The spring rush is in full bloom with the market looking very much like last spring, only slightly less hectic. All indicators in May show a strong market as prices are up (7%), new contracts written are up (15%), the number of homes for sale is up slightly (2%) and new listings entering the market are up (4%). As sellers are noticing the strength of the market, they are responding by listing their homes.
The current market has improved so much since the bottom of the market. So, how it that the majority of the homes appraise while once in a while, we see a home appraisal come in low.
