Thanksgiving 2015 is approaching, and i am noticing that there is steady buyer activity. I find this interesting since we are approaching the holiday time of the year where things are busy but most of that busyness is getting existing contracts closed!
What I am seeing is plenty of buyers willing to look for a home and write contracts. I am finding myself doing pre-approvals, writing pre-approval letters for new contracts and seeing new deals go into escrow. Could this mean that 2016 is finally going to be that "banner year" for our industry? Things have been just fine, but in my area, Ukiah, California, in Mendocino County, we still struggle with a lack of inventory and the market very much favors the seller.
It seems to me that prices are starting to finally level out, which would be great for the overall market, since a normal market would mean a bit more inventor build up, giving the home buyer the ability to actually look at multiple homes.
Perhaps all of the buyers I have in my database may actually be able to find something to purchase assuming they can afford it and havent been priced out of the market. If that were to happen, 2016 would indeed be the best year ever!
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