If you've been on the fence about buying or selling a home, new market statistics might just be enough to convince you to act.
Here are the latest statistics from the National Association of Realtors - and they make for exciting reading:
- Projected home sales for June were 5.04M compared to May's figure of 4.91M. A month-to-month increase of 2.6% and the fastest pace of home sales since last October.
- The national median home price for existing homes rose to $223K from $212k in one month - that's a really significant increase in such a short time - an increase of no less than 5.3% and up 4.3% from the same time last year.
Yet again, we have seen mortgage rates falling and they end this week near the lowest levels of the year, with no immediate indications that they are likely to rise significantly.
It all adds up to a perfect summer storm, whether you're a buyer or a seller, or indeed both.
Momentum is continuing to gain in the housing market and the growth we have seen in the past few months is a positive sign for the economy, following the rough start to the year.
At a more local level, we are seeing these positive signs being reflected in the Albuquerque area market and would be very happy to explain to you how the matrix of national and local statistics is so very favorable, no matter what your reasons are for buying and selling. Investors and home makers alike have rarely been in a better position to act right now - call us today and get the ball rolling.