I don't know about everyone else, but we are definitely seeing alot more buyers out there in recent weeks. Open Houses are buzzing with potential buyers and investors are looking for some great deals. Our office just had a record month last month! Our board was completely filled not only with new listings but sales as well. I am definitely feeling more optimistic that the market is turning around. And when buyers ask me 'Have we Hit Bottom Yet,' I simply respond...we won't know until six months after the fact...so don't wait to buy as it may be too late! That is the best advice I can give to someone that may be sitting on the fence or waiting for prices to drop further.
Another thing we have noticed out of our office is that bank owned properties are selling very very quickly here in Menifee. They are selling for asking price or more and in many case multiple offers. I hope other offices are experiences this sudden surge. Our office is buzzing, Agents are busy and our lenders are buried with pre-qualifications for first time buyers. I don't know about anyone else, but I'm encouraged! Let's keep it coming!
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