I've been asking myself over the past couple of months if there is a master switch on Real Estate that I didn't know about....
Ever the rah-rah type, you may have noticed my annoying optimism over the past several months. I've even done several posts about how I truly thought the economy was improving, much to the irritation of several of my fellow Rainers (For example, see "5 Grass Roots Signs the Economy is Improving...")
But over the past 3 months, my head has been spinning! In Belle Creek alone, prices for homes under 1600 square feet have gone up over 15% when compared to a year ago. Even more exciting, the days on market have plunged to an average of 15.
What gives? This Realtor is happy to see the marked upturn. While it is a little frustrating for those buyers who are still convinced it's a buyers market (by the way, that magazine article you read at the doctor's office about it being such a cheap buyer's market? It's about 2 years old. Just saying.), realistic buyers are now getting beautiful properties at fair prices because "regular" sellers are jumping back in.
And "regular" sellers are seeing multiple offers within a very short time after listing their homes.
Well, I'm off to sign a listing contract. That makes 3 this week alone. Be on the lookout- these beauties will be going active over the next month or two, so you'll be seeing them soon!
Comments (11)Subscribe to CommentsComment