Main Line Real Estate Agency Sage Announces Good News for Home Sellers
July 25, 2017 – Wayne, PA – What is Happening in Main Line real estate? Now is a wonderful time to be a home-seller, according to the Main Line Realtors® at Sage Realty. The 2017 housing market is on an upswing, with the uncertainty of 2016 resolving into higher overall sale prices across the area.
Overall, the market has seen a 6.6% increase in home prices, year-over-year, compared to the same period in 2016. In Pennsylvania, prices rose 3.2 percent in a year-over-year comparison. The CoreLogic Home Price index is currently predicting a further 5.3% cumulative increase by May of 2018.
Millennials, who have previously been reluctant to invest in owning homes, may be preparing to enter the market. Heretofore, many Millennials have claimed an inability to afford purchasing a home. However, a recent study by TransUnion revealed that of those who applied for a mortgage in the first 3 months of 2017, 55% were non-homeowners and 29% of those were Millennials.
Pushing prices up is the high competition for houses on the market. Compared to the number of buyers looking to purchase Main Line homes for sale, the supply is low, causing frequent bidding for available homes.
For buyers looking to purchase Main Line real estate, the key is to have a good Realtor® who can move quickly when the right house comes on the market. Sellers are showing a preference for closing quickly, so buyers need to be pre-approved and ready to move ahead with the process.
About Sage Realty LLC
Sage Realty is a different kind of Realtor®, founded on providing truly ethical Main Line real estate services. Sage Realty’s experience with local Main Line realty allows them to help clients through every step of the buying or selling process. Sage offers services to buyers and sellers and guarantees no dual representation, so clients know that their individual interests are top priority.
For more information or press inquiries, contact 610.687.4000 or visit https://www.findahomeinpa.com/.
Tags: Main Line Real Estate