Hi everyone! We wanted to give you a midyear update on the 2013 market. There have been some very interesting things happening.
If you do a side-by-side comparison of 2013 to 2012, you will find some major differences. As you can see from this first graph, listings have steadily dropped the further into 2013 we get.
Despite the dwindling inventory, though, there has been continued growth in pending sales. This means more and more homes are being purchased and fewer are coming on the market.
The final statistics we wanted to look at today was the number of closed sales. In 2013 we have seen an increase in the number of closing sales.
What does this all mean? These three factors lead to higher prices! The market is starting to rebound from the 30-40% drop in prices we used to see. This is great news for everyone!
If you have more questions or want to know more specifically about your neighborhood, call us immediately at 239.595.8500!