Despite being forced to wear snow shoes, parkas and ski masks – The beginning of 2014 has shown that home buyers aren’t afraid of a little inclement weather. In fact, according to a report by Realtor.com® list prices are up over the same time a year ago, while inventory has stayed the same. Overall it has been a good start to the year and the president of realtor.com®, Errol Samuelson says, “It’s an encouraging sign of seller’s interest, particularly given the adverse conditions brought on by the polar vortex”.
While the States in the US that were hardest hit by Snowmageddon 2014 have shown a month over month decline, they are expected to bounce back once the thaw sets in. All in all, the nation as a whole has experienced progress that is expected to continue through the year. For the full article and numbers: Realtor.com® Report: 2014 Home Buying Starts Strong