What Are the Latest Nevada County Real Estate Statistics?

 There are many great Grass Valley area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (530) 273-0073 for a FREE home buying or selling consultation to answer any of your real estate questions.

Spring is nearly here, and today we want to bring you up to date on what's been happening lately in our local real estate market.

Right now, we are seeing a very interesting trend. There are currently 400 homes on the market, which isn't a very high number. However, there are currently 190 homes in escrow, which is the most we have had in any month in the last year.

In 2014, if you looked at the market at any given time, about 20% of the homes for sale were in escrow. So far in 2015, 30% of all homes for sale are in escrow, which is a significant trend in the right direction for our market.

If you're thinking of selling, it might be smart to get your home on the market sooner rather than later. There is high demand in the marketplace right now due to low interest rates, and buyers are gobbling up homes. If you wait until May or June, you are going to have another few hundred homes to compete against, so it could be an excellent time for you to sell.

Interest rates are still below 4%, but we don't know how long it's going to last. If you have been thinking about buying, locking in a rate now could save you thousands of dollars down the road.

If you have any questions at all, don't hesitate to give us a call or send us an email. We look forward to hearing from you soon!