Ho, ho, ho! What a wonderful time of the year! Apparently Santa and the elves are delivering some early Christmas presents this year because lots of happy Buyers and Sellers are receiving their Christmas wishes. One would think that the holiday season might mean that the market would slow down but that is not the case this year! In November, Stafford County saw increases in sold dollar volume, average sold price, median sold price, units sold by a whopping 27.78% and a decrease in average days on the market. Please see below for more statistics:
Active listings decreased a little bit year over year last month and we are still at a five year low for inventory. If you have any equity in your home and you are considering selling, now is a great time! Interest rates are still at a historic low and should continue to stay that way for at least the immediate future. Average sold price increased in Stafford to $288,335 and average list price for solds rose to $292,484. Days on market decreased to 56 days!! When the New Year begins we will hopefully see a rise in new listings. Houses that are priced right, show well and are in good condition and locations will continue to sell quickly. If our local momentum continues in our favor, 2013 will be a great year in real estate!
Commentary and market stats provided by Amy Cherry-Taylor, Business Manager, Stafford Regional Office.
Search for Home in Stafford County: www.averyhess.com