Posted by Nicole Brand 1 year ago.
Stats from the Cambridge Association of REALTORS illustrate total sales in 2016 so far have reached 1,304 units, up 1.1 per cent from this time last year. It marks the second best start to a year since 2002.
May 2015 set an all-time monthly sales record, and in comparison to that, this May has been down a little. However, May 2016 still hit the second largest number of monthly transactions in history. Even though there is a shortage in supply, the market is still hot!
May 2016 had an average selling price of $377,779, which was up 12.6 percent from May 2015. The total value of all sales in May 2016 was $129.4 million, up 5.8 percent compared to the reported May 2015 numbers.
Supply still remains a concern, there were 500 active listings at the end of May 2016,. This number may seem like a lot, however, it is down 43.2 percent from May 2015.
This is the perfect time to sell, as there is a high demand and because of this you can get top dollar for your property. If youre thinking of selling give me a call to get a free assessment!
Tags: real estate,remax,housing,hot,house,market,trends