January and February were very busy. January was actually one of the busiest I have ever had. This was partially because of mild January weather, but mainly because of the market. There is a large amount of active buyers due to GREAT interest rates. As the weather warms up, look out, the warm weather buyers come out in droves. NAR reports, “Despite concerns that harsh weather could lower buyer demand, pending home sales in January reached their highest level since August 2013.”
Buyers in 2014 faced low inventory and that is continuing in 2015. This increased home prices and continues to do so. This may have closed some buyers out of the market price ranges. There were several key developments late last year that will likely result in more first-time buyers and other house hunters getting in the market in 2015. Again, results will be lower inventory and higher prices.
The median existing-home price for all housing types in January was $199,600, which is 6.2 percent above January 2014. This marks the 35th consecutive month of year-over-year price gains.
So what does all this mean? If you are serious about looking for a home and have not started ….START NOW!!!!
Please call, text, or email me to help you get started. If you are serious, and looking to purchase, I will make a commitment to you, and we will find you the right home.
Please see a few of my testimonials at: http://move2milwaukee.com/resource-center/testimonials