Spring Fever Alert: Hot Housing Market Offers More Choices, but Wallets Beware!

More Homes for Sale, But It's Not a Bargain!                                                                                                                                                                                                                                                                                                                                                                                                                 June 01, 2024 | [Read Online]( In partnership with Hey there, Spring Fans! Get ready for some big news about the housing market! There's good news for those of you looking to buy a house. Guess what? More houses are available now! BLOOMING Spring Housing Market Heats Up with More Choices for Buyers, but Prices Remain High [3-minute read]( In February, the number of homes sold increased by almost 10%. That's the most significant increase we've seen in a whole year. So, what does this mean for you? There are more houses, which is excellent because you won't have to compete as much with other buyers. Isn't that a relief? But that's not all! Information from the National Association of Realtors shows a 6% increase in the number of houses available compared to January. And there's an even more significant 10% jump than last year Also, houses stay on the market longer, giving you a lovely 38 days to decide which one you want. There are so many choices and so much time to decide! But wait, there's a catch! Home prices are going up. In February, the typical cost for a home reached $384,500, which is almost 6% higher than last year. So, be careful with your money! Buying a home is getting more expensive. Now, let's discuss some good news for people selling their homes. More buyers are paying with cash than in the past ten years! About 33% of all home sales in February were done with money. This increase is due to investors and people looking for second homes buying more houses. Because more cash is available, sellers are selling their homes quickly. This is especially true in places with a lot of competition between buyers. So, if you're considering selling your home, now might be a great time to do it! In the Northeast, sales mainly stayed the same compared to January. But don't be fooled by that! The average price here is still very high at $420,600. That's a significant 11.5% jump from last February. They are now heading over to the Midwest. Sales increased by over 8% from January, which is excellent news! But compared to last year, they're down by almost 4%. Still, the average price is a cool $277,600, showing a nice 7% increase from last year. Heading down South, we're seeing a nice bump of nearly 10% in sales from January. But compared to last year, there's a tiny drop of 3%. What is the typical price? Well, it's at a decent $354,200, up 4% from last year. Now, out West, things are heating up! Sales shot up a whopping 16% compared to January. But hold onto your hats because there's a tiny 1% drop from last year, too. And when it comes to the median price, get ready. It's a staggering $593,000, up more than 9% from February 2023. The spring housing market is super busy right now, with lots going on for buyers and sellers. More houses on the market mean prices are going up, so take your time to make a wise decision. [Click Here](for helpful tips and insights to make the most of this sales season! This cannabis startup pioneered “rapid onset” gummies Most people prefer to smoke cannabis but that isn’t an option if you’re at work or in public. That’s why we were so excited when we found out about Mood’s new Rapid Onset THC Gummies. They can take effect in as little as 5 minutes without the need for a lighter, lingering smells or any coughing. Nobody will ever know you’re enjoying some THC. We recommend you try them out because they offer a 100% money-back guarantee. And for a limited time, you can receive 20% off with code FIRST20. [Shop Now.]( That's it for now, everyone! Stay ready to find those great real estate deals and keep focused on your goals. Until next time, make smart choices. Best regards, The Real Estate Investing News P.S. And remember, in this neighborhood, every detail matters. Whether you want to settle down or make a good investment, we're here to help you get the best deal. So, keep working on your dreams – they're about to come true! Must-Watch [[Turning Offices into Desirable Homes Real Estate's Next Big Move](🎬]( [Retail Leasing Strategy - How to Unlock Growth with Use and Exclusives🎬]( Ready to turn your real estate dreams into reality? [Sign Up]( for our newsletter for more insider tips and expert advice on funding your investment journey! 🏠[tw]( [yt]( Update your email preferences or unsubscribe [here]( © 2024 REAL ESTATE INVESTING NEWS 228 Park Ave S, #29976, New York, New York 10003, United States [[beehiiv logo]Powered by beehiiv](