San Diego Real Estate Market Update 4/23/15
SAN DIEGO REAL ESTATE REBECCA AUSTIN

San Diego Real Estate Market Update 4/23/15

 

Yesterday, the National Association of Realtors (NAR) released their Existing Home Sales Report. The numbers shocked many analysts as they revealed a 10.4% increase over the same month last year.

 

Radio Show: The Word on Wealth, KPRZ, with Real Estate Expert Rebecca Austin & Financial Planner Marty Schneider

Show Date: 4/23/15

 

This is the highest number of sales since September 2013. Sales have increased year-over-year for six consecutive months and the 10.4% increase is the highest annual increase since August 2013. March’s sales increase was the largest monthly increase since December 2010.

Lawrence Yun, NAR’s chief economist, explained:

“After a quiet start to the year, sales activity picked up greatly throughout the country in March. The combination of low interest rates and the ongoing stability in the job market is improving buyer confidence and finally releasing some of the sizable pent-up demand that accumulated in recent years.”

Here is a graph showing home sales so far this year:

National Home Sales

 

An increase in sales occurred in every region of the country even the Northeast that experienced one of their roughest winters in years:

existing home sales by region

Bottom Line

Houses are flying off the shelves. This may be the perfect time to sell yours.

Click the link below to listen to the latest San Diego Real Estate Market Update as I discuss the substantial impact Zillow is having on the San Diego market and why you may not be seeing all of the homes that are available on the market if you only are looking to consumer sites like Zillow and Trulia.


 

Radio Show: The Word on Wealth, KPRZ, with Real Estate Expert Rebecca Austin & Financial Planner Marty Schneider

Show Date: 4/23/15