So many factors impact the sales market activity. We’ve noticed things from gas prices to weather can affect the activity on a day to day basis and during each month. In September, Monroe County saw a decrease in new listings by 7% from the same month in 2016 but we closed 9% more transactions in Sept2017 than in Sept2016. The good news is that we are seeing an increase in the average sales price, nearly 8%. Inventory remains low and is the main cause of the slow down in sales activity. If you’re thinking of selling, there is less competition now than you’ll most likely see in the Spring! Buyer traffic is slow, which could be affected by the upcoming holidays. Although interest rates remain low, we are expecting to see interest rates rise over the next year. This may be another reason for acting sooner than later! Don’t let the holidays and winter weather delay your house-hunting and house-selling opportunities!
Realtor Bloomington Indiana
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