In a recent Real Trends market report, we’ve found our sellers some encouraging news… and some expected news. While property values are continuing to decline, the month of August illustrated that the volume of houses sold is UP! From last year to this year, we’ve observed a 21% increase in houses sold. Even better, we southerners experienced the lowest decline in property value, at only 1%. Our northeastern counterparts saw a 4.2% decline, contributing to our national annual decline of 3.2%.
What can we gather from this information? There is light at the end of the tunnel! Your house may be a likely investment candidate during our shifting market. Interest rates are low and southern property values are relatively stable, so stick with it and stick with us at Coldwell Banker Triad, Realtors. We hope to help you, and our efforts are at a stable 110%!