2015 and 2016 Annual
home value appreciation
Spring is about to kick into high
gear and with it, the prime season for buying and selling homes. It’s about
time for a change. Over the winter, new housing rules went into effect, which
notably affected existing home sales, and inventory remained low. The supply of homes for sale is still tight, but it’s
on the rise—as are aspirations for homeownership. With winter
virtually on its way out the door, can buyers and sellers expect the market to
warm up with the weather?
Well, there’s still a nip in the
air: National home values are currently 6.4 percent below the pre-recession
peak. That’s down 0.4 percent from January and good news for buyers.
There is some good news for sellers,
too: From January 2015 to January 2016, home values appreciated across
the country, with increases varying between 0.6 percent (Washington, D.C.) and
15.4 percent (Denver).
Time
your listing to sell faster
The sixty-four-thousand-dollar
question in real estate is “When is the best time to list?” An optimal outcome
means timing the listing to get the highest price while selling the home
as quickly as possible.
Backed by eight years of data,
Zillow economists have identified early May, nationally, as the “magic
window” to get 15 percent more agent contacts, and yield a sale 18.5 days
faster and for nearly 1 percent more than national averages. Here in the Triangle NC area, the magic
window is April. This means that, if you are thinking of
selling this year, you should have your Real Estate Agent lined up & be in
the process of preparing your home for the market NOW! Pre-listing prep work
is vital to success.
Contact me to learn more about our LOCAL Spring home selling
market and get a complimentary report on the current value of your home today!
Elizabeth Scott, Realtor®, BrokerDiamond Award – High Sales Volume
e-PRO, Strategic Pricing Specialist
Fathom
Realty NC, LLC
Phone: 919.306.9699
Phone: 919.306.9699
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