January 2012 saw traditional home sales surge 28% versus January 2011 after having also posted 21% gains in December versus the year prior.
As foreclosure and short sale inventory continues its decline and buyer demand continues to rise, buyers are coming back in force into what used to be our bread-and-butter housing market: the traditional home seller. One concern has been whether buyers who had grown accustomed to the bargains offered by foreclosures would be willing to purchase a more expensive home listed by a traditional seller. As recent months have shown, when buyers have no alternative, they will buy traditional seller properties.