The Fargo Moorhead Real Estate market is super hot, its so hot, we have no inventory because of multiple offers on a new listing. So what does that tell you....
Buyers won't put there homes up for sale because they can't find any homes for sale. STALEMATE! Yep, its so hot you can get 5 offers in 3 hours, but then what, you can't find a home and nobody wants to be homeless. This real estate market is worse than a slow moving market. Veteran agents suffer more, as there repeat base is staying home, no pun intended.
New home buyers are in a typical price range, the move up buyers cant find anything, and that leaves us with a market of high end home shortage.
When the refy boom hit 4 years ago, it created this repeating market. This is the 3rd year of this in a row.
Tough times ahead for alot of agents!
The builders are all building homes outside the price range of first time home buyers or empty-nesters, so we do have a serious problem.
Comments(3)