January 2018

Found 2 blog entries for January 2018.

 Sales: Pending sales increased 15.8 percent, landing at 4,852 to close out the year. Closed sales were up 10.2 percent to finish 2017 at 4,684. 

 Listings: Year-over-year, the number of homes available for sale was lower by 6.9 percent. There were 2,049 active listings at the end of 2017. New listings increased by 3.6 percent to finish the year at 6,369. Home supply was once again lower than desired in 2017. 

 Distressed Properties: The foreclosure market has dwindled from its peak several years ago. In 2017, the percentage of closed sales that were either foreclosure or short sale decreased by 25.4 percent to end the year at 2.8 percent of the market.

 Prices: Home prices were up compared to last year. The overall median sales price

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Avoid making any change until you have run the numbers and have a clear understanding of the costs. 

Key Takeaways: 

If you are thinking about changing brokerages, compare your total expenses at your current brokerage and what your projected expenses will be at your new brokerage, including the tools and services that both brokers pay (or don’t pay) on your behalf.

If you’re working at a full-service brokerage where you are on a 60-40 split, you may be tempted to jump ship to one of the 95-5 or 100-percent brokerage firms. Before you make that decision, take a hard look at the numbers — you may be making more exactly where you are.

So-called 95- or 100-percent brokerages are mushrooming up everywhere. Although their main selling point is their

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