Homes for Sale Price Rises Highest in 7 Years

Homes for Sale Price Rises Highest in 7 Years 

  Marcella 845 544 4026  riggsmarcella@gmail.com marcellariggs.com

When real estate occupies most of your day (as it certainly does mine), you find yourself receiving no end of information. Some summarize points of view that are available elsewhere; some provide original information that isn’t particularly relevant to our local market. Homes for Sale Price Rises Highest in 7 Years   

One piece that gets more than the usual quick-scan-then-into-the-recycle-bin treatment is the HPI Data Report. It comes in once each month from the demographers at CoreLogic ^®. This group knows what they are talking about: among other things, they collect the most comprehensive property database in the U.S. Homes for Sale Price Rises Highest in 7 Years   

Last week was relatively quiet on the news front, so when they checked in, I was able to give their report a thorough going-over. What I found:

Holy smoke! Prices of homes for sale nationwide made the biggest year-over-year increase in seven years!

Yikes! Year-over-year, even including distressed sales, prices of homes for sale jumped by an average 9.7% That’s just a whisker short of double-digits! Homes for Sale Price Rises Highest in 7 Years   

Good golly! Those homes for sale price jumps were taking place everywhere — in 49 out of the 51 states (the only exceptions were Illinois and Delaware).

One more exclamation! (I’ve run out): As if the trend direction isn’t already crystal clear, this represents the 11^th consecutive monthly increase.

As we prepare for Pearl River’s spring selling season, it’s noteworthy how much this year promises to be a notch up from even last year’s —already a noticeable improvement. Homes for Sale Price Rises Highest in 7 Years   

If you have a property that is a good candidate to join this spring’s complement of Pearl River homes for sale, now is a good time to give me a call. Rising prices mean that the buyers are out there! Call me for a free comparative market analysis on YOUR Pearl River home!!! Marcella 845 544 4026  riggsmarcella@gmail.com marcellariggs.com