Is the market crashing? NO it’s not! Is it balancing out? Yes it is! I like to call this market shift old real estate, where buyers get to make informed decisions again and take their time to decide if that home is really a good fit.
The rumblings are true … it’s changing out there. What does this mean for buyers and sellers?
Sellers: Because there is more inventory now, it’s more important than ever to be priced right & ensure your home is ready for the market. You want your listing to stand out from the other homes coming onto the market everyday. Over priced houses will not sell in this market. A well priced home is still seeing some competition, but also be aware that homes are taking longer to sell now.
Buyers: For all those who were frustrated with the bidding wars and couldn’t get into the housing market, now is your time! It’s your chance to make an informed decision with conditions in an offer again. So get your pre approval updated and get out there shopping.
Working with an experienced realtor who has seen this market shift before will work to your advantage. Send me an email to discuss what this means for you as a seller and/or buyer.