Average Sale Prices* continued to rise across the Northeast through the end of May 2014, as compared to the same period last year. Pent-up buyer demand remains as eager buyers are willing to spend more when they find that perfect home. Months of Supply fell, adding to the rise in average sale prices. Although Unit Sales continue to decrease, an expected rise in buyer and seller confidence will cause sales to rebound.
Sellers vary in their expectations about how much their properties should sell for and their urgency to sell. Charting sales/list (S/L) price ratios against Days on Market tells us some things about how sellers approach the market.
April 9, 2013
How often do low-ball offers work? Let’s ask it a different way, “How often have buyers been able to get a big discount off of the list price?” In a good market? Very rarely. In a weak market? More frequently, but not as often as you might think.
February 26, 2013
What drives someone to view a home online? Is it price, location, design or a combination of all? We’ve got our weekly round-up of raveis.com’s Top Viewed Homes in each state, from a split-level cape to a historic Newport cottage. So sit back, relax and enjoy! And, as always, let us know your thoughts on why these homes were the most viewed this week.
February 22, 2013