As is to be expected, I am continually asked questions about the health of the local real estate market. Rather than just giving the static, “The market is great!” response, I prefer to have concrete information to share because it gives my clients a clear and accurate picture of the market rather than just a vague idea or “feeling”. Many times the information that I compile is time consuming because most systems that offer automated market statistics just don’t pinpoint the exact information that I’m after. So I find myself exporting information from the local multiple listing service and diving into spreadsheets until I reach a point of clarity.
Every time that I sit down to begin that task, I wonder whether the outcome will be favorable to the market. Fortunately, of late, the outcome has consistently and increasingly been good, and the 1st Quarter of 2013 is no exception. The most striking result in this short term look at the numbers is that compared to the 1st quarter of 2012, our median price is up close to double digits, at 9.68%. Just a few months ago when I gathered the 2012 year end numbers, the median price was up just 3.63%.
Melissa McCue (909) 855-4898.