Quick update on our real estate market as reported by Realcomp II Ltd. The trend remains very similar to the last quarter with less number of sales being reported for September 2013, and the prices increasing.
But in review of the last 3 months of this calendar year, while the number of sales remains low, we see a trend of median sales prices showing a slight dip in value. This can be explained by a higher volume of listing inventory (compared to springtime) offering buyers more selection. In addition, traditionally the autumn market brings fewer buyers to the market compared to spring/summer. Many sellers in the market are finding that price adjustments are necessary to generate not only activity, but bona-fide offers. Continue reading "SEPTEMBER 2014 STATI"