How Are Existing Home Sales?
January 24th, 2012 categories: Sales
The National Association of Realtors (NAR) is a great resource for information about the housing market.
Soruce: calculatedriskblog.com
The headline for the graph is that the number of properties for sale declined 21.2% from December 2010 and that means we are edging closer to balanced market for both buyers and sellers. It doesn’t mean that prices have recovered to the market highs.
The next graph is the level of sales by year indicating a slight gain over the past few years.
Source: calculatedriskblog.com
Perhaps the most interesting fact is that all-cash sales comprised 31% of the purchases in December, 2011-which was up from 28% in November, 2011 and 29% in December of 2010. According to NAR, investors are responsible for the bulk of the cash sales. Unfortunately the Multiple Listing Service of Greater Cincinnati doesn’t provide data for cash sales in our area- but we’re probably fairly close to national levels.
Call or email if you need more detailed information about our local real estate market.
| Discussion: Comments Off
Both comments and pings are currently closed.
