There’s no question that mixed signals are still being sent, and no wonder that confusion is the result. The public still hears media accounts about foreclosed properties, short sales and homes that remain unsold. It’s important though to listen carefully to the words when you hear stories like this. Are they talking about just this local market?…or have they rolled the entire real estate market into one, which is usually the case. The truth is, the market can be wildly different depending on where you live. It’s more than just being confined to each state or even a city. Every neighborhood within each township has a different market. So when someone asks me “How’s the market?”, my response now is “Where do you live?”. Just my attempt to reshape the consciousness.
From my vantage point, the market is very active now with lots of sales. For the last year or two, sales were centered around low to medium priced properties. But now, higher priced homes are selling too. So to me, everything is saying the slow market is over. Water under the bridge. Time will tell, but there should be even more momentum coming. Lot’s of people have wanted to move but couldn’t the last few years. Pent-up demand will find it’s way into the flow.
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