February 2015

 

In a Nut Shell

1. The market accelerated in February: as demand increased so did average price. 
2.  We broke a NEW RECORD – the average price for a single, detached home surpassed one million dollars! 
3. No more time for dilly dallying – detached are selling in 16 days, semi’s in 8 days, and condos are now selling at a steady pace of 27 days.

 

Susan’s Forecast

In the coming months I expect to see signs of:

1. Buyer fatigue for those who’ve been in many bidding wars.
2. Seller greed setting in and listing too high.

If this does occur, we could see a slight lull in the market, but only until the next round of pent up demand sets in.