Home Buying in 08081>Question Details

Tonyw, Other/Just Looking in Sicklerville, NJ

Is it still a buyers market or is it working out for both at this point? I took my eyes off the housing market for the last year and a half...thanks!

Asked by Tonyw, Sicklerville, NJ Sun Apr 14, 2013

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8
Laura Castellucci’s answer
I feel that it's still a buyer's market due to low interest rates...but for sellers, homes are selling, only if it's priced right and put on the market in tip top shape.... if you need to know more, feel free to contact me...856.981.1617 those are the 2 most important ingredients...
1 vote Thank Flag Link Mon Sep 2, 2013
In the Cloquet Mn Area all most all homes are being over priced to the point where so many are sitting on the open market playing the price reduction game.
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This only hurts motivated sellers that have to sell and it hurts agents who are not getting paid a commission for there time.
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I never understood how so many people can think so many people are out there spending and spending when the economy still shows our national debit is growing today or tomorrow it will hit 17 trillion dollars. Point being nothing is a safe bet anymore.
Flag Fri Sep 13, 2013
Buyer's Market is gone - Spring market is hot and Seller's are enjoying more control. Expectation is, get your home now - before prices go any higher.
1 vote Thank Flag Link Sun Apr 14, 2013
Again depends where you live and who is assessing homes. Over Inflating where I live in the Cloquet Mn area is getting so many houses for sale just sitting there vacant and that turn off's buyers to the point they are not even looking to buy . Plus the job market plays a huge role and that is still not that great here. Plus add the debit in the USA and problems begin to happen where buyers are being very careful about how they spend money again.
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If they keep the interest rates low while these over inflated prices are going on buyers will hold out and but pressure on sellers to come back to earth.
Flag Fri Sep 13, 2013
You should gather from the information provided that we are presently in a changing market. Even though there are areas that have passed from a buyer's to a seller's market, there are still some locations in which the market still favors he buyer.

With this said, a meeting with a local real estate professional should provide you with the specifics you require in order to be informed about your target location.

Good luck,

Bill
0 votes Thank Flag Link Sun Apr 14, 2013
It is a great time for everyone involved...then again it depends when you got in to your last home and what you paid for it. Generally, prices are going higher due to low inventory and interest rates are remaining low. This is a win-win...a few years ago we were in a strong buyer's market, but the scales are beginning to balance and tip!

Good luck!
0 votes Thank Flag Link Sun Apr 14, 2013
The market is moving slowly away from a buyer's market. Currently there is about 13 months worth of homes on the market in Winslow & Gloucester Townships. This is a drop from about 16 months worth of homes just a couple of months ago. The way the trend is moving and the way the media is jumping on the statistics, the number of available homes will start be decline drastically.
Web Reference: http://www.iwaniw.com
0 votes Thank Flag Link Sun Apr 14, 2013
Still a buyers market in some ways, but not for long. Home prices are on the rise which is good for sellers. Interest rates are still low which is good for buyers. Both have advantages just in different ways.
0 votes Thank Flag Link Sun Apr 14, 2013
If you are handy and don't mind a fixer upper, than you can have your pick in some areas. However, if you are selling and have a beautiful, clean, updated, competitvely priced home, you will have multiple offers.
0 votes Thank Flag Link Sun Apr 14, 2013
At this point of time yes but not for long prices are going up
0 votes Thank Flag Link Sun Apr 14, 2013
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