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The median price for all types of properties rests at $204,355. Compared to last year, that’s an increase of 10.5%.
Nationally, we’ve experienced the appreciation rate slow down a little. As long as inventory remains low, we’re going to see price increases. Currently, we have 2.9 months worth of inventory available in the marketplace. That’s down nearly 15% compared to the past.
The approximate days on the market rests at 25 days. This presents the opportunity to sell quickly! You can sell your home within a month. Plus, if your property has already been listed for any longer, that means you need to change your strategy -- there’s clearly something wrong.
Over the last year, 103,435 properties have sold in the area. That’s up by about 5%. Overall, we’re experiencing a healthy and successful housing market. We had an awesome 2015 and it looks like it will roll into this year as well!
If you’re thinking about buying or selling a home, give me a call or send me an email today. I look forward to working together!
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