Let’s take a look at the housing market and compare the end of 2014 with the end of 2013.
Sales in December were up 1.6% from last year. Days on market to sell a property actually is the same as it was this time last year, indicating that properties are continuing to sell at a good pace. Home prices were up 12.9%, which is always great news for sellers!
Inventory of available homes is down by a large percentage – 27% from last year, and the number of new listings is down 1.1%. What does this mean for you? Well, fewer homes on the market increases demand and contribute to rising home prices. The Reno/Sparks areas continue to be a strong sellers market, making it a great time to sell your home.
For buyers, the good news is that 30-year interest rates continue to lower and are down 6 tenths of a point from last year. The first thing you should do before heading out to look at homes is to get pre-qualified. You can contact an eagle home mortgage expert at our Dickson realty offices in Reno and Sparks to get pre-qualified.
With inventory at historic lows, being first to know about a new listing is 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.