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Sage Realty LLC, Main Line Realtors, Has Announced a Positive Outlook for the Spring 2016 Real Estate Market

Wayne, PA – April 2016 – Sage Realty LLC, Main Line realtors, have announced that the 2016 Spring season is likely to bring positive growth to the real estate market as oil prices continue to stay low and more prospective buyers enter the market.

Main Line RealtorsDespite lingering economic uncertainty, the real estate market this spring is predicted to be one of the best seasons in nearly a decade, following the increased demand for housing that began last year. According to Jonathan Smoke, Realtor.com’s Chief Economist, “Our traffic, searches, and listing views exhibited the January ‘pop’ we saw last year, which made for a strong spring. In addition, a large number of prospective buyers have been telling us since the second half of 2015 that they plan to purchase in the spring and summer of 2016.”

The first quarter of 2016 showed promising growth in both home prices and length of time they spend on the listing pages. Listing prices averaged an 8 percent increase, while homes selling by the 100th listing day increased by 4 percent. Even shorter times on the market is expected as Spring progresses.

According to Ralph McLaughlin, Trulia’s Chief Economist, oil prices are likely the cause of the positive projected growth for the spring 2016 housing market due to increased savings power. The additional savings from lower gas prices have, in theory, allowed more households to save for a down payment.

Diana Olick reported on CNBC that in early April, new home mortgage applications were up 24 % over the same time last year. She further noted that this is the highest level since 2010.

For more information about the projected Spring 2016 real estate market, and for expert real estate services, please contact Main Line realtors, Sage Realty LLC.

About Sage Realty LLC

Sage Realty LLC is a buyer-centric real estate firm founded by Linda Waters. With decades of experience, and holding certifications as specialists in luxury homes and buyer issues in real estate, Sage Realty LLC is a strong partner in the home buying process. Sage Realtors are dedicated to helping their clients find their dream homes in the Main Line, PA and surrounding areas.

For more information, please visit www.findahomeinpa.com or call 610-687-4000.

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Read more about what our clients have to say

Hear from our Clients

  • "We were so pleased that a co-worker recommended someone in the area that she trusted. Boy, did we strike gold on all counts. You are amazing!"
  • "Instead of trying to take advantage of conflicts of interest, she puts the client's interests first."
  • "Linda is a hardworking, proactive and knowledgeable realtor. Throughout the process of finding and buying our new home, she was always responsive and kept us up to date on every detail."
  • "Linda and the group at Sage are the right fit. You won’t find more knowledgeable, prepared and professional agents."
  • "Linda and Tracey really know the Main Line area."
  • "Throughout the entire process we never doubted that she always had our best interests in mind. We wouldn’t consider anyone else when buying a home on the Main Line."
  • "From start to finish, Linda brought to bear a most helpful combination of experience, knowledge, attention and integrity on a somewhat complicated transaction. There was never any doubt that she represented our interests."
  • "Her knowledge of the area helped us quickly narrow our search and ultimately scored us an amazing home in an incredible neighborhood."
  • "It is hard to trust when you are not sure of the rules of the game. Working with Linda made us feel like we were family. Linda took her time to relay and explain everything in detail."
  • "Linda’s honesty and real estate savviness made for a wonderful home buying experience!"

Read more about what our clients have to say

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