Groundhog Day may not have come until February 2nd, but in January both Sellers and Buyers came out of hiding.  Sixty percent (60%) more homes were listed in January than the prior month in December; likewise, sixty percent (60%) more homes went under contract in January.  Meanwhile, the number of sold homes (closings) in January stayed [...]

The Year in Review

UNDER $250,000: 10% PRICE APPRECIATION

OVER $250,000: 2%–3% APPRECIATION 

We’ve all read the reports:

1. The supply of homes is at its lowest level in years, as the number of new listings cannot keep pace with the number of sales.
2. Prices are rising.

Regarding the supply of homes, it’s true.  The supply of homes [...]