Mr Scott Moses, an associate of mine in Las Vegas, e,ailed me the information below just today, "New home sales rose 7.6% in May to a seasonally adjusted annual rate of 369,000 units, the highest level since April 2010. On a year-over-year basis, new home sales are up 19.8% compared with May 2011. At the current sales pace, there's a 4.7-month supply of new homes on the market, the lowest level since 2005.
...Pending home sales, a forward-looking indicator based on signed contracts, rose 5.9% in May after a 5.5% decrease in April. On a year-over-year basis, pending home sales are up 13.3% compared with May 2011."
This seems to be reflected in the local market around Quincy as well. Very few "houses in the country" are available to meet a very strong demand. Likewise, very few country acreages are available near Quincy at any price.
If you are looking for something in particular, just call. I regularly knock on doors and I will literally "ask around" as they say. Inventory down, demand strong, prices steady. That's how I see it. To buy or list,call me!
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