Market Report April 2016
May 23, 2016 | By Michelle Gordon |
GRAR's Market Report
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Loan Application Checklist General Picture ID with Social Security Number If Renting, name, phone number and complete addresses of all landlords (past 2 years). Income Employment history, including names, addresses, phone numbers (past 2 years) Copies of
Top 6 Home Defects 1. Foundation: Drainage Gutter downspouts should lead away from the foundation at least 6 feet, 10 feet is better. Covering the foundation can lead to water infiltration, insect intrusion, rot, mold and structural failure. Copyright 200
Average Sale Price Has Increased to $190,586!!!! Home sellers just got a Raise! The number of new listings for the month of September was down slightly - les
Per GRAR - There are no surprises in this month's housing inventory report. Pending sales are up by nearly 4%, the average sale price is up, and listings are down, all of which contributes to the continuing lack of adequate housing inventory to meet buyer demand. The average home sale price based on closed sales for the first quarter of 2016 is $178,667, a 10% increase over the same period last year. For the buyer who is flexible, creative and willing to find alternative housing options if their existing home sells before they find a new one, they will be in the best position to purchase!