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March 20th, 2018 11:04 AM

Barbara’s Blog:

According to Realtor Magazine and an analysis done by two Florida Universities, home prices in most U.S. housing markets are reaching their peak, but they say there is no need to fear a repeat housing bust.  Throughout most of the country, home prices have been rising steadily since 2012, but there are signs that the increases may be starting to slow.

Housing markets in general are slowing, which is good news, because in 2007 the prices continued to rise until they reached the brink, thereby causing the bubble to burst.  So rather than a crash, the anticipation is that slower growth in prices will be accompanied by longer marketing times for sellers and increasing inventories.  This competition combined with an increase in new construction, will bring prices downward a bit, and homes will become more affordable for many. 

We are already seeing this happen in local areas, where more homes are on the market now than in the past three years.  What was a seller’s market, is now trending over to a buyer’s market and there will be many more choices to a buyer before a final decision is made.  Sellers need to prepare to adjust their prices accordingly and find ways to stand out from the competition.

Location, upgrades, condition and price are what controls the length of time a home is on the market.  Be sure to consider all of these and the competition before listing a home for sale.

Written by Barbara Doeringer

Posted in:Real Estate
Posted by Allen Doeringer on March 20th, 2018 11:04 AMPost a Comment

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