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Health & Fitness

The Spring Real Estate Market is Heating UP

The spring market is finally in sight as we round the corner from a holiday week. In Rye, we see pent up demand due to continued low inventory. March of 2014 saw a 30.4% decrease in inventory when compared to 2013.  The convergence of increasing demand combined with lack of move in ready homes is resulting in a more competitive environment for those bidding.  This is especially true in Rye of the under 2MM niche. Once again, we are seeing an increase in multiple bids on certain properties and in some cases homes have gone into contract in a matter of days. As of today 44 homes are in contract in Rye with Houlihan Lawrence again leading the way in market share.

 So what does this mean for you? If you are a buyer, as seen in a previous post be ready. Have an experienced agent at your side who can alert you and show you new listings the day they come on the market.  Teaming with the right agent does increase your chances of enjoying a quick, educated and hopefully successful outcome. 

 If you are contemplating selling your home, now is the time.  I am happy to meet with you to do an analysis of what your home could sell for in this present environment. There are many keys to marketing and selling your home for top dollar. I will go into these factors in a future blog post but the most important item is to team with an experienced realtor from a market leading company. I think I know just the person! 

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