Now let’s take a look at the housing market update for August 2014.
Sales in August were down from last year – 11.4 percent down. More significant is the decrease in days on market to sell a property – down 15 percent from august last year, meaning that properties are selling faster. Home prices are up 13.6 percent, which is always great news for sellers!
Inventory of available homes is up slightly at 2.7 percent from last year. But the number of new listings is down from last year – 10.8 percent down. What does this mean for you? Well, fewer homes on the market increases demand, and contributes to rising home prices. This area continues to be in a strong sellers market, making it a great time to sell your home.
For buyers, the good news is that 30-year interest rates are down .34 pts from last year. The best thing you can do is get pre-qualified. You can contact an eagle home mortgage expert at our Dickson realty offices in Reno and sparks to get pre-qualified.
Being first to know about a new listing is still very beneficial. Both the Dickson website and the Dickson mobile app are updated every 30 minutes with new listing activity, and we notify buyers with listing matches every hour. Contact one of our Dickson expert agents to find out how easy it is to setup a search or download our free mobile app from the Apple or Google stores to get started.
Whether you’re thinking of buying or selling your home contact one of our many experienced Dickson agents today.