David Fisher Law
  • Home
  • About
    • Mission Statement
    • Resume
  • Practice Areas
    • Real Estate
    • Business
  • Testimonials
  • Contact Us
  • News
    • Articles
    • Blog
  • Above Listing Price Sales Increase

    7/14/2018

    0 Comments

     
    Picture
    Buyers paid more than the asking price in nearly one quarter (24 percent) of U.S. home sales in 2017, netting sellers an additional $7,000 each. Five years ago, 17.8 percent of final sale prices were higher than the asking price, according to a new Zillow® analysis.

    Over the past year the American housing market has been struck by the combination of strong demand and limited supply. Young adult renters are increasingly feeling confident enough to buy, but they are entering a market with very few homes for sale, as inventory has been steadily declining for almost three years. Low interest rates have buoyed buyers' budgets, raising the limits on what they can afford - and may be willing - to pay.

    Homes sell quickly in such a competitive market, with the typical U.S. home selling in 80 days, including the time it takes to close on the sale. In San Jose, San Francisco and Seattle, the average home sells in less than 50 days. Fierce competition means buyers may not win a home on their first offer.

    0 Comments



    Leave a Reply.

      Author

      DAVID S. FISHER, ESQ.

      topics

      All
      BUSINESS
      REAL ESTATE

      RSS Feed

    Website by GC Designs and printing
    EMAIL​
    ​david@FisherLawCorp.com
    ADDRESS
    ​
    5850 Canoga Avenue, Suite 400 
    Woodland Hills, California 91367
    PHONE/FAX
    (P) 
    818-888-5500  (F) 818-337-1961
    © 2018 All rights reserved by Fisher Law Corporation.
     Privacy Policy 
    • Home
    • About
      • Mission Statement
      • Resume
    • Practice Areas
      • Real Estate
      • Business
    • Testimonials
    • Contact Us
    • News
      • Articles
      • Blog