Strong Sales, Stable Prices.


Sales volume continues to remain strong after the summer months of 2013, but prices remain stagnant as buyers are unwilling to drive home prices up. September 2013 showed a 63.8% increase in sales volume compared to September 2012. This is largely due to September 2012 being a historically slow month in combination with today's buyers wanting to purchase now, instead of paying for higher interest rates in the future. The Market’s stagnant prices demonstrates seller's awareness of the current situation as many are willing to sell their properties below top dollar, afraid that the demand may wear out. Sub markets driven by younger & first time buyer demand are specifically showing signs of this “low interest rate driven demand.” It's difficult to say how busy the market will remain towards the end of the year, likely we will continue to see the balanced market we see today. 

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