"Three times in the last month, I've put a house on the market, I've had an offer in a week," said realtor Shanda Tijerina. "So they're just flying off the shelves."
Homes for sale are going quickly. In fact, sales are up almost 27% compared to this time last year. And while the spring and summer months are known to be a high selling period, this can be largely attributed to the interest rates.
"These fantastic interest rates. They're only 3.75 as of today. So you just can't beat that," said Tijerina.
Simply put, that means buyers get more house for their money. But the interest rates aren't the only factor into the housing market having a quick turnaround.
"People are getting a little bit more confidence in the economy," said realtor Susan Thompson.
Add a low interest rate with economic confidence, and the sum equals houses selling rather quickly. Sometimes within days.
"In the last year or so, typically a house has set on the market you know 30 to 60 days, maybe 90 days," said Thompson. "Where they're now sitting on the market less than 30 days."
But for some buyers, it can be frustrating. Charlene Thompson and her husband are looking to move from Clyde, where the housing market isn't as strong. And they've lost out on houses in a quickly as one day.
"In a way it's kind of discouraging because we can't sell as fast as we can find one that we like," she said.
But realtors don't think this trend is going to stop anytime soon.
"I don't see anything that's really going to make it slow down unless something happens with the interest rates or something. But yeah, I think the market will stay up for, through the summer, at least," said Thompson.
Homes for sale are going quickly. In fact, sales are up almost 27% compared to this time last year. And while the spring and summer months are known to be a high selling period, this can be largely attributed to the interest rates.
"These fantastic interest rates. They're only 3.75 as of today. So you just can't beat that," said Tijerina.
Simply put, that means buyers get more house for their money. But the interest rates aren't the only factor into the housing market having a quick turnaround.
"People are getting a little bit more confidence in the economy," said realtor Susan Thompson.
Add a low interest rate with economic confidence, and the sum equals houses selling rather quickly. Sometimes within days.
"In the last year or so, typically a house has set on the market you know 30 to 60 days, maybe 90 days," said Thompson. "Where they're now sitting on the market less than 30 days."
But for some buyers, it can be frustrating. Charlene Thompson and her husband are looking to move from Clyde, where the housing market isn't as strong. And they've lost out on houses in a quickly as one day.
"In a way it's kind of discouraging because we can't sell as fast as we can find one that we like," she said.
But realtors don't think this trend is going to stop anytime soon.
"I don't see anything that's really going to make it slow down unless something happens with the interest rates or something. But yeah, I think the market will stay up for, through the summer, at least," said Thompson.
