1. New Listings - More houses are up for sale!
In the past month, 15% more houses have been put up for sale. That’s like if you had 10 cookies last week and this week you have 11.5 cookies to share with your friends!
2. Home Prices - Houses cost a little more!
Prices of houses went up by 1.5%. Think of it like this: if a house was a hundred dollars (just pretend!), it now costs one dollar and fifty cents more.
3. Time on Market - Houses sell super fast!
Houses are being bought really quickly, 8 days faster than before. It’s like when a new video game comes out and everyone rushes to get it.
What does this mean for people buying or selling houses?
- If you’re buying a house, it’s like a treasure hunt! There are more houses to look at, but you have to be quick and make a good offer if you find one you like.
- If you’re selling a house, it’s like having a super rare trading card. If you show how cool it is and ask for the right amount of money, you could have a lot of friends who want to trade with you.
So, that’s the big news in the world of houses! If you or your family are thinking about buying or selling a house, talking to a real estate agent is like finding a guide for your treasure hunt. They can help you understand this game of houses even better!
Saiid Zamani
Realtor
Keller Williams Realty
Cell: 484-597-6868
Office: 610-647-8300
Email: [email protected]