Monday, February 11, 2013

Tipping Point: Buyers - Sellers

The last 5 years have truly been a nightmare.  Property sat, buyers were no where to be found, confidence in the economy was at it lowest point in memory.  Sellers became extremely creative in enticing the few buyers available with any variety of incentives.

The thing with Buyers Markets is they can end abruptly.  This article from Real Estate Information Systems points to the end of Concessions.  In the past 8 months, 10 of the contracts I have written have either been met with multiple offers, or rejected by the seller.  Two years ago that would not have happened.

As of today, there are 68 properties downtown that are under contract, and only 82 properties available for sale.

If you have been considering listing your property, the time to do it is now.  Please contact me for an analysis of your market value.

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