Traditionally autumn is the time when real estate activity begins its annual slow-down. So far we are not seeing it! New listings continue to come to market and the current inventory continues to be sold.
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|
Price reductions continue at a high rate. We feel this is not something to be alarmed about. Some homes are coming to market with an over-optimistic or unrealistic asking price. Consult your Realtor® or call us (or just click the button below) 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?
Cautionary news? There have been some changes in the way loans can be made. Requirements are increasing for some types of loans. Down payment assistance programs will see this first, and be hit the hardest (at least for right now).
2014 is looking like another great year for people who know how to utilize the tools available to them. First time buyers; beginning or experienced investor; trading up, downsizing: OPPORTUNITY IS KNOCKING! Will you answer?
Who do YOU know that might be thinking about buying or selling real estate in the near future? Now is the best time for action.