Spring Buying Season Off To An Early Start?
The spring buying season is off to an early start, according to realtor.com.
We are experience earlier than normal activity in the Chico area. The National Housing Trend Report for January 2014 was realized today. It stated that the number of for-sale listings increased 3.1 percent year over year in January to approximately 1.67 million, portending less-frenzied buying conditions in the coming months than those experienced by the market last year, the listing portal said.
Despite the year-over-year improvement, the number of for-sale listings reportedly dropped 3.3 percent on a monthly basis. The portal also reported that the average age of inventory stayed virtually flat compared to a year before.
“January’s start compared to year-ago levels is an encouraging sign of sellers’ interest, particularly given the adverse conditions brought on by the polar vortex,” said Errol Samuelson, president of realtor.com. “We saw the tight-supply market of last fall carry all the way into November — later than is typically expected — and this early rise in inventory is a welcome trend.”
Click here to read from the source realtor.com