“April production came on strong outpacing that of all preceding months YTD much the same as it did in April of last year which the market continues to closely track,” according to the data and analysis provided in the latest Market View report issued this week.
To understand the latest residential real estate trends in our market, professionals all across our industry look to the indispensable data and analysis featured in this guide released by Market Trends LLC each month. Researched, compiled, analyzed, and published by Joe Carpenter, one of our own brokers here at Fleisher Real Estate, the report features data on the number of real estate transactions and other key variables, measuring the total market opportunity and their respective market share.
The April report also includes insights from Joe about our market’s outlook:
By all indications, organic population growth coupled with metro area transplants and out of state buyers will continue to place increasing demand on local housing and further drive up prices. Renters who are prospective and qualified buyers waiting for relief in the areas of price and affordability might well be better served by acting sooner than later as pressure on rental rates are influenced by precisely the same factors. This brings to mind the old adage: “Don’t wait to buy real estate; buy real estate and wait,” if you can afford to — that is.
Real estate companies, brokers, mortgage companies, banks, appraisers, developers and other professionals rely on this report because, according to Market Trends, these trend indicators can display shifts in market direction well in advance of when they show up in prices and negotiating terms.
But what does that mean for you? While this is a report designed for industry professionals, it provides key insights that may provide individual buyers and sellers with an advantage as they approach their own transactions. We believe that knowledge is power, and like the report’s visionary Joe Carpenter, our entire team of experts believes in sharing our knowledge with our clients and the communities we serve. With this empowerment, we help set the stage for more successful transactions and more satisfied buyers and sellers.
To view the complete April 2016 Market View report, including commentary by Joe Carpenter and his proprietary charts, follow this link.
If you are wondering how these trends may impact your own plans to buy or sell, contact Fleisher Real Estate today to begin the conversation.