The December 2012 Housing Report was issued by the National Association of Realtors on December 20th, 2012. And the news is very solid. The video says it all, so please take a few minutes to hear first hand about the solid recovery in real estate.
Whether you are considering buying, selling or investing, now is an opportune time to get in the market. Low inventory in Boulder is adding fuel to the fire, so to speak. With so few homes for sale, owners are seeing great results when listing their property. And the national statistics of increased values are reflected in Boulder. I will be publishing local specific data shortly.
Nationally though, values are up on average just under six percent. Days on market are reduced nationwide and the number of housing units sold continues to increase. Some of the driving factors for these improvements include: historically low interest rates, tight inventories, high rents.
So when is the right time to buy, sell or invest? In past years, waiting for the Spring has been important to sellers, to maximize the market. But there is no inventory right now. And there is pent up demand. So if you are thinking about selling, now is a great time to get your home on the market.
Buyers should consider interest rates. They are super low. If the right home is available, now is the time to lock in a low rate. And buying sooner is to a buyer’s advantage, as Spring means more buyers and more competition entering the market place.
Please give me a call, I am available this holiday season to assist with your family’s real estate needs. Happy Holidays – Bob