Note
for Summer 2008: Regardless of what you may have read or heard, this is
still an
excellent
time to purchase or sell a home. For sellers, profits are still very
likely, especially if you have owned your home for more than two years.
For buyers, you finally have a choice of properties and the luxury of time to
find your dream home!
Residential Sales Statistics: Single Family & Condos May – 07 May - 08 Active Listings 3273 2646 Houses Sold & Closed 1518 1100 Average Selling Price $173,464 $169,298 Average Days on Market 77 84 Median Sales Price $139,000 $138,000 Pending 1556 1125
I'm not going to buy now...
I'm waiting till the market bottoms out....
The saying penny wise and pound foolish comes to mind. How will you know when
the market bottoms out...when it starts to rise again. How soon will you know
when it starts to rise again...when you realize the house you were wanting is
sold.
Don't Wait. If you know you are going to need a new home within the next year,
then now is the time to act. Especially if you have to sell your existing home
in order to purchase your next home. Then you need to have your home on the
market now. It will take longer to sell the later in the year you put on the
market. The reason - more competition from other sellers.
Don't fool yourself into thinking that all buyers are waiting for the market to
turn around. There is another buyer putting an offer on their new home right now
who knows now is the time to buy a home. They could be buying your dream home.
Need more info about selling or buying a home, just hit the contact button on
the left. I'm here to help.
