Real estate market is coming back to some Normalcy:

By
Real Estate Agent with RE/MAX SOLUTIONS 9695882

We are beginning to see a turnaround trend in the Northeast real estate market, remember when we use to see multiple bids in offers, and buyers use to go crazy especially if they realy realy like and home and they were willing to pay $20,000 to $40,000 over asking price.

There is large inventory of homes  in the market right now and fewer serious buyers but those buyers who were not able to get into bidding wars are not entering the market and they are getting great bargains since there are not too much competition but they are now moving the market inventory and i believe come spring we are going to see another explosion of the bidding wars all over again.

It is now a buyers market and smart serious buyers are getting in fast and making a decisions quickly in terms of making offers and going into contract.

Comments (2)

Doug Beaver
Century 21 Olde Tyme - Corona, CA
Corona Norco Eastvale Riverside Homes
Paul, I hope the spreads to the west coast as well. We have seen activities pickup but the buyers are still a little aloof. No multiple offer yet but we can hope and pray. Great Post....
Feb 25, 2007 03:46 AM
Paul Anyanwu
RE/MAX SOLUTIONS - West Orange, NJ
CRS, SFR, Broker-Salesperson, Sales West Orange,NJ
I hope so too thanks for your input.
Feb 25, 2007 06:00 AM