The March Housing Report for Hardin County has been published by the Beaumont Board of Realtors. If you are selling a home in Lumberton this spring or summer, here's four things to keep an eye on.
- Days on the market is increasing. 63 days isn't a long time but it is more than this time last year.
- The number of closed sales was down from the same time a year ago.
- The number of homes for sale has doubled.
- Only 7.8% of the sales were above $399,999
What does this all mean for a homeowner? It means the market is returning to normal. Interest rates have cooled the frenzied demand that we had last year.
The good news is homes are still selling. If you have owned your home for a few years, you probably have a lot of equity built up. It is more important in a changing market to work with an experienced agent that you can trust.
If you are thinking about selling your home let's chat.
Sincerely,
Diane


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