If we go BY THE BOOK...

Real Estate Agent with Matt Haze Entertainment

...we are in a buyer's market.  By the law of supply and demand, we are in a buyer's market.  There is more inventory than ready, willing and able buyers in the market. 

BUT it also depends WHERE you are. 

Each community and each neighborhood is different.  Each has their own feel and style of homes.  Buyers choose neighborhoods and communities for many different factors.  That's what makes real estate so unique.  And that's what makes the market today so different.

In the community of Strongsville, Ohio, just a few blocks can make a difference.

Many communities such as Waterford Crossing and Westwood Farms have seen an increase in inventory, but the homes in those communities are still selling in a decent amount of time.  These are some of the most sought after neighborhoods in Strongsville because of their amenities, location, size and style of homes.  People love the large recently built colonials in these neighborhoods.  Just drive down the streets and you'll see how well homeowners take care of their homes and their neighborhoods.

Go north a few blocks and you'll find many neighborhoods full of older colonials and many split levels.  This inventory is on the rise.  And these buyers aren't as quick to move on these homes.  Many don't have the same amenities as other developments and the age of the homes show on some of them.  When you walk into them, you'll notice many features that are still original to the home when it was built back in the 70s or 80s.

Yes, we're in a buyer's market, but just a few blocks can make a huge difference in a market like ours.  It's vital to know the neighborhoods and what it is that makes it tick.  What is it that people love?  What is it that make it what it is?

These factors are huge when it comes to a buyers or sellers market.  Look past inventory.  Look deep into what it is that makes a neighborhood tick.



Comments (1)

Ray Perry
CENTURY 21 The Neil Company Real Estate - Roseburg, OR
Realtor, CRS, GRI, e-PRO
That's just like anywhere else in the country.
Jul 12, 2007 12:27 PM