Last year (2013), we had one the best years in the recent history of our real estate market.
In 2013, there were significantly more homes for sale than in previous years, as well as many more buyers pushing home prices up to the highest levels since the 2006 bubble.
The market followed the chilly weather
But it seems like the unseasonably cold weather of the 2013-2014 winter chilled the momentum slightly. By December 2013, we saw the first time in the entire year where the “Pendings” (i.e. homes under contract) weren’t higher than the previous year in a month-to-month comparison. Continue Reading…