For those of you who really watch our local markets, you must really like what you are seeing! The majority of houses are moving quickly in our area and our prices are going up.
The sun is out, the birds are chirping and we are all enjoying a beautiful spring so far! The local real estate market is hopping! Buyers are out enjoying historically low interest rates and Sellers are seeing quicker sales.
New listings in our market place have just dropped to a year low! They have dropped 19.09% since this same time last year. What does this mean?
This means that we need more good inventory on the market! Houses that are priced right, show well and are in good locations are selling!
Things are very interesting in Stafford right now. The latest statistics are very indicative of what we as Realtors were feeling in Stafford last month. It
This time last year, first time homebuyers were frantically trying to make sure they could close on their home of choice by June 30th so that they could make sure and receive their first time homebuyer tax credit!
Houses were selling left and right, prices were escalating in some instances and the market was extremely busy!
Our spring market in the Fredericksburg region has been much hotter than our weather! Buyers are out taking advantage of great interest rates and housing prices. Sellers are able to take advantage of low housing inventories and somewhat stable prices. We experienced a very busy start to our year that has been very steady up until the beginning of April.
The 2011 spring real estate market is starting off nice and strong! Our market is blossoming just like some of the early flowers, making us feel more hopeful that real estate in our area is a little more stable than other parts of the country.
Stafford County is off to a very interesting start this year! Our market started to pick up in November 2010 and has been getting stronger with each month that passes! Houses that are priced well, are in good condition and in good locations are really seeing a lot of showings and are going under contract much quicker than they were this time last year.
November was a very good month in the Stafford region! While closed sales were down compared to this time last year, new listings were up ever so slightly, pending sales rose considerably, the median sales price increased and average days on market decreased!
2010 has started off with a bang. The phone is ringing and properties are being shown, but don’t forget you must be under contract by April 30th to receive the Federal Housing Tax Credit for first-time and move-up homebuyers.