Naturally, Realtors will always say it's a good time to buy! But yes, it actually IS a good time since inventory remains quite high and with the spring market started, more and more properties will come on the market. That will continue to tip the scales in favor of buyers.
There's also the pent-up supply of sellers who have been holding off but are growing tired of waiting for the market to turn in their favor. There are lots of multi-family properties on the market and many of them are short sales...good deals are ripe for the picking.
Rents are continuing to hold strong as many people who went through short sales and foreclosures are now turning to rentals.
Bottom line: I don't see the buyer's market changing for sellers in the Greater Hartford CT area for at least a couple of years.
Please feel free to contact me through my website for assistance.
Lisa Giller, MBA, Realtor
Gillette Real Estate