Calling all Buyers and Move Up Sellers! The time to take advantage is now. As they say “Strike while the iron is HOT” Each month I run a comprehensive Marketing Report for the Fox Valley Area Primarily. However, I will do them for Oshkosh and Green Bay, Wisconsin Markets as well. The last few months the inventory levels have begun to steadily drop, as the amount of sales and sales prices have continued to increase at a rapid rate.
So what does this all mean? For the last 4-5 years now, we have seen a drought in home sales and even the buyer incentives failed to change the market place. In fact one could argue that the incentives were a complete failure and many sellers suffered even more as a result.
Fast forward to today: We are now moving homes at a rapid pace. Foreclosures are still coming onto the market, but the amounts of them are less and less and are gone in days (not weeks) I myself have written over 25 offers this year and 5 or 6 of them have had multiple bidding wars going on.
Next blog topic: How Win a Bidding War on Every Deal You Write!
The market folks is finally turning around and it’s coming with a vengeance. Many Realtors have never seen anything quite like this. The buyers market is coming to an end, and by fall this area should be looking at a shortage of homes. This means that we are returning back to a sellers market, and Many current sellers are already seeing an increase in their listing and sale prices. And yet the interest rates are at a 3.75% on a 30 year mortgage!
Conclusion: It’s the end of the First Quarter Buyers vs Sellers and the Sellers have just returned an interception for a touchdown taking a 7-0 Lead.
The market is on fire and it’s GREAT for the economy and local businesses. You really couldn’t ask for a better time to get some better deals and get a great interest rate with some Awesome Buying Power!!!!
If you’d like to arrange a time for FREE consultations on buying or selling a home, you can reach out to me at any time. The Coaches Door is Always Open. Send me a Referral and Get a $500 Credit towards the Listing Commissions When You Sell Your Home With Me in The Future.