Dealing with Today’s Less Competitive, Pricey Market

by | Sep 30, 2022

Navigating today’s real estate market is a tedious task with the market constantly changing .  One thing that remains steady is the market is in a state of high demand and low supply leading to higher home prices.

The real estate industry over the past 10 plus years has seen close to a forty percent reduction in new home building while there’s been an increase in ones looking for homes.  Basic supply and demand is what’s causing the high prices. Currently, we are still in a sellers market.  Homeowners are selling way above what they typically would get for their home in a more level market and on average fourteen percent higher than one year ago and around forty percent higher than before the pandemic.  If you are going to sell, start preparing early and diligently.  Although, it’s a sellers’ market you still need to put some elbow grease into your home to get your best offer.

If you’re in the market to buy now, you have some time as things are balancing out a little.  However, experts say don’t wait too long as the market is ever changing and unpredictable economy and market.

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