Below are the numbers for last week’s Real Estate activity in Yuba and Sutter Counties. Once again the sales fell behind new listings (including the “Back on Market” homes) just as they did with the recent weeks.
|Newly Listed||Back on Market||Price Increase||Price Lowered||Under Contract||Closed|
To view the homes in any of last week’s categories just click on the number.
July closes out with real estate sales pretty much level, or slightly down from June and May. Prices have increased significantly from the beginning of the year. Interest rates have remained historically low.
Inventory has been increasing slowly 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.
While price reductions continue at a high rate this is not something to be alarmed about. Many homes are coming to market with an unrealistic asking price. Consult your Realtor® (or call us) to verify the market value of any home you are interested in.
Good news? Right now prices are stable, 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 has slowed the market sales while everyone figures it out. We are expecting to see another slight interest increase soon. 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.