2016 Home Sales are Gaining Momentum

Some real estate headlines are causing concern for consumers who are in the process of buying or selling a home. Pundits are concerned over the lack of new construction or the month-over-month sales numbers. Let’s set the record straight; 2015 was a good year for residential real estate in the United States and 2016 is starting out stronger.

Take a look at the total homes sold (new construction and existing homes) in the first two months in 2016 compared to last year –

Will this momentum continue?

If we look at foot traffic (the number of purchasers currently out looking at homes), we can see that the spring buying market has started early and all indicators point to the fact that we may have the best spring in over a decade.

Real Estate Bottom Line

The 2016 housing market started out well and looks to be gaining momentum. If you are thinking of buying or selling a home, now may be a great time.  Let’s talk about your situation.