A recent article in today’s Charlotte Observer stated that pending home sales in the South were up 13% in December of last year, outperforming the West and the Northeast markets. Pending sales are properties under contract, which generally will close in about 30-45 days.
At the same time, prices continue to fall in every market. It might be that those falling prices, coupled with low mortgage rates, are driving the increase.
While new construction continues to slump, inventory of resales is strong, providing a lot of choices for a buyer looking for a good deal at a good time. While there aren’t many new homes being started, there are a lot of them in builders’ inventories, and they are dealing as well.
Ready to begin a seach? It can start with a phone call or email, and you can be viewing your dream home on line. Contact me and let’s get started!
Filed under: Information For Buyers, Market Statistics, Real Estate Talk
