A Review of the Current Real Estate Market

If you receive my postal marketing, then you know I have been working with Buffini & Co. for several years to help increase my breadth of knowledge of the real estate market, as well as provide you with the most current information available to me on how things are looking.  Based on information provided by Buffini & Co., the following information details where the market is currently:

• Millenials are making up the majority of first-time buyers with most of the between the ages of 25 and 34
• 86% of Millenials are buying due to a change in family size
• There are fewer foreclosures on the market in most areas
• Housing inventory is up, at a 4.6 month supply at this pace
• New listings are up 12% this year from 2014 levels
• 67% of Americans say now is a good time to buy
• 40% of Americans say now is a good time to sell
• Experts are predicting 16% growth in home construction

This information is all very positive and shows an overall boost in home sales and purchases, with growth predicted for the future.  This information is not area-specific and different locations may vary in their numbers and predicted growth and sales.

If you're interested in discussing this further, particularly in the greater Main Line area, please do not hesitate to contact me.