Seller’s Market Still Going Strong

July was Greenwood King’s best month ever and our market is still a strong Seller’s Market. Despite a slight uptick in interest rates, and very little inventory, buyers are still looking and sellers are enjoying record prices. The June 30, 2013 numbers are really quite staggering. Here are some highlights:

* Inventory in Memorial is 60% LESS than last year….that means buyers have 60% fewer homes to look at.
* New construction is 24% of all sales in Spring Valley….why? more affordable lots
* Prices are up 6% over last year in the major markets GK serves
* Many of our markets have less than 2 months of inventory supply…..6 to 9 months is considered a balanced market

I predict a strong fall selling season….there is still time to put your home on the market this year. Click here for the link for the Greenwood King Market Report.

Here is a lovely fixer upper that has extra large rooms and lots of potential:

Click here for more details