Your Monthly Real Estate Market Update
Is the market good or bad? It depends on whether you’re buying or selling. Learn more here.
Everyone wants to know: Is the market good or bad?
I always follow up this question with, “Are you a buyer or seller?” Your position in the market will make all the difference.
If you’re a buyer, there’s not a lot of inventory in the market, but interest rates are really low, which gives you increased buying power.
However, ours is definitely a seller’s market. Inventory is low, prices are high, the economy is doing well, and business is booming.
If you’re trying to identify whether your local community is in a buyer’s or seller’s market, ask yourself about what’s going on in the community that would affect your local market. What new developments or redevelopments are coming? For example, are there any nature preserves that have stopped development? Did a factory just shut down, causing many to lose their jobs? Those occurrences might open up a lot of vacancies in the housing market, pushing values down and creating a buyer’s market.
To get a better understanding of your market’s details, talk to a market specialist who is familiar with your area. No matter where you are in the country, the C.A.R.E Network can find a specialist to help you. All you have to do is reach out to us! We’ll put you in touch with the right people.
As always, if you work with us, 5% of the total commission from the transaction will go toward the charity of your choice—use your next move to make a difference.
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