News from the Real Estate market

As of March 31, 2015 nearly 70 percent of the homes on the market were considered "stale"– homes that have sat on the market unsold for more than a month.

"A home that’s been sitting for 30 days is more likely to be overpriced, in need of renovation, or have other problems that prevent it from selling," according to Redfin. 

The total number of unsold homes rose 5.3 percent in March to 2 million – reaching a 4.6-month supply pace, according to the National Association of REALTORS®. In Redfin's analysis of 50 markets, about 30 percent of the unsold homes were considered fresh listings