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BCS Housing Market Looking Better For 2012

The latest data shows some signs of improvement in the housing market.

A lot of things have fallen into place to make it a good time to buy if you're in the market for a home.

Chief among those, some of the lowest home loan interest rates in years.

News 3 looked into how the local housing market is showing some positive signs.

It's good news after a wait.

Louis Kuciemba just put his Bryan home under contract after listing it on the market nearly six months. He'd had a few lookers before.

"I didn't want to sell it right away anyway so it's kind of working out pretty good. Got a buyer interested in it and supposedly put down his money down," said Kuciemba, who's lived in Bryan for five years.

In the six county area, homes sat on the market an average of 149 days in November, up from 139 in November 2011.

But Realtor Cherry Ruffino is seeing signs of progress for 2012 and beyond. Right now she says there's about an eight month supply of homes.

"Year to date the market is really, really, looks good. The average sales price is up five percent over last year was $172,000 last year this time, and it's $180,000 now," said Ruffino.

She's expecting to see more new construction in 2013 after recent declines.

For sellers she recommends you price competitively and spruce up you home.

"The first two to three weeks on the market is when you are gonna have the most activity, so you want to put your best foot forward," she said.

And for buyers, record low interest rates dropping to lower than 3.5 percent make it a good time to buy.

"Get yourself pre-approved and start looking now because you do have a selection," Ruffino added.

As for Louis Kuciemba, he's looking forward to being closer to his family and running his Bow and Arrow Hanger business closer to Hallettsville.

"That's what I've been looking for," he said.

Looking to change this for sale sign to sold in time for Christmas.

Another good sign of improvements as Realtor Cherry Ruffino also says this December has been much busier than normal.

Ruffino also adds while there are very few foreclosures here you can still find some very good deals.

We have a link to the latest market data attached to this story at:

http://www.bcsrealtor.com/MLSMonthlyHousingTrendsintheBrazosValley.aspx


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