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Housing market on a accelerated recovery

Categories: Uncategorized | Posted: May 14, 2013

It looks as if the housing market is making a broad-based recovery, As of April homes stayed on the market for 81 days down 11% since this time last year.

“The home buying season shifted into high gear in April as housing inventory and home list prices increased by 4.12% and 2.63% month-over-month, respectively, according to data released by Realtor.com.”

Nationally inventory has declined year after year in all but 11 of 146 markets that were monitored by Realtor.com. While some markets registered less listings of 20% or more.

“Due to increased demand for homes and more confidence in the job market — we are beginning to see more and more buyers entering the housing market,” said Steve Berkowitz, chief executive officer of Move.

37 markets saw a decrease in list price last year, Now we are seeing a national median list price of $194,900. In the month of April 109 markets saw a median list price increase.

 

 

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