Let me answer the main question everyone has these days: How’s the market?
Well, I don’t expect our market to collapse or fall apart, and I am pretty certain that a monumental drop in values is not forecasted for our market.
You cannot believe everything you hear on the news, my friends! Make sure you remember we are not a big metropolis like Los Angeles or Chicago.
We have a very stable economy here. Every sector of the employment world can be found in our special little town! We have an abundance of opportunities for job growth and advancement, wherever you may find yourself today.
Now, about the actual real estate market. Inventory seems higher because we do have fewer buyers moving while the market stabilizes. Everything is still selling, but sellers are having to be a lot more realistic with their sales prices.
We are seeing things normalize to a place where there are some more affordable options popping up. Homes that are priced correctly will still sell quickly and for full price or more than asking.
Buyers may still be competing with others when they find a good house, but maybe there are only three offers now and not 20. Appraisals are still all over the place!
In a nutshell, the buyer-feeding frenzy has calmed down, but this is still a seller’s market. Everything that is priced right is under contract.
And owning a home is still, and will always be, the wisest investment you will ever make!
