As I mentioned in the last few weeks, there has been a surge in buyers purchasing homes. The numbers reported by the National Association of Realtors yesterday conform what we were seeing locally, was also occurring nationwide. January of 2012 had the largest number of homes sold in the last two years.
It will be interesting if this pattern holds. My gut feeling is that it will, unless gas prices continue to increase or something occurs internationally that results in a loss of confidence in the residential real estate market. The interesting aspect of what is occurring is that most people tend to have a mob mentality. If people are starting to put there swimsuits on to dive back into the residential real estate market others are likely to follow. If you look further down the road prices will then ultimately start to climb. The question is how far down the road will prices be stabilized and then increase?
In the report, prepared exclusively for Shay Realtors, you'll find easy-to-read graphs with statistics, and valuable information broken down into bite-size pieces about current market trends specifically for our zip code. There are two options: {condo report} or {single family report}
