Homes are Selling like Hotcakes!

Homes are Selling Like Hot Cakes!We have been hearing for the last few months that the real estate market has picked up and that the inventory is very low.  The California Association provides us with further evidence that the market is picking up.  The attached flyer indicates that across the U.S. homes are selling quicker.  The average time on the market in September of 2012 compared to 2011 is 12 days less.  Also, three of the four fastest selling markets are located in California.  Part of this may be due to the fact large investors and hedge funds are buying large blocks of homes in distressed developments, but is there is still a large number of individual buyers which is a continuing good sign for and advancing real estate market.

As we move into 2013, if you are thinking of making a real estate purchase, there might not be a better time.  The key is to get prequalified for a loan so you can move quickly when that “Right Property” comes along.

As always, your questions and comments are always welcome.

 

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