. We presume we’ve seen such great success from the customer satisfaction we provide. Consumer confidence is up, the unemployment rate is as at its lowest since 1973, and the stock market is going back.
- Inventory decreased by 11.5% this year. The positive takeaway is the fact that prices increased by 3.8%. Last year, the average sales price was $186,000. Comparatively, this year, it is $193,000. This is an excellent improvement especially from the decreased inventory our market experiences. Thus, homes are selling quicker for sellers and the interest rates are low for buyers.
- We maintain a 93.2% list to sales ratio. That’s a good, healthy number to admire. For every home sold, we expect to receive at least 93.2% of the listing price when the property closes. If you’re a seller, don’t remove your home during the holidays. Homes sell during the entire year, and fortunately, we’ve experienced more sales this year during the fourth quarter compared to the past.
- Interest rates are down. The Federal Reserve had two opportunities to increase rates at the end of the third into the fourth quarter, but they didn’t. Furthermore, the rumors say the Fed will increase rates this year into next year. Now is the time to buy if you’ve been thinking about it. Take advantage of the low rates while they last!
If you have any questions about buying or selling a home, reach out to us. Give us a call or email today. We’d be happy to sit down with you!
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