How Does Our Market Currently Look?

Matt Fetick Keller Williams Real Estate Podcast

We’ve been getting asked about the market a lot lately. We’ve got some advice to share with you today whether you are thinking of buying or selling.

I often get asked about the current status of the market, so I wanted to dive deeper into that topic today. As you know, 2016 ended with a bang. Nearly every community in our region posted a higher sales volume and higher average price in 2016 than they did in 2015. The question is, “Where are they headed now?”

Keep in mind that when talking about real estate, we are always in a cycle. In 2008, we saw prices bottom out. Since then, they’ve been going up. They are still going up now, but how do we know when we’ve reached the peak? The truth is that we don’t know and we won’t know until prices start coming down. On the other hand, we don't know we’ve bottomed out until prices start going up.

We won’t know we’ve peaked until we start declining.

As you can see, it’s nearly impossible to time the market. If you’re thinking about selling your home and wondering if you should wait longer, you should know that. Even those of us that study it for a living can’t time it. The best thing you can do is find the middle ground where the market is either slightly going up or slightly going down. Those small, fractional changes won’t affect your bottom line significantly.

The question for sellers is if we can get the best price for your home. The question for buyers is if you can make sure you don’t overpay at the peak of the market. To answer these questions, you need one of our team members to sit down with you and talk about the specifics regarding your sale or purchase.

We need to look at all the things important to you, including interest rates, the condition of your home, and more so that we can determine whether now is a great time for you to buy or sell.

We are never here to push you towards buying or selling. Our goal is to give our consultation services to you and help you make the right decision. We want you to be a client for life and we don’t want you to miss any great opportunities.

If you have any questions for us or if you’re thinking about buying or selling, we would love to hear from you. Just give us a call or send us an email.