March races in with activity not seen since the boom days of 2004 and 2005. Open houses are full of eager buyers and year-to-date data show that sales are on the rise. "We are really seeing the pent-up demand coming off the sidelines and participating in the affordability of today's market."
Agents continue to see multiple offers on well priced and presented properties. The two most important P's out there right now, Price and Presentation!
Mortgage rates continue to support as well with historic lows still in place. Freddie Mac reports average fixed mortgage rates largely holding steady from the previous week, remaining near their 65-year record lows.
February results are in, YTD single family unit sales up in all but Fairfield. Check out our Market Action Reports for the details.
With the continuation of the present trend we forecast modest price appreciation for 2013.
This Sunday is the Coldwell Banker Open House Event, 32 homes, ranging in price from $309,900 to $ 2,395,000 are on the tour. Going to open houses is a good way to get a better sense of the market.
As always we are here for you to answer any questions or concerns, please do not hesitate to reach out. If you know of anyone who is looking to buy or sell, we would appreciate the referral.
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