Seller’s Market on the Rebound throughout the Country

 A seller’s market is developing and home prices are continually raising in every region expect for the West. Here we are seeing a limited inventory. Nationwide, inventory fell 4.9% to 1.74 million homes available for sale (representing a 4.2 month supply at the current sales price). Distressed home sales accounted for only 23% of the home sales in January 2013—down from the 35% the prior year.

“We expect a seasonal rise of inventory this spring, but it may be insufficient to avoid more frequent incidences of multiple bidding and faster-than-normal price growth,” Lawrence Yun, NAR chief economist, explained.

In addition to the limited inventory, buyer’s confidence and traffic is continually picking up hinting that there will be a large increase in seller home values when these two trends merge. READ MORE HERE.

Comment balloon 2 commentsJenifer Lower • February 25 2013 07:22AM
Seller’s Market on the Rebound throughout the Country
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A seller’s market is developing and home prices are continually raising in every region expect for the West. Here we are seeing a limited inventory. Nationwide, inventory fell 4. 9% to 1. 74 million homes available for sale (representing a 4. 2 month… more
Gallatin Valley Active Foreclosures and Short Sales: February 22, 2013
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Active Foreclosures in Bozeman, Belgrade, Manhattan, Dillon Three Forks, & Big Sky! Thursday, February 21, 2013 The following links are for the current FORECLOSED HOMES in the Gallatin Valley. They are usually priced well and most… more
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