Traditionally, my real estate business takes a bit of a shift during the winter months when some sellers decide to take their homes off the market, while only the most serious buyers are shopping for real estate. Come February, March- early spring, I begin to see an upswing in calls from buyers and potential sellers then, in one week (usually a nice, spring-like, warm sunny week) the light bulb turns on and I see an influx in buyers buying and sellers wanting to list... Traditionally.
This year, however, I've seen the buyer market follow very closely the tax credit incentive offered by the government. My stream of buyers shopping under $200K remains very steady and homes continue to sell in this price range. There has been a slight drop in inventory this year, though still a seller's market, but the continuation of sales in the first time buyer bracket.
It's been a great year for me and, because my business tends to be mostly to first time buyers, I've met a lot of wonderful people who have gone on to send me referral. It's not just me, there are several agents right now who will agree that the real estate market, in certain price ranges, is moving. Now that sellers have realized that prices are expectedly lower, they are pricing their homes more competitively. It is a great time to buy.
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