Karen Daniel Real Estate Idaho Residential, New Construction, & Short Sales and Foresclosure Certified Specialist

Karen Daniel
Associate Broker,
CDPE, SFR
Direct:  (208) 412-0509
eFax:  (208) 319-8680

 

 


 

 


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        Bank Owned Properties in Nampa Idaho, Bank Owned Properties in Boise Idaho, Foreclosures in Boise Idaho, Foreclosures in Nampa Idaho, Short Sales in Boise Idaho, Short Sales in Nampa Idaho

 

                                                      

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Spring Home Buying Season Reaches Seasonal and Historic Peak


Treasure Valley Homeowners:

It’s time to sell! Inventory is low and demand is high! - Call me today to get a FREE Market Analysis.  The time is NOW to get the highest dollar on YOUR home.

 

May Data Shows Fastest Pace of Sales despite Highest Prices on Record

 

This May, the nation’s inventory of active home listings continued to decline, albeit at a slower pace, according to new data from realtor.com®. Inventory showed a smaller than expected decline and decreased by 6 percent year over year but continued to sell at a rapid pace, moving 8 percent more quickly than in May 2017. Listing prices continued to reach new highs, and ended up showing an increase of 8 percent year over year.

The median age of properties on realtor.com in May reached 55 days, 5 days less than last May and 4 days less than April. Homes continued to sell rapidly, despite continued increases in listing prices.

The median listing price reached $297,000, its highest point since realtor.com®’s inventory data series commenced in early 2012. Listing prices showed an increase of 8 percent over last May.

This May, the market showed a slightly larger than usual seasonal increase in inventory, and grew 6 percent over April, more than the 4 percent average increase in previous Mays since 2012. Additionally, although inventory was down 6 percent over last May, this rate of decrease is slower than the 9 percent average decrease in the previous 12 months.

Approximately 557,000 new listings hit the market in May, 8 percent higher than the previous month and 2 percent higher than May of last year, providing some relief to tight inventory conditions.

 

 



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 "Defining A Short Sale"

Short Sale, also called "Short Pay", is a process by which a lender agrees to receive a lower amount of an owed debt in exchange for the sale of the property to a third party, usually at no cost to the borrower.
Most of short sale services are TOTALLY FREE OF CHARGE. As the most experienced short sale specialists I can help you prevent the downgrading of your credit scores while providing you A FRESH START.
Loosely defined, a short sale is a situation where the homeowner owes more on the property than it is worth and is in the process of selling the home.  The short sale scenario is that the homeowner has contacted their bank and the bank has agreed to allow the sale for less than they are owed.

         

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