Info That Hits Us Where We Live – Homes Sold Faster in Sept. 2013 than 2012!
QUOTE OF THE WEEK… “Look to the future, because that’s where you’ll spend the rest of your life.” –George Burns, American comedian
INFO THAT HITS US WHERE WE LIVE… There was additional evidence this week that the future for us will feature a continued housing recovery. A software company specializing in residential real estate information reported home prices growing strongly across the country in the third quarter. The 2.3% increase over the second quarter was the fastest home price growth they’ve seen in the current recovery. However, prices are expected to increase at a more moderate pace in the next few months as housing demand subsides during the winter.
A national online real estate database reported homes on its site sold 25.9% faster in September than a year ago. They were listed a median of 86 days, 30 days less than September 2012. Their chief economist said the demand “has been fueled by huge resets in home prices since market peak, historically low mortgage rates and a slowly improving broader economic climate.” He added, “Home shoppers in today’s environment need to be prepared to move quickly.” On the National Association of Realtors site, Realtor.com, the median age of its inventory dropped 10.6% in September, to 93 days.
648 Plank Rd. Suite 203
Clifton Park NY 12065
Orson B.Klender, Associate Broker
Keller Williams Realty Saratoga Springs
38 High Rock Ave, Saratoga Springs, NY 12866
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