This isn’t doom and gloom, but there are some signs to pay attention to. While over last year both sales and prices are up….we are seeing a sharp decline locally & nationwide in “interest” from the public. Seasonally there are lots of reasons sales slow down in the Fall & Winter. However, we’ve seen a sharp drop off in new listings coming to the market. At the same time, the amount of showings homes are getting are dropping off as well.
This does NOT mean the market is going to crash. But, with appraisals holding up the process much longer than they traditionally have combined with neighborhoods playing “leap frog” with climbing prices the last 4 years; it would be easy to say that the skyrocketing prices are coming to an end… or at least stabilizing.
Selling is still great as far as timing. There are two key reasons for this. First, there is less competition from other homes. Motivated Buyers are just that….MOTIVATED, and when they have less to choose from you can stand out. Secondly, prices are still much higher than several years ago. It’s said that timing is everything. Is your time now? If you want to find out what your home is potentially worth just click the link below. Or you can email me at firstname.lastname@example.org or call me at (360) 701-5688. No obligations of course, I’m here to help!