Greetings!
Cathy's Market Update
This summer, our real estate market has seemingly swapped the word "lazy" with "crazy" as activity hums along at a faster pace than seasonally expected. You won't hear any complaining, however. Sellers and buyers alike are soaking up the most intense momentum since 2006. With upticks in both volume and prices, it feels good to see our market beginning to recover.
What is causing such a stir? A critical shortage of listings is our strongest indicator. Buyers are ready to make sure they do not miss out on the shift in the market. Multiple offers are increasingly common on well-priced and positioned homes. This is giving sellers who may have previously been on the fence a boost in confidence about listing their home. Another factor is record low interest rates that offset rising values. Low rates also cause an increase in buying power. Buyers are more confident making offers on homes in a higher price bracket and in better condition that may have felt out of reach earlier this year.
Times like this emphasize the importance of consulting your trusted real estate advisor. Unrealistic expectations for both buyers and sellers cause frustration and can be avoided when you are properly
informed about how your local market is adapting to the shift taking place. For sellers, it's never been more important to price and stage your home correctly right out of the gate to capture the most attention. For buyers, it may be a shift in mindset and the understanding that not all sellers are struggling. There are still fantastic values to be captured. Give me a call. I'd love to hear from you.
Cathy Wahlin,
Residential Real Estate Broker,
CRS (Certified Residential Specialist)
ABR, ASR, CFS
Windermere Real Estate/Lakeland Hills
I'm happy to help if you know someone interested in taking advantage of this market. They can expect solid advice and representation backed up with years of experience. I appreciate all your referrals! Looking for a Home? Search 1000's of Homes Here Instantly! |
Protect your Home
Helpful tips to discourage thieves from targeting your home while you are away this summer:
OUTSIDE:
Install a lock on your gate and repair missing fence posts.
Keep ladders and tools locked away.
Know your neighbors. Stay in communication with them and consider setting up a Neighborhood Watch. |
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Questions about Real Estate?
Ask me your burning real estate questions. You can email me at cwahlin@windermere.com |