The Littleton Real Estate Market Report for October shows great signs of continued improvement. The real estate data for the month is up significantly in the average sold price with just under 15% gain from last year!
Taking a look at the year to date figures, we can see that the homes under contract and sold are both up over 30% while the days on market have slid down just about 30% as well. Wonderful news for the sellers in the Littleton real estate market. Buyers will need to compete for the few listings available in today’s market. Inventory levels are down and active listings in Littleton are down just about 42% from the same time last year.
The good news for buyers is the continued low interest rates. With mortgage rates this low, it makes it easier to qualify and of course, your money can go a lot further each month with less to pay towards interest.
Overall, Littleton is in a seller’s real estate market. With low inventory and rising values, I think we have seen the bottom of the market come and go already. Get ready for a great 2013.
If you would like help selling or purchasing a home or investment in Littleton, please get in touch. I would love to talk.