Recent Market Changes and What They Mean For You
What’s happening now in our market, and how do these conditions compare to what we observed in the recent past? Find out in today’s message.
Our market statistics for this January have just come out, and I’d like to share them with you today.
First, the market this January saw very little change compared to what we observed in December 2018.
For example, while 625 homes closed in January, around 620 closed in December. The average number of days on market was also virtually unchanged between these two months, with the average in January being 67 and the average in December being 65.
"With the right guidance, buyers and sellers alike can easily succeed in our market. "
From a more long-term perspective, though, our market has definitely seen noticeable developments year over year. There was an 11% increase in the number of closings between last January and this one. And, pulling back even further, we’ve seen a whopping 33% increase in home closings since January of 2015.
In short, it appears that sellers will continue to hold the cards in 2019, as they have for several years. But that isn’t to say buyers don’t have any leverage or opportunity available right now. With the right guidance, buyers and sellers alike can easily succeed in our market.
If you’re looking for such guidance, have any other questions, or would like more information, feel free to give us a call or send us an email. I look forward to hearing from you soon.
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