February is here, and this is how we’re doing in the new year’s market.
Welcome to February! The market is really picking up. We had about 1,500 homes hit the market over the last week, and we had just about 1,200 homes go into contract. So we’re seeing it pick up very quickly, getting ready for the spring season. At the same time, 87 homes increased in price throughout the last week. That shows you that the market conditions are picking up. There are more buyers out there. People are starting to get more aggressive again. We’re not seeing too many multiple offers, but we’re starting to see some. Now people are starting to raise the prices of their houses.
If you’re thinking about investment properties, we have 460 homes that went into lease contracts over the last week. It’s great if you’re thinking about buying something besides what you currently live in. Maybe you’re perfectly happy, but you want to buy that investment property and start being the landlord and make money in real estate as well. It’s a great opportunity right now. People are starting to pour into the city. They are getting ready for the summer season, whether working at places like restaurants and casinos. They often go into rental properties the first year.
“We’re seeing the market pick up very quickly, getting ready for the spring season.”
Also, we have just about 100 homes that are going to be coming soon into the market over the next 100 days. These are people prepping, getting ready, flipped homes, and so on, plus everything else we have coming in.
If you would like any additional information, reach out to me today. I’d love to get your questions answered. Call or email me anytime.
