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Market Conditions in Wauwatosa : Real Estate Advice

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Activity 2
Thu Sep 9, 2010
Tom McCormick answered:
Ehoelsy - The trend for the past 18 -24 months is longer market times and lower prices. However, that is the overall market trend and every property is unique. We base all these analyses on averages, medians, etc. Averages are just that, an average of highs and lows. So some properties are selling significantly faster than others, and some are selling at higher prices than others, based on the individual property! Don't assume that the trend applies to your property until you talk to someone who can provide an analysis of YOUR property, taking into account the unique advantages and disadvantages of its location, amenities, etc. All that said, it is a better time to be buying than selling, for sure. I do know there are some lenders who are very flexible with loan products to make purchases work for buyers, as long as they aren't selling to the secondary market (fannie/freddie/FHA). Hope this helps! ... more
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