Home Sales Rise, Market Recovering
National Association of Realtors (NAR) chief economist, Lawrence Yun, said he believes 2012 is expected to be a strong year of recovery for the housing market.
“First quarter sales closings were the highest first quarter sales in five years. The latest contract signing activity suggests the second quarter will be equally good,” he said.
Locally, we’re seeing record-breaking sales volume here in Colorado, and especially in Boulder County.
If Mr. Yun were to look at the local and regional indicators in our area here, he’d likely amplify his confidence level several-fold.
Let’s explore a little more about the local housing market, and don’t forget to watch for and read my Market Updates!
I’d seriously enjoy having the opportunity to talk to you about your plans if you’re moving, or if you know someone who is considering a move, and needs some straight answers.
Yun also added: “The housing market has clearly turned the corner. Rising sales are bringing down inventory and creating much more balanced conditions around the county, which means home prices will be rising in more areas as the year progresses,”
In Boulder County, the market turned the corner over a year ago, and the bottom was really 2009. Now we’re seeing extremely low inventory, competition between buyers, multiple offers, and buyers missing out on their first choice home due to ‘analysis paralysis’… meaning by the time they decided to make an offer, someone else beat them to it and the home they wanted was already under contract.
Watch the video and read the full article online.
-Zachary Epps, GRI, ABR, REALTOR®, Eco-Broker®, full-time RE/MAX professional,
and author of the
Call, text, or email me today! … I’d seriously enjoy having the opportunity to talk to you about your plans if you’re moving, or if you know someone who is considering a move, and needs some straight answers.