1st Quarter 2013 Market Report
In 2012, the market turned with a vengeance and grew very hot very
quickly. Now in 2013 it has grown even hotter. Recent deal-making
stories almost make the seemingly crazy, multiple-offer tales of last
year appear sedate.
The supply of listings is drastically low against buyer demand,
and the pace of price appreciation looks to be accelerating. Some
city neighborhoods appear to be surpassing the previous peak values
reached in 2007-2008. As seen below, the first quarter’s numbers
reveal big increases in home values year over year. And the month of
March alone saw a particularly big jump of almost 9% above February’s
median price. Continue
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