According to RBI, LLC., the dollar value of homes sold in September 2013 increased almost $4 million from September 2012, representing a 56% increase from a year ago. This reflects the fact that there was a corresponding increase of 37% in the number of homes sold as well, with a slight increase of 13% in the average price sold compared to September 2012.
In comparing the real estate trends from August to September of this year, September showed a decline in Dollar Volume sold, but an increase in the average and median price sold indicating people are willing and able to better meet the listing prices, with a 93% ratio of sales price to original listing price.
The market still favors homes that are under the $300,000 price point as 75% of the homes sold were under this price. Despite the fact that school has started and often people are reluctant to move; however, with declining interest rates rapidly heading below 4% APR combined with lower inventories and rising home prices it is a great time to consider buying or selling.
So if you are currently looking to buy or sell a home, remember for all of your real estate needs call the Ostlund Team, and allow us to share our synergy of teamwork to help you achieve your real estate goals. The Ostlund Team will work “OverTime” for you! Call Penny at 540.903.9372 or Charlie at 540.903.7796