Home Sales Picking Up According To NAR

CHICAGO - April 23, 2015 - PRLog -- After a slow start of the year, Home Sales is said to be picking up pace at the onset of March of 2015. This is according to the National Association of Realtors. According to Lawrence Yun the chief economist for NAR, they have seen a spike and movement in home sales starting March of this year. Yun added that this may be attributed to the stabilizing job market and low interest rates that people are now again able to afford to buy a home.

It is because of this movement, that the demand that accumulated in the past years are now starting to be released. However, according to the recent reports there was an increase in the total housing inventory. It was noted that at the end of March alone there were about two million homes for sale or at an increase of two percent as compared to a year ago. There were about 4.6 months supply based on the current sales pace.

However, realtors look at this increase as a good sign, this is because more new homes and additional listings will be able to help in stabilizing the price in the market, thus, helping in also in building the trust and confidence especially of those who are considered to be first time buyers.

This was proven in the month of March alone where first time buyers market share rose to about thirty percent.

The movement for home buyers will continue to increase according to NAR because of the fact that in a  recent study done by the NAR, the prime quality home owners who are distressed are now re-eligible for any financing programs and even the Federal Housing Administration. This means that they will be able to purchase another property.

It is because of these that property sales is again hot in the market. Single family homes are the most common properties that are being bought, followed by co-op and condominium properties. For a seller this is a good market to get into, and in order for you to control your home pricing and have your property given maximum exposure in the market, availing a Flat Fee MLS Listing service might be the way to go for you. For more information about Flat Fee MLS Listing in Chicago visit http://www.flatfeechicagomls.com