Updating statistics of the sales on the MLS makes us aware of what’s happening around the real estate market. I was just looking on it when I found out that January Home Sales stats showed a good start. Starting the New Year right, around 152 homes were sold a month ago. When compared to the same month of 2008, an increase of 19 more new homes were sold in the market. A year over year change in the home price went up 2.52 percent this year.
In comparison from previous year’s statistics, the original list price went up to $219950 from $219000 of January 2009 and the median sold price rocketed up as well to $200048.50 from $195000 on the same month of 2009.
Although, it didn’t outnumber the previous month’s home sales, considering economists’ predictions that there will be an increase in the number of home sales, many Realtors have been challenged by the outcome and following the trends in the real estate market.
