Things are heating up – Literally

As spring approaches, and temperatures rise, so does real estate activity.  Currently, we are seeing an increase in showings and offers.  Will this translate to increasing prices?  Absolutely, already, from February of 2014 to February of 2015, there has been over a 4% increase in listing prices.  This is clearly an effect of inventory that has been steadily decreasing over the last few months.  We had been in a relatively balanced market, but the view to the next few months is looking like a steady trend to a sellers’ market when inventory becomes scarce and more buyers competing for the best available homes.

Leave a Reply

Your email address will not be published. Required fields are marked *