Monday Market Watch: June 12 2107 & The Funny YouTube Comment

The Funny YouTube Comment:

Burlington Real Estate Statistics For: June 5th to 11th 2017:

137 home got listed in Burlington but only 69 of them ended up selling.

34 listings got cancelled and 1 listing expired. It just didn’t sell. Period!

58 Price decreases. This number indicated 58 home owners couldn’t sell their home for what they were asking. As a result, a price reduction was in order.

On the other end of the spectrum, 8 home owners decided to increase their asking price. My guess is, they didn’t get the multiple offer they were hoping for. As a result they increased their asking price hoping to sell for a higher price than they originally listed at.

Average Sale Price:

As of June 12th, the average selling price in Burlington was $757,262. Don’t get too hung up on that number as it only represents 12 days of statistics. The average price in Burlington as January 2017 is around $813,000.

Activity:

The number of sales has also dropped. 432 homes sold in Burlington in the month of May As of June 12th only 119 homes sold.

Final Thoughts:

It’s obvious home buyers are waiting to see what’s going to happen to the market before they jump in with both feet.

Also, I’ve noticed home owners are starting to sell their homes first before buying. It’ snot a bad idea. If you’re thinking of buying and selling, consider selling first. At least you’ll know how much money you’ll end up with after the sale. Then you’ll know what your budget is when buying. Win-Win!

Any questions, shoot me off an email: info@burlingtonhomes.com

Have an awesome day,

-Sebastian

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