How The Real Estate Market Has Changed

Remember the good old days when we saw prices falling and Buyers getting into the market to snatch up all the great deals? On the other side of the coin we saw a number of Sellers chasing falling prices.

Today we have the same problem on the opposite side. Prices are shooting up. Sellers are trying their hardest to stay ahead of the pricing market, setting list prices above and beyond market prices. Buyers are playing a wait and see game in the current Real Estate market.

Home sales are on the rise, indicating some buyers are taking advantage of prices before they rise even further. The Real Estate market has seen consistent increases in home sales for more than 12 months. All statistics show the Real Estate market has rebounded.

It doesn’t matter if prices are rising or falling. Knowing the Real Estate market is still key to making a wise decision. National, state and local sales figures serve their purpose, but the real indicator still boils down to what the market is doing in a small, 4 block radius of your new home. Know the market. Always insist on a report with recent, localized sales before you make a decision to buy or sell.