March is traditionally a month associated with “Luck.” People try to find four-leaf clovers, hang horseshoes with the heels up so that good luck won’t drain out, and celebrate St. Patrick’s Day with a good, old-fashioned green beer.
How did the real estate market fare in this “Lucky” month? Here are the numbers:
(Click on each infographic for a larger version)
- We continue to experience a steady rise in average sales price which is great for those homeowners who lost a lot of their equity in the recession. Short sales are no longer as prevalent as they were just a few short years ago. A short sale requires lenders to forgive some of the indebtedness of a mortgage if the proceeds from a sale don’t cover the remaining balance of the mortgage, but only after the homeowner can prove a hardship.