By Local Agent-Dighton Real Estate Market Trends for Sellers-Buyershttp://southeastmahomes.com call or text Lori Lincoln Team 508-878-0917 (Real Estate and Homes for Sale in Dighton MA)
Currently- as of May 21, there are 46 Single Family homes on the market. In the last 30 days- 6 single family homes have sold and 13 are currently under contract. Based on the current number we can determine what type of market we are in. We take the number ofhomes on the market and divide it by 19 is 2.6 months supply of inventory. For May 2013, we are in a sellers market in Dighton ma.
What does this all mean?
When a low supply of homes on the market in Dighton occurs, generally speaking prices are increase. It's the law of supply and demand. For some sellers this is great news. Some home sellers in Dighton have realized a gain of 6% since December 2013,
Does this mean all homes will sell? -
Absolutley not- Buyers are unlikely t appreciate a house that doesn't represent value for the price. In Dighton, the homes that sell will sell for 95% of list price. The common myth that sellers believe-Buyers just don't make offers on overpriced homes.. they are educated and have a buyers agent that will show them comparables, show them other homes that offer more for the same money. Buyers also aren't just shopping in one town. So the competition could be greater- For an example- a buyer looking in Dighton would also search for homes in Rehoboth and perhaps Swansea, Somerset, Taunton and Berkley.
The real estate market changes slowly and suddenly- similar to the stock market, only slower.
What percent of list price shoud I offer if I am a home buyer in a sellers market?
A great question- and a simple answser- if you are a buyer and you really want to buy the house. then offer your highest and best or risk losing the home of your dreams to another buyer.-the pain of loss is too much for some of them to bear. If you'"lowball" - there is very high chance that your offer will not even be considered.
This market is nothing like that of 2005 and interest rates are at an all time low. If you are a home seller- you should capitalize on the present opportunity. Waiting may not be the answer, the market changes..slowly..then suddenly. Don't miss out.
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