Quick Look!
Market Trends!

What are they and how do they influence real estate? Simply put market trends are a look back at the recent activity in the market. Sales history and the current home inventory are just two of the elements of the complex real estate puzzle. Current home prices reflect everything that has been happening in the local, national and international economy. Consumer confidence, credit practices and the job market have all directly impacted the country over the last several years. We have all seen this play out on the news, in our neighborhoods and our own purchase decisions.

What does this all mean to the buying-selling consumer? Buying power is high for qualified buyers and they are demanding value! Selectively searching through the home inventory, buyers are targeting homes that offer the greatest return on their investment dollar and match their individual needs. Location, floor plan, square footage, condition and quality of finishes all play an important role and can eliminate a home from the mix before it is even visited.

Sellers are competing in a market of short sales and bank owned properties. Maximizing every opportunity to have a home shown to a prospective buyer is critical. Pricing aggressively to attract buyers can generate multiple offers. Marketing on the internet, using every tool for exposure of the home and knowing the market is critical to todays seller.

Understanding market trends and sales history is key to the ability of a Realtor to leverage this market to the benefit of consumers.