You may see over the next few months that the housing market is increasing drastically as compared to year over year from last year around this time. Last year data covering March, April, May and June we saw significant flatlining in the housing market because of that dirty little C word. I have a feeling […]
Will inventory go up soon is the big question in today’s market. Will we experience another housing bubble like 2008? We know it feels like the wild, wild west out there when trying to buy a home. Ivy Zelman from the Z Report says, “This month our broker contacts report a continuation of robust demand […]
Are housing prices going to keep going up? What are experts saying about the forecast? Forecasts from Fannie Mae, Freddie Mac and the Mortgage Bankers Association and other experts all project an average of 6.8% appreciation this year and expect that to continue on through 2022. Forecasters are also projecting that we are going to […]
Real Estate is going bonzo, so what’s happening locally here in the Real Estate market. Should you buy, should you sell, should you wait, should I stay, or should I go Now? Definitely not a singer. Well, let’s look at what the data is telling us. Hi my name is Eren Millam with Premiere Property […]
Transitioning to Phase 3 of economic re-opening, market trends remain the same. Although Lewis County has fully transitioned to phase 3, the governor has issued a statewide mask requirement. For realtors, the mask requirement hasn’t changed much, but the amount of people we can allow in a showing no longer has a limit as long […]
The month of May marked the limited opening of businesses and loosening of the restrictions of the Coronavirus lockdown. However, the limitations placed on real estate from late March through April were in place for most of May. Just recently, showings were increased from 2 people at a time (real estate broker +1) to 3 […]
Here is the latest chart accurate as of 05.08.2020. We are averaging 5 new listings per day and 9 go pending each day. The number of cancellations have dropped from one per day to one per week. To give you an idea of context, here is last week’s chart: Week to week, pendings are down […]
Last week, we showed a graph of new listings, pendings, and cancelled listings in Lewis County over a period of one week, 3 days, 24 hours, and a daily average. To give some context to these numbers, I thought it would make sense to do it again. This graph is from last week. This graph […]
Typically, the fourth Thursday of the month is about upcoming events, but that doesn’t seem to be a possibility at this time. Instead, here is an up to the minute market snapshot. I’ve had many people mention to me that the real estate market is crumbling. After looking at these stats, what do you think? […]
Market still going up, but appears to be leveling. Last month, the average sales price for residential property in Lewis County hit $278,138. At the end of February, that number has once again climbed to $279,996 for an increase of $1,858. In the last market update, I showed that while the average sales price climbed […]