New construction has been moving higher but will that continue to be the case?
While the housing market is showing signs of increasing in terms of the number of transactions, it still remains a strong buyer’s market. What this means is that inventory—the number of homes currently listed—is quite high and that gives buyers more choices. More choices mean more competition for the sale which, in turn, pushes prices down.
What is good news for buyers is inevitably bad news for sellers. Homes are taking longer to sell and prices are lower than in years past.
Even still, the right combination of strategy and execution will still get homes sold in today’s market. This underscores the need for sellers to bring in professional assistance. For Sale by Owner properties are finding it tougher and tougher to get the kind of exposure and promotion their properties need.
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