Yes, there are a lot of technical indicators that can tell you that our market is taking a turn for the better or a turn for the worse.
The key change, in my estimation, is what the sellers are doing with offers that come across the table.
Buyers and sellers (buyers agents/sellers agents) would normally use the same market facts to arrive at what they determine to be fair market value for a property. Somehow, and in about 90% of the cases, there would be a significant discrepancy in the values reached by buyer and seller.
In today's market, sellers have changed. While still not willing to listen to low ball offers, sellers are now compelled to see the picture from the other side of the table. When they do, transactions have been the result.
That's the way we find it in the suburban Greater Cleveland market.
Good reasons to buy now...low mortgage rates, home prices have dropped, tax credit for 1st time buyers, more properties available, and MOTIVATED SELLERS.
Now is a great time to contact us...
Jim & Joan Norbuta
Serving the communites of Aurora, Auburn, Bainbridge Township, Chagrin Falls, Solon, Twinsburg, and all of the Chagrin Valley. Call us for referrals to outstanding RE/MAX agents in other communities in Ohio and beyond.