Those homeowners that dared put their home on the market over the last five years might have questioned their sanity, based on the drop in home prices plus the length of time it took to get the job accomplished. The housing sector has had a huge effect on the sluggish economy, along with the high unemployment rate. That combination has been a difficult hurdle for the well-being and recovery from the recession our country has experienced over the last few years. There are signs of hope on the horizon. The national unemployment rate took a drastic turn for the better and home prices have been fairly stable. There is certainly light at the end of the tunnel.
The California Association of Realtors is predicting slightly over two percent sales increase statewide. As is often the case in real estate, location is the key factor. Davis, California will benefit from increasing employment in the Sacramento region and growth in local jobs at UC Davis. The region’s projected employment growth provides more prospective buyers who can afford the higher priced Davis homes. The optimistic expectations are about a six percent increase in home sales for 2012 compared to the 2011 numbers.
The good economical news has parlayed into a robust start in Davis housing since the beginning of the new year. Sellers have taken advantage of the surplus of buyers infiltrating the market, just as buyers have benefited from the historically low-interest rates. The biggest complaint coming from buyers right now are the low inventory of sellable homes on the market. Many buyers are no longer sitting on the fence waiting for prices to drop, but have held back due to the low number of houses for sale. The well-priced homes have sold quickly and a few with multiple proposals.
Well maintained, ready to move into homes, priced fairly will garner a premium price today. Supply and demand is certainly in favor of the seller through the first two months of 2012. It’s common for most homeowners to wait until Spring or Summer to start the marketing process. For those owners that have no time restraints, breaking the normal cycle and listing your home now could be a financial profit. Home buyers are anxiously standing-by for that properly priced home to hit the market. Please visit my website www.JohnnyBrooksHomes.com for helpful tips on buying or selling a home, scan my informative blogs and easy access to view local area homes for sale in Davis, California and the surrounding communities.