The local Market is your best source of information for decision making…
The real estate market is a hot topic on the national agenda as we continue to be presented with many national statistics on the status of the residential real estate market. In the past two months national statistics have shown an increase in not only the number of buyers entering the market but also in the number of both new home & existing home sales. In some markets this has also led to an increase in the sale prices of homes.
Armed with this information, buyers and sellers are making decisions about the timing of their move and the prices at which to buy or sell. Sellers who have been sitting on the sidelines waiting to list their homes may find that the timing is right to jump back in and buyers who were afraid of additional declines could find that now is the time to pull the trigger and begin their search. Each real estate transaction however is extremely unique and your own personal situation should be evaluated along with the condition of your local market For a review of local trends check out each of the local Market Watch snapshots below.
Robert Albrecht is a Real Estate agent with Coldwell Banker in Washington DC. He has been in the business for half a decade and enjoys sharing his knowledge and experience with web savy consumers.