Although the severe weather patterns experienced at the start of this year directly impacted housing activity, the forecast for the rest of 2014 and into 2015 suggests an uptrend, based on healthy underlying housing demand.
Home sales warmed up as the weather did earlier this year, prompting Lawrence Yun, National Association of REALTORS Chief Economist, to comment in late spring that, “Some growth was inevitable after sub-par housing activity in the first quarter, but improved inventory is expanding choices and sales should generally trend upward from this point.”
Yun added, “We’ll continue to see a balancing act between housing inventory and price growth, which remains stronger than normal simply because there have not been enough sellers in many areas.”
What are market conditions like in your area — is it a buyer’s market or a seller’s market? Housing activity can vary substantially between states and from region to region within those states. When considering a move, start with all the facts in hand. Remember that you are welcome to call anytime to get an update on local home inventory levels and the most recent buying and selling activity in your particular area.
Call me today at 609-462-3737 and let’s find out what’s going on in your neighborhood, whether you’re buying, selling or “just looking”! And remember, up to the minute West Windsor market information is always available at West-Windsor-Homes-NJ.com or Facebook.com/West.Windsor.Homes.NJ.
