Heading In The Wrong Direction: Home Sales Slip For 2nd Straight Month
The National Association of Realtors recently published a report showing that in October 2013, residential home sales slipped for the second straight month. The report revealed that completed transactions of condominiums, co-ops, townhomes and single family dwellings fell 3.2 percent between the months of September and October. Low inventory has been cited as the biggest reason for the dip in sales.
Despite sluggish sales, the news is not entirely disappointing. Even with the dip, home sales are still up six percent (6%) over last year’s numbers. Further, the national median home price for each type of residential dwelling (combined) is $199,500 — a 12.8% increase over last year. As has been the case for some time, the West felt the greatest strain from low supply, reporting a 7.1 percent monthly drop in existing-home sales to a pace of 1.17 million. Compared to October 2012, sales were down 0.8 percent.
For nearly three decades, the Zwahlen Team has worked with homeowners in and around Danville, California, helping them reach their realty-related goals. The Zwahlen Team is passionate about Danville, passionate about people and passionate about real estate. Serving your needs is always the top priority for this husband-and-wife duo. They understand that the sale or purchase of your home is very personal, and needs are unique to every family. Count on the Zwahlen’s to listen to what you want and then to work tirelessly to make it happen.
If this kind of personalized, professional, client-centered service is what you desire, as you list your home or purchase a new one, contact us today! We’re always here for you!