Across the country, pending home sales increased in April to their highest level since October of last year. Now, while this is still roughly 13% below where it was last year, it is an indication that real estate markets are beginning to become active again.
According to National Association of Realtors’ Chief Economist Lawrence Yun, this increase in pending sales is a combination of decreasing price points and bargain hunters entering the marketings.
“Bargain hunters have entered the market en masse,†he said. “Sharp price reductions are leading to a quicker discovery of price equilibrium points.â€
Fortunately for those of us here in the South, and more specifically Rock Hill, Fort Mill, Tega Cay, and the Charlotte, NC markets, real estate markets remain strong. Thanks to the continued population growth of this area, real estate continues to be solid and even though it’s a buyer’s market, home owners shouldn’t be too concerned about putting their home on the market.
You can read the entire AP article right HERE.
