May 17th, 2016
The Greater Mason City Board of REALTORS® & Mason City Multiple Listing Service reports the spring housing market is on the upward swing in Mason City and surrounding communities according to their latest sales statistics. April single family residential sales were up 58.3% from April sales reported last year at this time. They have also seen a significant drop in days on market. Homes are selling in half as many days as April 2015.
“Our inventory is following the national trend recently released by NAR Economist Lawrence Yun. Inventory is down but many homes have an accepted offer within a few days of being listed” reported Amber Scholl, Executive Officer of the Greater Mason City Board of REALTORS® & Mason City Multiple Listing Service.
Click the link below to read Lawrence Yun’s latest article in REALTOR® Magazine: http://realtormag.realtor.org/news-and-commentary/market-pulse/article/2016/05/mayjune-2016-market-pulse#sf26430471
*Sales stats were compiled by GMCBOR Staff as of 5-17-2016 and specifies single family home sales reported by members of the Mason City Multiple Listing Service as of April 30th, 2016 compared to April 30th, 2015