Market Update

What Can We Learn From Last Year’s Market?

Today I’d like to kick off the new year by looking back at last year’s market.

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Today, I’d like to start the new year off by taking a look back at last year. So, what can we learn from the 2017 market?

First of all, homes are still selling quickly. If you’re in the market looking for homes, you need to make sure you’re prepared ahead of time.

We’re also seeing that homes are in short supply. Though it isn’t a bad time to buy, we’re definitely in a seller’s market.

THOUGH IT ISN’T A BAD TIME TO BUY, WE’RE DEFINITELY IN A SELLER’S MARKET.

Buyers who are looking for property right now will need to work with an experienced agent in order to find success in this highly competitive market.

Additionally, there are currently a lot of flipped or remodeled homes coming on the market. This has been a big part of our market lately. People who have been holding onto rental properties for years are now beginning to list. These kinds of homes are definitely driving up prices in our market.

The last thing I’d like to make you aware of is that it’s still a great time to buy. Buying instead of renting will still save you money in today’s market. On top of that, why would you want to put your money toward someone else’s mortgage, anyway?

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

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