The spring market is in FULL swing around here. If you’re even remotly keeping up with what’s happening in your area, you might notice a lot of houses are quickly coming under contract. I went to go and talk with some sellers today who have a great home on a fantastic little street in Pleasant Ridge. In less than 1.5 months 3 houses have come on the market and gone into contract on their street alone. Whats the change you may ask? Why are the new houses coming under contract faster?
I have a few theories:
1. Spring Time - Spring makes everyone feel good about home shopping! No one likes to move in the winter unless they have to.
2. New inventory - the current buyers were getting tired of what had been and stayed on the market over the winter months. They wanted new blood and new they’ve gotten. There have been some fantastic homes come on the market these past couple of months.
2. More realistic Sellers and Agents - Pricing things correctly for the market. Last year it seemed as though sellers were still fighting the downward market. They wanted to price things higher than what the market was allowing. Then they watched their homes sit on the market month after month. This new market savy seller has taken the hint from their agents and listened to what is actually happening around them. They’re pricing their homes right for what today’s buyer is willing to pay. As a seller you can’t go by what sold a few years ago. That won’t fly in today’s market. You’ve got to look at what has recently sold around you to get a clear cut picture of how to price your home. You’ve got to enlist the help of someone who trained and knowledgeable on where the market it is, where it was and can see where its going. If you want that kind of help. Give me a call.
