Home Sales Up Dramatically in Nearly Every Price Range
In The National Association of Realtors’ latest Existing Home Sales Report, the number of home sales have increased dramatically over the last year in nearly every price range measured. In fact, of the six price ranges covered, only homes priced under $100,000 revealed a decline in sales, down just over 10% from last year.
Industry professionals attribute the decline in the under $100,000 category to a lower inventory of distressed properties on the market, which is a true testament to just how well the market continues to recover following the housing crash.
As for the increases, every category on the report had a minimum increase of at least 9%, with sales in the $250,000 to $500,000 range up an impressive 21.2%. Other figures show homes in the $100,000 to $250,000 price range up 9%, homes in $500,000 to $750,000 price range up $19.1%, homes in the $750,000 to $1M price range up 18%, and homes over $1M up 13%.
With sales volumes continuing to increase, if your home has been sitting on the market for any extended period of time, it might be time to give The Snyder Group a call for a free consultation to discuss what may be keeping your home from selling on today's red hot real estate market! Contact us today at (561) 951-9301!
