Vision Realty Centers
If you are you asking because you are afraid the prices will rise soon. I wouldn't worry about that. If you are starting to look it might be Summer before you actually close on one, you have to find it first. Don't wait, speak to a lender, find out how much house you can afford, work with a reputable Buyers agent who can help you with the buying process and prices then put in an offer.
Homes are worth what someone is willing to pay for them.
Pam Bava, Realtor
I was just out looking at homes in the troy & rochester hills area this past weekend & all of the homes had multiple showings. We could use more listings right now in those areas.Prices go up when there is more demand so if there was a lot of homes listed, the prices would come down & not up. The prices go up when there is less inventory creating more demand. If you are looking to buy, I wouldn't wait. Find a good realtor you can work with & will listen to you.. These area seem to be stable & going up a little right now. Outlook varies depending on areas.
In my market spring brings out the most listings and April or May tend to be the peak. Summer months are good, but tend to drop off a bit before a September rush. As a buyer, you'll have more choices as the inventory picks up, but you'll also have more competition.
My general recommendation is to start looking as soon as you are qualified. When you find the right house, make a sincere offer on it. Ask your agent what homes are actually selling for in relation to their list price. You may be surprised to see sellers are pricing their homes to sell more now than a few months ago and discounts are not double digits in most cases.
I wrote a blog in regards to days on market. Might be some helpful info for you. I don't think home prices are going up anywhere soon to answer part of your question.
best of luck,
It depends on what type of home you're looking for. Foreclosures come on the market all year long. On privately owned homes some sellers wait for better weather to put there home on the market. Supply and demand will determine if prices go up and there does tend to be more people looking in the warmer months.
If you need any assistance finding a home I'd be glad to help.
Karen Paytas, GRI, CMS
Real Living Kee Realty