We now have new showing stats starting January 12. The weekly average through January 20 was 5.3% ahead of last year. We don’t see how we got from the low showings the end of December to where we are now but there must have been quite a jump… likely the surge we were feeling the last couple weeks as a result of the surge in new listings. Showings will be able to remain strong only as long as there are new properties to see. There has never been a better time to be listing your home for sale if you are ready to sell… prices are strong, and buyers are eager to find a property while interest rates are still low. They are expected to rise a bit, but still stay historically low the rest of this year.
Pending sales continued to rise this week, chasing the new listings as they hit the market. New listings tempered a bit this week, but still strong enough to feel the market coming back to life.
Low interest rates are motivating buyers. Are you one of those buyers? First step is getting approved for a mortgage… some advice below from our blog at Keeping Matters Current to keep your approval. Did you know they check your credit again right before closing? Beware of buying new furniture for your new home only to find that it affects your credit enough to lose your mortgage and the home for your new furniture!