I can’t believe it’s already almost August, 2015 has flown by thus far! There has been a lot of noise in real estate this year. Starting out with first time home buyers who have come out of their shell, new home sales have spiked this summer, and average sale price is up over $30,000 on average. But what exactly are the numbers saying?
We are experiencing higher demand in 2015 than last year thanks to an improvement in the housing market. There are increases all over the board ranging from: new listings, pending listings, and sales. Another big increase we are seeing in 2015, is the average sale price. Since this time last year, the average sale price is up $33,777. It is hard to say if you’ll continue to see an increase of this magnitude, but one thing is certain, prices have rose. One last thing to mention is the 5 day decrease for Days on The Market or DOM. While the number is down, it would be even better if the number was closer to 100.