Spring Market Update

The spring market is well underway. NOW is the time to get your house on the market if you’ve been thinking about selling your home.

After a quiet spring market in 2006, the 2007 market is showing improvement in terms of both the number of properties sold and pending sales. Between January 1st and April 30th in Sudbury 87 single family properties went under agreement (UAG) and 59 homes sold*. During the same period in 2006, only 59 single family properties went under agreement and 37 sold. This is a 43% increase in UAGs and a 59% increase in the number of properties sold! Most certainly the signs of an improving market.

Inventory levels are also down since one year ago. Today approximately 135 single family homes are on the market, down 16% from 160 on May 1, 2006. This means less competition for sellers and, coupled with the increase in sales, a more positive future market outlook.

*Data Source: MLS Property Information Network, Inc.