Is Home Price Appreciation Accelerating Again?
May 10, 2021
Arrowhead Woods prices are climbing as is the entire nation. Arrowhead Woods first quarter median price was $580,000, not an exciting rise, though steadily upward from 2020. We could attribute the more modest increase to typical winter / snow weather for our mile high private lake. April 2021 however, with the smallest home inventory ever, 72 homes, shot up to 47 sales in 35 days with the price roaring up to a median of $720,000…a 24% rise. Can this really continue? The window for committed sellers has no precedent here in the mountains.
RECENT POSTS:
At some point, you’ve probably heard the saying: “Yesterday was the best time to buy a home, but the next best time is today.”
Unfortunately, a lot of sellers today are setting their asking price too high. That’s leading to an uptick in price cuts.
When you put your house on the market, you want to sell it quickly and for the best price possible; that's generally the goal. But too many sellers are shooting too high right now.
Spring is in full swing, and the housing market is picking up along with it. And if you’ve been wondering whether now is the right time to buy or sell, here’s the inside scoop on why this spring may be a great time to make your move.
Whether you’re buying or selling a house, here’s something to think about that most people don’t.
So, is the market finally balancing out? And does that mean buyers will have it a bit easier now? Here’s what you need to know
