I had a dream last night that I was standing on the street corner with a sign saying, “Home Buyers Wanted.” It was too real. With the scare we see every day on the news about the real estate market, it makes it tougher for Sellers to sell their home. For a few months I have run statistics on home sale for specific communities for my Buyers. I like seeing trends to give both sellers and buyers a comprehensive idea of what the market it doing in their area to help them with their decision making.
I suspected early that everywhere was experiencing a decrease in value. NOT TRUE. Some areas are being hit harder than others, but, not every neighborhood has seen prices decrease. Some have flat lined and others have seen a very slight appreciation. What does this mean to Buyers and Sellers? We’ll get to that shortly.