There has been so much media play at the national, regional and local level about thecurrent state of our real estate markets. Although it might be spellbinding, if not depressing, news, the fact is all real estate is local. So for good or bad, buyers and sellers need to be primarily concerned about what is happening in their specific community. When our local media creates a barrage of reports on the decline/reversal/free fall of the market, the greatest influence on the market becomes less economic conditions, and more the danger of self-fulfilling prophecy as a result of real estate reports. How does one escape the trap of being influence by the media reports and make decisions based on market facts? Talk to a local Realtor--they can provide you local statistics about the number of homes that are currently on the market in your area, the number of homes that have been sold in your area, the average selling price, the average days on market and other market facts that will give you a more definitive basis for understanding the dynamics of the market in your area. As Realtors, we can also give you information on how homes similar to yours have sold in our current market. Remember even in this market their is good news---buyers and sellers can make good deal--if it is the right deal for them--in any market. Buyers, rejoice--there has not been such a good time to buy in recent history. Sellers--remember--your house is not the entire market. The successful sale of your home only takes finding one buyer--the right buyer for your home--and a great Realtor will find that buyer for you.