What’s Happening Now? Watch My Quarterly "Neighborhood" Market Update! [VIDEO]
Posted by Marjorie Dick Stuart on Saturday, July 30th, 2016 at 6:39pm.
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Today I am going to talk about 'What's Happening Now,' in my market update and tell you what it means for home sellers this summer!
In June, prices reached record highs for the month. The number of home sales in June was the highest monthly total since August 2005.
Let's just think about that for a minute... the two best sales months in the last 10+ years happened in the summertime! So much for the common misconception... 'Nothing sells in the summer!' This year, one of my sellers sold on the Fourth of July! And last summer, three of my sellers celebrated Labor Day weekend by selling their houses!
Now, back to my market update. In June, half the homes sold were on the market for 9 days or less! The average of sales price to list price remained steady at 99.1%.
During the first 6 months of this year, every one of my sellers sold for full price or more, and those who owned houses in D.C. averaged $97,833 more than full price in just one day!
But if you are thinking of selling this summer, don't get complacent. In my next video, you'll find out about a costly mistake another agent and her seller made and how it saved my buyers over $48,000.
The number of home sales in June was the highest monthly total since August 2005.
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Wondering if you should sell this summer? Talk to an agent who knows how to get top dollar fast, even in the summer!
So thanks for watching 'What's Working Now!' Be on the lookout for my next video... I'm going to tell you about a costly mistake another agent and her seller made. You won't believe how much money these 3 words, 'Wait until Wednesday,' cost a seller...over $48,000!
Thinking about buying or selling? You probably have questions. CLICK the link below for a free, confidential 17 minute conversation... LET'S TALK!
