Market Update
The numbers are in and 2016 was clearly a pivotal year in
real estate. Nationally real estate
sales transactions were up 12% over 2015 figures. Litchfield
County overall saw just
over 8% increase. Locally we have seen a similar bump resulting in the volume
of sale increase around 14%! In summation, real estate in Sharon is on a steady upswing as the market
recognizes good values.
The positive economic confluence of lower unemployment,
strong trends in the financial markets and tightening interest rates have
bolstered consumer confidence. This confidence mixed with the reduction of
available homes to buy has solidified real estate values and will predictably
push value higher. This is already
happening.
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