Good Afternoon Mr. Perez,
One of the most common questions today that many buyers and sellers have is "How's The Market?". There are many ways to look at this market and much will of course depend on what what a person may be looking to do and their own individual situation. For someone currently in the market to purchase there are many good signs with interest rates still remaining low and some good home purchase opportunities. For those buyers the key is to ensure that they are properly prepared and working with a Realtor that can alert them to new listings as they appear, given the number of buyers on the market looking to purchase a home. Part of that preparation is ensuring a buyer has a loan preapproval as that is necessary in making an offer to purchase a home.
When it comes to home sellers, there are many factors there as well to consider, depending on the seller' motivation for selling, how much may be owed on the home, and the timeframe in which to sell. With many qualified buyers currently on the market, most homes when properly priced to reflect current market conditions, they usually are under contract in under 30 days. In many instances, sellers have the opportunity to select from several offers, allowing for them to select the strongest offers.
The market does appear to have stabalized and in some area prices have seen increases due to limited inventory. Does this mean that prices will start climbing at a quick pace, the reality is that no one know what will happen. There are way too many things that can factor into what the future may hold. All that can be convey to either a buyer or seller at this point is that the market is active and moving along.
Should you have any additional questions, please feel free to contact me, 305-772-2521.
RE/MAX Advance Realty