SPRING INTO A NEW HOME!


According to the Daily Real Estate News inventories of homes for sale have increased 10 percent year-over-year, signaling growing seller optimism and a strong, early start to the spring home-buying season. The median list price edged up 76 percent higher in February compared to year-ago levels. The nationwide median list price is $199,000, realtor.com reports. Seller confidence is the factor to watch as we head into the spring home-buying season, and these are very encouraging indicators – not only are more homes coming onto the market, but typically we don’t see a rise in asking prices this early into the year. This is the market sellers have been waiting for. Still, realtor.com notes that inventories are still low by historical standards. About 99 of the 146 markets that realtor.com tracks saw year-over-year gains in inventory levels.