What is a normal market?

By
Home Builder with Brown Midwest, LLC

I was recently asked about a "normal market". Well, it would be the exact opposite of what we're dealing with currently. :-) A balanced market can be described as an equal number of sellers and buyers who are ready willing and able to buy. Most markets are not static and tend to move around such as when new product (new development) is brought on line or a company moves more employees to your market than available homes. Right now there's much more product than buyers which I believe will soon begin to correct. That will happen once buyer confidence has returned and buyers don't fear buying today only to find out tomorrow that there purchase is worth less. I think we're getting close to that now so stand by because things are gonna get better.

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Rainmaker
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Larry Bergstrom
Crescent Realty, Inc. Spanaway, WA. - Spanaway, WA
CNE, CRS, GRI

Gabe;

I couldn't pass without a comment. I started in real estate in 1978. I just might have seen more "normalcy" then you have.

In the long haul, our market in the Northwest averages around 90 days for a listing.

Buyers should have a job, good credit and some cash down.

What we've just experienced in the past few years is abnormal.

Hope this doesn't bum you out, but it's the facts.  Good luck in '09.

Dec 18, 2008 12:01 PM #1
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Rainer
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Gideon A. (Gabe) Brown

Brown Midwest, LLC
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