Real Estate Market Update
Good Monday Morning!
The Real Estate market never rests. Nationally, home sales were down in February after several months of improvement. Locally, we will wait for another week or so to see what the trend looks like. My guess is that our local market has also slowed some. The inventory of homes for sale is beginning to build again after reaching a low of 6.4 months of inventory in January of this year. I don't think there is any question that we have a ways to go before we see any long periods of steady improvement in the housing market both locally and nationally.
If you are considering the sale of your home and you think that you just might wait this out, think again. It will most likely be 7 to 8 years before your home reaches back to the price point it is at today and maybe 15 to 20 years before we see home prices reach where they were at the peak of the market several years ago. Make sure you consider this if you are thinking about selling your home soon.
Have An Awesome Week!
THIS WEEKS HOT HOME LISTING!
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82590 Barbre Rd
Custom Creek Front Oasis! Open floor plan with wonderful views of the creek and mountains. Vaulted ceilings, skylights, gourmet kitchen with Cherry & Hickory cabinets and walk-in pantry, laundry room, master suite with walk-in closet and access to p...
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AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
