Market Update – May ’15

Just Listed

The spring buying season is off to a good start! According to a report by the National Association of Realtors, existing-home sales were up 9% in March. So it should come as now surprise that home prices are rising.

Last week, the Case-Schiller Home Price Index showed that home prices rose 5% across the country from last quarter 2014 to the end of Q1 2015. Inventory is also increasing, but not as fast as sales, resulting in the limited supply getting even tighter.

If you’re looking to buy or sell your home, contact me. I can help you navigate these rising trends.

 

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