You may have already noticed by the buzz around you, but the number of real estate sales have increased significantly: 15% from January to February of this year already! That surge marks the largest January-to-February increase since 2000, according to DataQuick records that date back to January 1988. When comparing February with the same month a year ago, sales rose 16.3 percent. But you may be wondering, “What price range are most buyers in”?
The chart below shows that the majority of buyers are buying properties under $500,000. We are seeing a plethora of first-time home buyers, investors and those who are downsizing from larger homes.
If you are looking to buy and sell, call us today to help you navigate through this ever changing and fluid market.
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