While many like to look primarily at the negative of home sales slowing in September, the real news is in the other numbers. The positive numbers.
Knoxville, TN (PRWEB) October 26, 2013
865 Real Estate, a leading Knoxville real estate website founded by Troy Stavros of Gables & Gates, REALTORS has posted a new article titled, "Signs That The National Housing Market Is Performing Well."
Troy Stavros,broker and founder of 865 Real Estate, stated, "While many like to look primarily at the negative of home sales slowing in September, the real news is in the other numbers. The positive numbers. These are the numbers that have more impact on Knoxville real estate."
Even with the rising interest rates of late (although the good news at the time of this writing is that this week rates have actually decreased to a four month low), the national housing market seems to be performing rather well. According to the HousingPulse Tracking Survey by Campbell Surveys and Inside Mortgage Finance, although homes sales were down somewhat in September, other factors were very positive.
Here are 3 positive signs for the housing market found in the report:
#1 Time on market fell to a four-year low last month. Based on September data, homes spent an average of 8.6 weeks on the market. A big reason for the importance of this number is that time on market is actually down from the spring home buying season, when the time on market was about 10 weeks.
#2 Homes are selling for a high percentage of their list price. The sales-to-list-price ratio in September was 97.5%, up from 96.1% in September 2012.
#3 Sales of distressed properties, home purchases involving foreclosures and short sales, decreased to 24.6% over the three-month period ending in September, marking a four-year low.
For detailed information on the status of particular neighborhoods in Knoxville or to get an estimated value on a Knoxville home contact 865 Real Estate for a no strings attached home evaluation.
About 865 Real Estate at Gables & Gates, Realtors
The 865 Real Estate team is committed to bringing the best possible experience to fruition for buyers and sellers of Knoxville real estate. At the 865 Real Estate team we don’t believe average is good enough for our clients. At the forefront of the 865 Real Estate team is experience. The 865 team was created to serve our clients even better with specialization and expertise. We pride ourselves on being ahead of the curve on technology and how it can serve our clients. When you are a client of the 865 Real Estate team, you can expect to have our entire network of partners working to fulfill your individual real estate goal. As a member of Leading Real Estate Companies of the World the 865 Real Estate team at Gables & Gates, REALTORS can not only serve you here in Knoxville, but we can assist you with finding the most qualified real estate professional to suit your needs, anywhere in the world!