Seller’s Market on the Rebound throughout the Country

By
Real Estate Agent with Bozeman Montana Real Estate .net

 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.

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Topic:
Real Estate Market Trends
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Montana
Groups:
Advice for Buyers
Advice for Sellers
Montana
First Time Homebuyer
Tags:
bozeman montana
understanding real estate
selling your home
real estate trends
real estate market
limited inventory
sellers market

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Rainer
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Tonia Rahming
RMS Realty, St Lucie, Martin and Palm Beach Counties - Saint Lucie West, FL
Relocation Specialist

Jenifer, I totally agree. The seller's market is on the rise again. Looking good for all those homes on the market out there.  Buyers are going to have to really start making aggressive offers on these properties to own them. Same thing is happening here on the East Coast.

Feb 25, 2013 07:30 AM #1
Rainmaker
873,779
Richard Weeks
Waller Group - Dallas, TX
Realtor, Associate Broker - Manager Business Development

The market has definately shifted in north Texas.  Home sales are brisk and many multiple offer situation now exist.

Feb 25, 2013 07:39 AM #2
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Rainmaker
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Jenifer Lower

Team Service Above Expectation
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