Have You Thought About Selling? - Buffini and …

1 2014 Buffini & Company. All rights reserved. Used by You Thought About Selling? Existing home sales in 2014 are expected to remain equal to 2013 prices are on the reboundHome prices were up more than 12% in 2013 from The median price of an existing home was up to $196,300 in The median price of a new home increased to $270,900 in Prices are expected to increase in 2014 due to tight sales remain steadyHome sales have remained steady for the past year. Existing home sales increased 6% in the fourth quarter of 2013 to a seasonally adjusted rate of million of Americans say that now is a good time to buy a Sources: 1. National Association of Home Builders 2.

2 MarketWatch, January 17, 2014 3. National Association of REALTORS , November 8, 2013 4. Fannie Mae 5. Housing Wire, October 1, 2013 6. Fannie Mae, January 7, 2014If you ve been thinking of putting your home on the market, now is a great time. Although the inventory of new and existing homes has been increasing, in many areas inventory is still considered low. According to national statistics, the inventory for new and existing homes is months supply and months supply, respectively as of November Although housing starts were up18% in 2013 from their 2012 level, the current level of construction is still below expected household As a result, multiple buyers are bidding on listings and many sellers are getting the listed price for their home.

3 There s no doubt About it; now is a great time to sell if you ve been thinking of putting your home on the of Americans think that now is a good time to sell, an increase from December of a Seller168% of sellers have sold a home before. What are they Selling? 81% of sellers sold a detached single-family home, 7% sold a townhouse, 5% sold an apartment or condo, 2% sold a duplex and 6% sold another type of average seller lived in the home a median of 9 years. How long did their home take to sell?30% of sellers sold the home in 1 to 2 weeks. The median number of weeks a home was on the market was much did it sell for?

4 37% of sellers sold their home for 95% to 99% of the listing price, 21% sold their home for the full listing price and 18% sold it for 90% to 94% of the listing price. 53% of sellers did not reduce their asking price; 25% reduced the price once. Where are they moving? On average, sellers purchased a new home within18 miles of the one they dream of owning a home remains alive and well in the minds of many The current homeownership rate in the United States is Although the housing market has been challenging for many homeowners over the last few years, homeownership is still a top goal for many are they Selling? 19% Home is too small15% Job relocation13% Want to move closer to friends or family10% Neighborhood became less desirable10% Home is too largeHomeownership: Still the American Dream80% of Americans believe that owning a home is part of their American Dream.

5 4 Sources: 1. National Association of REALTORS , 2013 Profile of Home Buyers and Sellers 2. TD Economics 3. United States Census Bureau 4. National Association of REALTORS Who s Selling? Contact me to learn more About the local real estate market.