gains in a dozen years. Having lived longer in their homes before deciding to sell, sellers in 2018 enjoyed an average realized gain of $61K (up from $50K in 2017 & $39,500 in 2016). Homeowners who sold in the last quarter of 2018 had remained in their properties an average of 8.3 years, longer than any other time in the past 19 years. The year 2018 is widely regarded as having benefitted from a confluence of “perfect storm” circumstances, including low interest rates, low inventory, high demand & sellers high equity buildup. It is hoped that this year will not be too far removed from those conditions and that sellers can take full advantage.
we do. Time to buy or time to sell? Considering making an investment in your future, or contemplating taking advantage of the investment you made years ago when purchasing your first home? When it’s time to make a real estate decision, it’s time to call 732-297-1100 ext 114, 3430 Rte 27 in Kendall Park, because a dedicated real estate agent can mean the difference between a house lingering on the market and one that sells quickly at a good price. As a RE/MAX Diamond REALTORS®, Sales Associate, I can provide you with the resources you need to make the home selling process simpler.
Distressed home sales (including bank-owned sales, thirdparty foreclosure auction sales & short sales) accounted for 12.4% of all U.S. single-family home & condo sales in 2018, down from 14.0% in 2017 & down from a high of 38.6% in 2011.
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