Real Estate Round Up For June 2016

Dated: 08/04/2016

Views: 479

I’m Jeremy Callahan with Signature Brokers, and this is the Real Estate Round Up, where we take you around the local real estate market in 90 seconds. We’re going to put more money back in your pocket and minimize the stress of buying and selling. Sound like fun? Let’s do it! 

Here are market stats for June 2016, and the data shows we’re remaining steady as this continues to be a "Sellers" market. The median sales price is UP at $172,000, that’s an 11% increase in home values compared to June of last year. Closings are also up 4.6%, and so far this year, we’re on track to sell nearly 11% more units than last year. The market is HOT, and buyers are out in full force. And why not with interest rates as low as they are right now. 

Our days on market for homes are currently at 62 days, that’s a dramatically faster market than just 24 months ago at 105 days, and if that’s not enough to make sellers happy, take a look at this next graphic…Sales prices are currently at almost 96% of asking price for June and holding strong over the past 2 years. 

What does all of this mean? For sellers, right now is an excellent time to sell because with these statistics, the limited competition, and our marketing strategy, we’ll catapult you to the front of the market and the top of the search engines to get you top dollar FAST. But you better act now before the number of buyers starts to slack off as we head into Fall. For buyers, yes there are less homes available, but interest rates are still at ALL TIME LOWS. Plus, if you buy now with cheap money, you’ll have Iower monthly payments and more house for the same amount of money. 

I will continue to keep you updated and if you need anything please feel free to call or text me at 423-430-9633 or email ANYTIME.

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Jeremy Callahan

About Jeremy Callahan-- Jeremy is a real estate consultant, and team leader of the Callahan Real Estate Group. A graduate from UT-Chattanooga in Communication and Marketing, he brings a high level....

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