The market is heating up!
When it comes to the local market, the media is simply wrong and one-sided. The truth of the matter is that Spring has sprung and buyers and sellers are at it again! Homes are selling--sellers are upsizing, downsizing, and relocating, and buyers are flocking to Well-Priced homes, buying them, and moving in. Yesterday I wrote an offer on a Well-Priced home in a golf course community and two other agents were doing the same. Believe it or not, multiple offers are still common and Well-Priced homes are selling fast.
The truth is that active inventory/sold properties, time-on-the-market, employment forcast, and many other assumptions are used by "experts" to define and "explain" the broader market. Personally, I couple my markets stats with a "Boots on the Ground" approach. This allows me to focus primarily on micro-economic indicators and activity and I've discoverd that in any market Well-Priced homes attract buyers, multiple offers and sell quickly.
Today's market is not a "Buyer's Market," or a "Seller's Market," it is a Value-Driven market. Period, end of story.
If you are a seller, I'd love to sit with you and show you how to position your home to sell. If you are a buyer, I'd love to help you narrow and define your search so that you can find Well-Priced homes to consider.
CLOSING:
To run the best race you can, to give everything that is in you, and win--that is glorious. To run the race, to give your best and lose--that's painful. But it is not failure. Failure is refusing to run the race at all.
John Ortberg - If You Want to Walk on Water, You've Got to Get Out of the Boat.
Technorati tags: Michigan Real Estate, Seller insights, Buyer Insights
Comments(2)