Market Update- Spring 2014
So far 2014 has been a crazy year. The real estate market cooled a bit this winter due to the massive amount of snow that dumped on us. It was definitely the worst winter I’ve seen in my lifetime. Sales are down this year so far by 23% compared to the same period last year. Although sales are down, the market is still hot overall and prices have continued to go up. The main reason for the decline in sales is there are not enough homes for sale. Listings are down by 27% YTD. There are a lot of buyers out there that are ready, willing, and able to buy, but cannot find the right property.
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Great info on everything real estate.