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Showing posts with label Home sales have been exceeding new inventory. Show all posts
Showing posts with label Home sales have been exceeding new inventory. Show all posts

Thursday, August 21, 2014

Home sales have been exceeding new inventory

Photo: Moving Real Estate Forward:The median list price in KNOXVILLE, TN this week is $189,500.

Prices appear to be hovering around their high point. Look for a
persistent down-shift in the Market Action Index before we see
prices deviate from these levels.

Home sales have been exceeding new inventory for several weeks. Percent of Properties with Price Decrease 40%. Since this is a Buyer's market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller's zone, and we are likely to see upward pressure on pricing.

If you’re a Buyer, now would be a good time to get something started, there’s still time to take advantage of LOW rates and LOW Down Payment programs now. READY TO GET STARTED?  Bring the family! » http://justlistedknoxville.com/TRENDSPrices appear to be hovering around their high point. Look for a persistent down-shift in the Market Action Index before we see
prices deviate from these levels. The median list price in KNOXVILLE, TN this week is $189,500.

Home sales have been exceeding new inventory for several weeks. Percent of Properties with Price Decrease 40%. Since this is a Buyer's market, prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller's zone, and we are likely to see upward pressure on pricing.

Interest Rates. Low Is the New Status QuoYes, the Federal Reserve is preparing to raise interest rates as soon as next spring. But even that won’t produce the interest-rate “normalization” that many assume to be on the way according to Michael J. Casey of The Wall Street Journal Money Beat. "superlow interest rates will be with us for a long time".

Now would be a good time to get something started, there’s still time to take advantage of LOW rates and LOW Down Payment programs now. READY TO GET STARTED? Bring the family! » http://justlistedknoxville.com/

if in the next 2 weeks you will know of friends, neighbors, or coworkers who are looking to sell or buy a home. Real Estate Referral.....Earn Valuable Points for your choice of Gift Cards. Chose between: Home Depot, Visa Gift Card, Bed Bath & Beyond, Master Card Gift Card, Belk, BP, Bravo/Brio, Cracker Barrel, Best Buy,The Cheesecake Factory,The Home Depot, Verizon, Regal Entertainment Group, American Express, Starbucks, upon the sucessful closing of the transaction. Are we missing the one you want? Let us know! http://justlistedknoxville.com/ReferUs/

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