Everywhere I go, this is the question I'm asked. If you're a real estate agent, I'm sure you hear that alot! If you are a buyer or seller, you probably want that answer! I always explain that no one has a crystal ball in this market to predict the future. Here is the present:
Homes under $150,000 seem to be getting offers quickly if they are bargain-priced. Some are even attracting multiple offers. If they are true bargains, they may even see offers well above the listing price.
Most of our home buyers are under $200,000 and many are even under $100,00, and we even have homes to meet that lower range.
Homes above $300,000 are in a declining market with prices dropping. Homes over one million, prepare for a low offer because that's the mind set of the buyers in the upper ranges. They want their dollar to go forever!
Lots, land, acreage, commercial, buyers are few and far between. There isn't a demand and financing is practically non-existent.
Some are predicting that we have already hit bottom.
I do believe this is a great time to buy with prices, inventory and rates all benefiting the buyer! Please call Janet's team at ERA Realty Center for experienced help with all your real estate needs whether buying or selling at 435-865-1019 or 800-934-3742 or email email@example.com. Check out the inventory of homes for sale including short sales, bargains, foreclosures and new construction at www.homesincedarcity.com. Janet Naisbitt-Bagley and team can give you top service with every home or property on the market.