Great news for home sellers!!!!!
Something very interesting is happening in our market that points to now being a time to consider a move up to a larger home. The market has increased in sales volume this year by approximately 35%, good news for home sellers. Of particular interest though are the differences in sales price between the moderate range $150,000 – $250,000, and the upper end range, $350,000 – $500,000.
While the moderate price range has had a slight increase in value (1%) over the past 12 months, the upper end range has had a decrease in value by approximately 14% during the same time period.
What does this tell us? For a local family considering a move up, now may be the best time we will see for several years.