What Can We Expect for 2014?

Welcome to our video blog! 2013 was a wonderful year in real estate and we expect 2014 to be even better. This December marks the 18th consecutive month of continued increasing sales price. What accounts for the increase?

Since last year we have seen a 45 percent reduction in bank owned and bank mediated properties which put a lot of pressure on the average home sale. It helped drive prices up.

As you may remember, in the beginning of 2013 we saw some of the lowest interest rates ever at 3.5 percent, but even at 4.5 percent rates are fantastic.

Our inventory levels have remained around 3.5 months all year. This makes it a competitive market for buyers. Sellers are more confident than ever, receiving multiple offers. Buyers need to come in with a strong bid.

As you can see we've had a fantastic year. We look forward to serving you and answering all your real estate questions in 2014.

Happy Holidays! Have a safe and wonderful holiday season!