More proof that 2015 is looking
good.
One
of the predictors of future transactions is foot traffic. Nationwide December
figures were up not down. As mentioned last week the 4th quarter
transactions were up from 2013 and now we have the January home trends report
from our MLS and the data is strong. The number of pended transaction rose from
December 2014 to January 2015 by 43% (645 to 921 combined for Napa, Somona and
Solano counties) in that same time period last year the rise was only 16% (660
to 767)
-Kris
Tip of the week.
Where
are the listings … coming soon.
We
have been in a inventory shortage since last February. We are still currently
at about 2.5-3 months of inventory. A “balanced” market is between 5-6 months
of inventory. But there is reason to hope for good things to come.
History
shows us that the 2nd quarter is the when the most listings come on
the market.
For
the seller, we have buyers circling in the water with low inventory, get your
properties out there early and priced correctly to take advantage of this pent
up demand.
For
the buyer, good news more properties are coming.
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