Spring has Sprung

Well here we are, a few days into the new Spring and  it's already starting to really feel like it as well!  Not only are our temps heating up, but the market is too!  We went from only 32 active listings in January to over 62 in March.  It seems as fast as they are bringing the listings on, they are selling just as fast. The problem being that our inventory was so depleted and the buyers who have been circling around all Winter are finally seeing things that are new and fresh, so they are jumping all over them!  The main key here is pricing.  It seems if a new listing comes on the market and is priced well, then you better be first in line or you may miss the boat. We have had several homes that receive an offer 1 or 2 days after being listed! I expect to see at the very least, 30 new listings by the end of April. That should help inventory supply, but also help to slow down this fast paced uptick in selling. With low inventory and multiple offers and back up offers on properties, one might think this is a seller's market again, but I think it will all even out soon.  It is sometimes hard for even us professionals to tell who might actually have the upperhand when it comes to negotiating!  Bottom line is, with the interest rates low, inventory increasing daily, and sellers finally getting very realistic in their pricing—–this is a GREAT TIME TO BUY!  Be it an investment, 2nd home or a first time home buyer, you should definitely "spring" into action! wink

Posted on March 28, 2013 at 10:28 pm
Cheryl Dalton | Category: Uncategorized

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