My Real Estate Blog

March 13th, 2007 9:10 AM
 Tuesday, March 13, 2007: It is almost the middle of March and the Spring market is coming fast. So far this year, the market has corrected itself to be a more balanced market - neither an extreme seller's or buyer's market - which is great news for sellers and buyers. THe prices seem to have leveled off so far in 2007. Buying and selling a home is a big financial investment and should be carefully thought out. Instead, for the past five years, we have had an insane frenzy. I got into real estate in 1992, when the market had taken a downward fall from the peak of 1989. It was a sane market. Homes were on the market for 3 to 4 months. The homes in great shape sold within 60 days and for a great price - rewarding the sellers for their investment. Today, buyers can choose their home wisely and the sellers, that are on top of the market, will win. Well maintained homes are selling in a 45 to 60 day time. Buyers are feeling more secure with the market - which they should. The inventory has not skyrocketed like last year. If you have any thoughts on this, let me know. Can't wait for the flowers to bloom.

Posted by Angela Mitchell on March 13th, 2007 9:10 AMPost a Comment (0)

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