October 2018 Market Reports
Posted by Christina Galbreath-Gonzalez on
If the last few months are an indication of the temperature of housing markets across the country, a period of relative calm can be expected during the last three months of the year. A trend of market balance is emerging as we approach the end of 2018. Prices are still rising in most areas, and the number of homes for sale is still low, but there is a general shrinking of year-over-year percentage change gaps in sales, inventory and prices.
New Listings were up 17.2 percent to 674. Pending Sales increased 2.8 percent to 446. Inventory grew 2.6 percent to 2,327 units. Prices moved higher as Median Sales Price was up 5.5 percent to $334,060. Days on Market decreased 9.5 percent to 134 days. Months Supply of Inventory was down 10.2 percent to 5.3…
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Whether you have lived in your current home for decades or only a year, as you get older, you may find that you have too much space. Additionally, thanks to stairs, slippery floors, and poor central air or heating, your old home may no longer suit your needs. As a result, many seniors are increasingly choosing to downsize. The process of selling and buying a home is always difficult, but it can be made much easier with proper planning. Here are some strategies that can help.