Market Talk! S. Oregon Real Estate for April 4, 2019
How many times have you heard some ask, “When is the best time to sell a home.” We actually have the answer for you on Market Talk. The best time to list and sell is right now, the first week of April. See the stats below.
We’ve learned this, listing your home in the first week of April contributes 14x more property views, 5% less competition from other home sellers, and results in the home being sold 6 days faster!
Even if you’re not quite ready to sell, this next chart from Zillow shows that early Spring across most of the USA, between May 1 and May 15 also is a good time to sell. In fact, Zillow stats show homes listed for sale between May 1 and May 15 tended to sell for about 0.7 percent more (or roughly $1,600 on the typical U.S. home) and about six days faster than usual.
As these charts show, we’re certainly right in the middle of the busiest Real Estate months of the year.
We’re told you that mortgage interest rates are a big reason the market is doing well. Interest rates this week have a range of 4.275% to $4.775%. On last week’s Real Estate Show, Guy Giles, lending expert from Bank 34 Mortgage shared with us what’s going on and how lenders don’t expect rates to rise the remainder of 2019.
You can always contact Guy directly, at guy.g@bank34.com to find out what you may qualify for.
Please join us Saturday, April 6, 10 am KCMX AM 880 for our next show which features Real Estate School. Yes, there is such a thing and Geoff O’Neill, John L Scott Broker and RCC instructor is proof of that. He joins us to share what he talks to his students about various real estate issues and such.
Real Estate sales last week continued to show a lot of activity across the board with inventory continuing to rise. Check out last week’s stats.
Notice the large increase in closed sales last week in Jackson County.
Finally this week, what are the reasons Americans buy homes? We certainly buy a lot of them each year. I thought it was great to see that “because its a good investment” was top on the list.
and it is a good investment. If you bought a home last year in Jackson County for example, the average appreciation in value was 4.6%, higher than the national average. This is why home ownership is so important in the creation of wealth in our country.
We’ll have the latest SOMLS stats out next week that we’ll share with you right here on Market Talk!
Contact me anytime:
phone, text 541 621 7036
email petebelcastro@johnlscott.com