A FAST START
The first 2 months of 2012 are off to a very positive start. Nantucket real estate sales have expanded 47% in transactions and 64% in dollar volume over the same time period of 2011.
Although it is a bit early to suggest this will be harbinger for the entire year it is a heartening sign. In addition there are some other metrics that point to an improving market. This chart is a snap shot through the end of February:
Over the last 2 years inventories are down and contracts and sales up. As result the pace of price reductions has slowed. All these factors point to an improving sales market. Today Buyers still have a great opportunity to buy. If the above trends continue, that window maybe closing.
About 10 years ago, a study suggested that baby boomers were about to inherit a trillion dollars. Many boomers have already received their inheritance and it's one reason why the country's real estate boom has lasted so long.
"This is going to change the way real estate is purchased forever!" That's a claim I hear about once a week at the real estate magazine that I edit. Usually it's for a new app or website that provides a nifty way of doing something related to the transaction.
Sales of previously owned homes climbed in May to the highest level in more than nine years, indicating that demand for residential real estate remains robust, National Association of Realtors data showed Wednesday.
Maintaining the value of your home is all about making sensible improvements and getting into the habit of smart maintenance.
Close More Deals - Qualify homebuyer leads fast and free If you're thinking about selling your home, you may be stressed out about all the things you need to do to get it market ready, and all the costs associated with those updates. Renovations don't have to cost you a fortune. By thinking smart about some of the updates that will have the greatest impact, you can minimize your spend and maximize your investment.