2013 has just about come to an end. Based on our market and my real estate experiences through out the year it’s easy to say that the market has changed. If houses were listed at market value not only did the home go under contract but it went under contract with multiple offers, back up offers and sold quickly. Great for sellers. Although this was true it still did not mean that homes have increased significantly. However, values are higher than last year.
If you were a buyer this year you figured out that inventory became low after April. There are now less homes to choose from. Investors have started pulling out of the market. The great deal home is a bit harder to find. Based on our market data the bottom has come and gone. Therefore, if your were waiting for the bottom stop looking for it. You’ve missed it.
For sellers now is one of the best times to sell a home. For buyers there is no better time to jump off the fence and own. Prices are still at affordable rates.
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