More Home Sales in 2012According to the National Association of Realtors, 4.3% more homes have sold in January compared to the month before. The numbers for January are actually in the highest level they’ve been for the last year and a half. If this rate continues, the local San Antonio movers learned that 4.57 million homes would sell in 2012. Right now, the average purchase price for a home is at around $154,000 which is 2% less than it was a year ago.
Experts are saying this trend makes sense considering there are record-low mortgage interest rates, great bargains and more jobs. Even home inventory is dropping with now about 2.31 million existing homes on the market. Real estate experts say this number represents a balanced market. Foreclosure homes are also selling at a steady pace with both people wanting to move in and people wanting to invest.
The real estate statistics are showing that 35% of January home sales were distressed properties of which 22% were foreclosures and 13% short sales. That’s an increase from December’s 32%. First time homebuyers, the local San Antonio movers found out, counted for 33% of the home sales, while investors represented 23% of the sales. There were plenty of all-cash deals equating to 31% of the real estate pie.
Even with these great numbers, real estate experts are still not saying that the situation has recovered. There’s more ways to go, but it’s getting better for many and most importantly it’s getting better in a steady way.
If you’re part of those hiking up the home sales in the nation and are moving in the San Antonio area, call the local San Antonio movers for professional moving services at an affordable price. The All My Sons of San Antonio are backed by four generations of movers, with the All My Sons moving company reputation supporting moving teams across the United States. The local San Antonio moving specialists will quilt pad wrap your furniture and help you with assembling your household items so you won’t have to do any heavy lifting. With the San Antonio movers, you can rest assured that you won’t deal with any damaged personal belongings or any moving scams. Plus, if you need extra moving boxes or moving kits, All My Sons of San Antonio can provide the extra packing materials. Even if you wanted to hire the professional movers to take care of all the packing, that is also possible with the reputable San Antonio moving team. Just let us know!