- The National Association of REALTORS released a repor showing the total home sales have improved by 8.3% in the first quarter of this year.
- By removint the 6.7 million collar sale in 2010 from the chart, we found theaverage sales price of waterfront homes has increased for the past 2 years.
- Average sales price of offshore homes has decrease, (due to 41% being forclosures).
- Interest rates remain historically low still around 4.75% for 30 year fixed.
- Qualified buyers are able to receive 100% financing.
If you are comcidering selling your home, be patient knowing location, pricing, and condition of homes still remain the most immportant aspect of selling a home.
After reviewing these reports, I bellieve this is a great time to be a buyer. You can buy more home for less money and the interest rates are still extremely low. Prices of homes will go up and interest rates will increase. Knowing when is the big question.
Reece & Nichols Al Elam Real Estate, 573-365-2311 Ext.218 or cwardenburg@reeceandnichols.com