What is happening in the Real Estate Market?
Over the past year our market has seen a decline in our real estate market. However, we continue to see signs now that we have entered into a recovery period. Just 2 months ago, if there was a home on the market and you had an interest in it, you likely would be the only one making an offer at that time.
Today, that is not the case. Just within the past month, we have seen a surge of buyers entering into the real estate market. Investors are actively trying to take advantage of the low prices and incredible interest rates. Financial markets have loosened up some and people are able to qualified again. Just last week, two transactions I am working with both received multiple offers of which pushed up the prices offered. In both cases, both of the prices ended up being higher then the actual asking price.
Other agents within the CENTURY 21 North Homes are also experiencing the same trend. Buyers are noticing this too. A synergy seem to have boosted buyers into taking action as our market starts to enter into an improving market.
Our market is seeing an increase of offers as well as a gradual decrease in our housing inventory. This is very good news for both Buyers and Sellers but also for our economy. For buyers it is a sign we have reached the bottom. If there is a time to buy, and you can, this is your window of opportunity. For Sellers, it seems we have seen the bottom and now the values of our homes will start an upward trend once again.
Should you be looking to buy or sell a home, contact one of our agents and we will be glad to share with you how the market is reacting to your specific area.
Today, that is not the case. Just within the past month, we have seen a surge of buyers entering into the real estate market. Investors are actively trying to take advantage of the low prices and incredible interest rates. Financial markets have loosened up some and people are able to qualified again. Just last week, two transactions I am working with both received multiple offers of which pushed up the prices offered. In both cases, both of the prices ended up being higher then the actual asking price.
Other agents within the CENTURY 21 North Homes are also experiencing the same trend. Buyers are noticing this too. A synergy seem to have boosted buyers into taking action as our market starts to enter into an improving market.
Our market is seeing an increase of offers as well as a gradual decrease in our housing inventory. This is very good news for both Buyers and Sellers but also for our economy. For buyers it is a sign we have reached the bottom. If there is a time to buy, and you can, this is your window of opportunity. For Sellers, it seems we have seen the bottom and now the values of our homes will start an upward trend once again.
Should you be looking to buy or sell a home, contact one of our agents and we will be glad to share with you how the market is reacting to your specific area.
posted by Bryan L at
7:13 AM
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