Below are the numbers for last week’s Real Estate activity in Yuba, Sutter and Colusa Counties. Once again the sales fell behind new listings (including the “Back on Market” homes) just as they did with the short week before Thanksgiving.
|Week ending||Newly Listed||Back on Market||Price Increase||Price Lowered||Under Contract||Closed|
To view the homes in any of the above categories just click on the number.
2013 closes out with real estate sales pretty much level. Prices have increased significantly from the beginning of the year. Interest rates have remained historically low.
Inventory has been low and there continues to be no sign of the fabled “shadow inventory” some news services were predicting would flood the market driving prices down again.
Good news? Right now prices are still low, interest rates are low, and good deals are happening daily. Why would you not buy now?
Not-so-good news? There have been some changes in the way loans can be made. This will likely slow the market sales while everyone figures it out. We are expecting to see a slight interest increase.
2014 is going to be another great year for people who know how to utilize the tools given them. We have numerous first time investors entering the market because NOW is the time when all the numbers line up. OPPORTUNITY IS KNOCKING! Will you answer?
If you are thinking about buying or selling real estate in the near future, now is the best time for action.