Pending house sales on the increase
- Author Justin Trapp
- Published July 2, 2011
- Word count 451
Local authorities in the state of Florida report an improvement in the number of homes up for sale compared to last year. A like on like comparison between March last year and this shows an increase of almost a fifth, which shows promising signs of growth. A month on month comparison has also shown a marked increase of over three percent which shows steady period of growth. The number of single families listing their homes over the last two months has also risen, but sharply so with an increase of again, almost a fifth, which is only slightly lower than the entire growth over the period of the whole year. The listing of condos in the area has increased too by sixteen percent over the last two months, but has in fact doubled over the whole year, which is a phenomenal improvement.
Essentially all signs point to growth across the entire market which is very encouraging to prospective sellers, as well as buyers. According to realtors, the rise in the number of homes listed for sale reflect potential demand and therefore an increase in the number of homes bought too, which is key in assessing whether the housing market is improving.
Pending contracts on condos set to increase
Recent activity shows that condos are outselling the homes of single families, which although has increased has not done so as much as condos. The number of condos due to sell have risen by a quarter compared to last year and by two percent compared to last month. The number of foreign investors has also had an extraordinary effect on the housing market, compared to other economic markets in the country, an effect which has been likened to that of the housing boom ten years ago. Potential buyers being outbid by other buyers is a key sign that the demand for houses is picking back up again.
As a rule, the number of houses sold across the country has risen over the last two months, although there have been some fluctuations as to the extent of the growth in each state. Nationally the growth has been around 2 percent over the last two months, but over 8 percent over the whole year, which shows strong and significant improvements.
Although these figures refer to pending sales, they will be converted to sales eventually and so are a key indicator as to how much the market is showing signs of improvement. The fact that growth can be seen across the entire country is also encouraging and so from the perspective of the buyer, the home owner looking to sell, and the mortgage lender, assurance can be given that the future is set to look a little rosier
Justin Trapp is a Licenced Property Broker who writes about topics concerning Property Investment and development in the USA, To find out more about him visit his website [http://www.florida-property-direct.com](http://www.florida-property-direct.com)
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- How Architects Are Shaping Sri Lanka’s Real Estate Boom
- Directing Las Vegas Homes for Sale: How Live Better in Las Vegas Guides Buyers to Success
- Understanding the Renters' Rights Bill: Key Changes and Timeline Explained
- Costs of buying property in Spain - IMS Mortgages
- Three Easy Steps to Sell Your San Antonio House Fast!
- Discover Your Dream 55+ New Construction Home Community in the Greater Tampa Bay, Florida
- Article on Mortgage Lenders and New Homes Mortgage Helpline
- The Advantages of Utilising Professional House Removals Services
- Manilva: A Rising Star in Off-Plan Property Investments
- Comparing Removals services-in-wandsworth: Your Ultimate Guide
- Port Orange -- The Perfect Twin Sister to Daytona Beach
- RE/MAX Ace Spearheads Innovative Housing Solutions in the GTA
- Should You Waive the Home Inspection Contingency? Weighing the Risks and Benefits
- Avenir: Embracing Lifestyle and Community in Palm Beach Gardens
- Serbian Real Estate: A Tidbit for Investors
- Discovering Life in Pattaya, Thailand: An In-Depth Handbook for Expatriates
- DEBUNKING HOME REPORT MYTHS
- Don't Let a Financial Hardship Force You to List Your House
- Safe Water Starts at Home
- Don’t let Missing Insulation Lead to High Energy Bills
- Property Investors Amidst Favorable Swedish Krona Rates
- How Real Estate Professionals in Houston Go Above and Beyond for Home Sellers
- Reasons to invest in real estate in Cyprus
- Top 10 criteria to select an Insurance Claim Appraiser
- Comprehensive Home Inspection Checklist for Buyer, Seller, and Homeowner
- DEBUNKING HOME REPORT MYTHS
- North Carolina Real Estate Market: Shifting Market Dynamics on the way?
- Selling Your House in Winter: Effective Tips and Strategies for Success
- Would you like to have a Free House?
- 5 Ways To Know You're Ready To Buy A Home