Housing market is booming, breaking records - KAIT Jonesboro, AR - Region 8 News, weather, sports

Housing market is booming, breaking records

The national average selling price per home is $280,000. (Source: Redfin) The national average selling price per home is $280,000. (Source: Redfin)

LOUISVILLE, KY (WAVE) - The housing market is on fire. For sale signs are lining neighborhoods nationwide and here in WAVE Country.  

Real estate brokerage Redfin reports homes are selling at a record pace

According to Redfin the national average per home is $280,000 and Redfin says homes in this price range sold in 37 days in the month of May. That's the fastest closing time since Redfin began tracking the market seven years ago.

MORE FROM WAVE3.COM
Louisville girl, 8, is top Braille reader in America

Natcher Parkway construction to be complete in August
Missing 16-year-old returned home safe

Last month, one in four homes nationwide sold for above list price and one in five homes sold in two weeks from going on the market.

Experts say if you're trying to sell your home, a few simple tricks can improve your chances.

  • Empty your closets, as storage is a hot commodity for every home buyer.
  • Turn on the lights and increase the wattage of your light bulbs.
  • Remove the drapes and open the windows to let the sunshine in.

>> VIDEO: Watch Lauren Jones' report

A couple of other things the experts say you should do is to put away your pets and to de-personalize your home before trying to sell it. The more personal stuff you have in your home, the harder it is for potential buyers to imagine themselves living in it.

To learn more about the housing market in WAVE Country, click here.

Copyright 2017 WAVE 3 News. All rights reserved.

  • Region 8 News</span><a class="customMoreLink" href="/Global/category.asp?C=4391" target="_top">More >></a>Region 8 NewsMore>>

  • Arkansas hospitals: Shortage of IV equipment due to storm

    Arkansas hospitals: Shortage of IV equipment due to storm

    Sunday, November 19 2017 1:04 PM EST2017-11-19 18:04:26 GMT
    (Source: Raycom Media)(Source: Raycom Media)

    Arkansas hospitals say a national shortage of IVs is the worst they've ever seen since Hurricane Maria devastated Puerto Rico in September and knocked out a key plant that manufactures the medical equipment

    Arkansas hospitals say a national shortage of IVs is the worst they've ever seen since Hurricane Maria devastated Puerto Rico in September and knocked out a key plant that manufactures the medical equipment

  • Jackson County Sheriff's Office investigating a homicide

    Jackson County Sheriff's Office investigating a homicide

    Saturday, November 18 2017 11:58 PM EST2017-11-19 04:58:03 GMT
    Sunday, November 19 2017 12:02 PM EST2017-11-19 17:02:41 GMT
    (Source: Raycom Media)(Source: Raycom Media)

    JCSO Capt. Ricky Morales said deputies responded to a home in Campbell Station shortly after the comment was made. There they found a woman's body. Deputies are ruling it a homicide. 

    JCSO Capt. Ricky Morales said deputies responded to a home in Campbell Station shortly after the comment was made. There they found a woman's body. Deputies are ruling it a homicide. 

  • Osceola woman killed in Highway 14 crash

    Osceola woman killed in Highway 14 crash

    Saturday, November 18 2017 10:28 PM EST2017-11-19 03:28:47 GMT
    Saturday, November 18 2017 10:31 PM EST2017-11-19 03:31:39 GMT
    (Source: AP Graphics Bank)(Source: AP Graphics Bank)

    An Osceola woman was killed in a single-vehicle crash Saturday evening, according to Arkansas State Police.

    An Osceola woman was killed in a single-vehicle crash Saturday evening, according to Arkansas State Police.

Powered by Frankly