Wednesday, July 15, 2015

Perfect Timing

As the saying goes, "Timing is everything." That certainly applies to the real estate market, both locally and nationwide. The good news is – whether you're a buyer, a seller or both – right now may just be the best time for you to list or purchase a home!

I  pride myself on keeping close tabs on real estate trends. Lately I've noticed - much to the pleasure of everyone - a cross-country uptick in consumer confidence combined with low mortgage interest rates is fueling a residential real estate market resurgence. This is good for everyone! From job transferees looking for their next city-of-residence to retirees hoping to relocate to a warmer climate, most people on the move are finding the process much easier than at any time since 2006.

Additional good news, especially in Wisconsin, is that along with the summer's climbing temperatures, the real estate market is getting hotter and hotter, too. According to Wisconsin Housing Statistics, May 2015 saw the most homes sold of any month in the past eight years. And according to South Central Wisconsin MLS, Dane County home sales rose 24.7% from 722 in April 2014 to 579 in April 2015, and the median sale price of single family homes and condos in Dane County rose 9.5% from $210,000 to $229,900 within the same timeframe. Furthermore, the average listing price was $251,183 with an average of 78 days on market until they sold. This means the final sale price was 97.37% of the asking/list price.

The timing seems perfect for sellers, but what about buyers? Time is on your side, too, because right now, most qualified buyers can take advantage of a fixed interest rate of just over 4% on your new home, which will contribute greatly to improving your monthly cash flow and your ability to save for retirement!

How do you find out if the time is right for you? Call me!! I'll not only let you know how much you'll get for your current home in today's market, but can also show you everything listed for sale by every member company of the Multiple Listing Service. No cost – no obligation. It's your move. I'm here here to make sure the time is right for you!

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