Val Puddington, Coldwell BankerHappy Homebuyers

Buyers Are Back

August 28th, 2009 | Selling a Home | permalink

Homebuyers are back! After a cold spell through fall, winter and spring,  buyers are acting on the positives of lower prices, lower interest rates and higher tax credits. The result?  An increase in sales of existing homes for the last two months.  Savvy sellers who are positioning their prices for the market are the beneficiaries as they go to closing and move into their next home.  Meanwhile, sellers who are holding on to yesteryear price tags are the ones now out in the cold. 
 
You may see continuing high inventory of homes with prices still dropping.  In some areas, you will see encouraging trends with more properties going off the market than coming on with inventories dropping, signaling a move toward an appreciating market.
 
You will hear national statistics about what is happening in real estate, but if you are a buyer, seller or a market watcher, thelocal market information and trends will be your best guide for the local situation. 
 
As your local real estate market expert, I can assist you or anyone you know in analyzing the market and more importantly, provide understanding and insight to guide a buyer or seller to fulfill their real estate needs.