Home Sales Will Remain Hot This Summer

Written by Posted On Wednesday, 22 July 2015 09:35


Home Sales Will Remain Hot This Summer | Keeping Current Matters

People always talk about the “spring buying season” when they talk real estate. However, this year it appears as though the summer real estate market will be just as hot.

The most recent Foot Traffic Report released by the National Association of Realtors (NAR) revealed that there are more buyers out looking at homes right now than at any other time in the last two years including the past two springs (in orange below).

Foot Traffic | Keeping Current Matters

The Foot Traffic Report is compiled from data on the number of properties shown by Realtors. NAR further explains:

“Foot traffic has a strong correlation with future contracts and home sales, so it can be viewed as a peek ahead at sales trends two to three months into the future."

We can see that the number of prospective purchasers out looking at homes has been greater each month this year compared to the same month in 2014. And, though foot traffic fell off last June as compared to May, this year it has increased nicely.

Foot Traffic Comparison | Keeping Current Matters

Bottom Line

The housing market will remain strong throughout the summer and into the fall, making for one of the best years in real estate over the last decade.

Rate this item
(0 votes)
Sirous M Jafari

I have lived in Washington DC Metro Area for 30 years.I have many resources to assist you in your home search.I will assist you in the selection process by providing objective information about each property.With all my years of experience I have become an expert negotiator.I can advise you as to which investigations and inspections are recommended or required for your home purchase.I provide due diligence during the evaluation of the property.I can help you understand the different financing options and identify qualified lenders.I can guide you through the closing process and make sure everything flows together smoothly.When selling your home, As your REALTOR, I can give you up-to-date information on what is happening in the marketplace and the price, financing, terms and condition of competing properties.I market your property to other real estate agents and the public.I will know when, where and how to advertise your property. I will generally prescreen and accompany qualified prospects through your property.I can help you objectively evaluate every buyer’s proposal without compromising your marketing position..I can help close the sale of your home.


Agent Resource

Limited time offer - 50% off - click here

Realty Times

From buying and selling advice for consumers to money-making tips for Agents, our content, updated daily, has made Realty Times® a must-read, and see, for anyone involved in Real Estate.