Monthly Archives: February 2013

Market update Feb 1 – 15, 2013

Over the past two days, 20% of the sales have been for list price or higher. 31% of the homes listed in the past 30 days already are sold or conditionally sold. Concern: First-time buyers are down 8% compared to last year. Are they being priced out?

Inventory vs sales and priceA tear-down bungalow in Capitol Hill was listed two days ago for $524,900. It sold in one day for $540,000. Builders seem to have confidence in this market.

Also two days ago, a home in Elbow Park sold for list price, $1.6 million, after two days on the market.