The 2014 home buying season is off to a strong start with
year-over-year increases in housing inventories and “sustained growth in
home prices,” according to the latest National Housing Trend Report
from realtor.com®, which reflects data of 143 markets across the
country.
The number of properties for sales edged up 3.1 percent in January
while the median age of inventory basically held steady, indicating a
“less frenzied market” than in January 2013, realtor.com® reports.
This is “an encouraging sign of sellers’ interest, particularly given
the adverse conditions brought on by the polar vortex,” says Errol
Samuelson, realtor.com®’s president. “We saw the tight-supply market of
last fall carry all the way into November – later than is typically
expected – and this early rise in inventory is a welcome trend.”
No comments:
Post a Comment