Home Mortgage News Housing activity to ramp up in spring

Housing activity to ramp up in spring

Published on 13 Aug, 2009

The coming spring is shaping out to be a bumper season for agents, sellers and buyers according to new pre listings statistics from rpdata.com.

The coming spring is shaping out to be a bumper season for agents, sellers and buyers according to new pre listings statistics from rpdata.com.

The new data known as Comparative Market Analysis (CMA) showed that nearly 34,000 pre listings have been prepared by agents in the past two weeks. The new August numbers showed a 5% increase from July and a huge 36% increase when compared to a year ago.

"The CMA activity is a good barometer for future market activity - on average a property is sold within two months after the first CMA report is conducted," said Rpdata.com executive general manager David Williams. "Our latest results suggest that vendors and real estate agents are preparing for a bumper spring selling season."

The CMA is one of rpdata.com's most popular reports undertaken by real estate agents when they are preparing to list a property for sale. The report provides examples of recent comparative home sales as well as demographic and market statistics."

Other recent numbers from rpdata.com also point to healthy market conditions. The national weighted average clearance rate is approaching 80% and property values have increased by 4.5% over the first half of 2009 according to the RP Data-Rismark Home Value Indices.Rpdata.com also reported that vendor discounting is becoming leaner and the time it takes to sell a property is becoming shorter.

Collections: Mortgage News

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