How's The Market?

Probably the most common question I am asked when I tell someone I am a Realtor is "How's the Market?" While market conditions vary widely based on local conditions, I feel it is important to understand the national market too. I think it is especially important for sellers to understand the national market.

 As a seller your primary goal is to find a qualified buyer for your home. In order to find a buyer, you need to think like a buyer. Unless a buyer has been working with an agent and looking for a while, their most likely source of information regarding the housing market is the media. The media primarily reports national statistics.

So what's happening nationally in the Real Estate market? The most recent statistics reported by the National Association of Realtor's show that overall, sales, prices and inventory are up and distressed sales are down!  Look for more information to come regarding regional and local statistics in future posts.