Sunday, October 21, 2012

Real Estate in Numbers: Sales Prices Sept '11 vs '12

Average Sales Price - September 2011 vs 2012
(Single Family Residences)

Are things beginning to look up? In reviewing the average sales prices for the southern crescent counties, it appears that the average sales prices may be inching up some. Of course, this is just an overview for the month of September in 2011 versus 2012 so we'll have to continue to watch to see what happens but here's the scoop:
We can tell you from experience that inventory is slim and so therefore, there's competition for the properties that are available. This means that in highest and best situations, buyers are often bidding higher than the asking price and in return, properties are selling slightly higher. If this continues to happen, then it would seem that Realtors and appraisers will begin using these higher comps and this will help market values increase. If you're thinking of buying a home, NOW is the time! Jump in there before prices go up any further!

post signature

No comments: