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If you read up on real estate, you probably already know that real estate is very much a local phenomenon. Depending on which part of the country you are focusing on there may be large pockets of buyer-controlled areas or like much of the nation, a strong seller’s market.
In
our area, we are slowly starting to pick up with more activity on the horizon
moving forward. Buyers are still able to lock on historic low interest rates
but with inventory levels at anywhere from about 5 to 8 months, we still have a
fair amount of inventory on hand.
For
sellers these days, there are some opportunities for those that price their
home right. This does not mean to price it lower than everyone else in the area
– it just translates to accurately pricing according to fair market value. An
added bonus, well-priced homes in our area are selling faster. A great way to ensure accurate pricing is to
have an appraisal done. Not only will it corroborate your price but also it
will act as a negotiation tactic.
For
a detailed look at your specific neighborhood, I invite you to contact us
today!
