Real Estate Market Update

Dated: 05/25/2016

Views: 281

Existing Home Sales Continue to Rise

Sales of existing homes moved higher in April for the second straight month despite inventory shortages. According to the National Association of Realtors®, total existing home sales rose 1.7 percent in April and are 6 percent higher than April of last year. Sales surged in the Midwest, where home prices are still the most affordable.

New construction also continues to build steam as we head in to the prime building months. Single family permits were up 2 percent in March. Golden Valley lead the way with 172 permits issued. Overall the market continues to remain healthy due to low mortgage rates and modest seasonal inventory gains.

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As always, if you are looking to buy or sell, please contact me,

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