If you watch or listen to the news, all you are likely to hear about with regard to the housing market, is Market Crash, Market Correction, Housing Crisis, etc. It’s an over-simplification but if we look at the actual data, 2019 (yes, all 12 months) looks very much like 2017 & 2018. Don’t let all the naysayers or doomsdayers tell you how awful the market is. It’s not! Are we still appreciating? YES! Are days on market higher? Not really! But, there is no doubt that the buyer pool has cooled, somewhat. My hunch is that prospective buyers watch the news, too. And, they think the market is tanking and are waiting for the market to drop before making a purchase. Well, good luck, buyers. The market is not tanking, the economy is booming and the all important interest rates (affordability) can’t stay this low forever. Of course, that impacts a sellers ability to sell also. It appears that we are in a perfect buyer, seller market with no distinct advantage to either party. Thus, a neutral market with limited inventory but with buyers pulling back based on, wait for it……. ‘the news’, not reality.
Disclaimer: Of course this is a hyper-local sampling and may not be 100% reflective of the entire market. But, if own in Brunner Farm, breathe easy, this data is a leading indicator for your neighborhood. All in our opinion, of course.
Thinking of selling! Please fill out the form to the right (sidebar) and we’ll give you an honest pricing evaluation without any pressure. Just helpful info.