Housing Market Holds Steady As Summer Winds Down

Dated: 09/15/2016

Views: 198

Image title

Each year, the housing market heats up over summer and cools over winter.  Over summer, nicer weather brings many buyers out to look for homes, and many families are on vacation, giving them the time they need to move. So generally speaking, more homes sell over summer than in any other season.

This year, the market has been especially hot, and it’s hardly slowing despite summer winding down! Month after month, housing activity increased. In fact, for most of the summer, home sales have maintained their highest annual pace since February 2007, according to the National Association of Realtors![1]

This summer’s streak of impressive home sales tops off several years of recovery in the housing market. Home prices have skyrocketed, restoring much of the equity homeowners lost when the housing market crashed. Yet despite improving conditions, many homeowners still aren’t aware of just how much things have improved.

However, home prices have roared back. In fact, if you look at Freddie Mac’s Home Price Index, you can see home prices are at or near the pre-2008 peak levels across much of the country. And most states that aren’t yet at pre-2009 peaks are quickly nearing them!

What’s more, the record home sale rates we’re seeing are happening in spite of stubborn imbalances in supply and demand. For the last couple years, we’ve been in a strong Seller’s Market, meaning that there simply aren’t enough homes to meet the rising demand. Sellers are having an easier time selling their homes and are getting more in today’s market!

Have you been waiting to sell your home until the market improved? Now might be the perfect time! I have a report that explains why the current market conditions make now an excellent time to sell.  

You can download the report from my website: http://hosted.cdpe.com/103530. After reading the report, contact me today to see what your home is worth.

[1] http://www.realtor.org/news-releases/2016/07/existing-home-sales-ascend-again-in-june-first-time-buyers-provide-spark

Want to Advertise on this Site?

Latest Blog Posts


Now priced at $614,900 this breathtaking, Genesis custom-built home will amaze you! This home is stacked with features such as COREtec flooring, floor-to-ceiling windows throughout,

Read More

My New Journey In The World Of Real Estate

I have recently made the decision to start a career in Real Estate. Growing up in Ames I know a lot about central Iowa, from all the cool new spots to eat to the secret gems within the area. This

Read More

TVs Most And Least Desirable Neighbors For 2018

You told us which TV characters you'd like to live next to and which to avoid.We wanted to know which fictional TV characters Americans would most like to have as a neighbor and which ones they’d

Read More