The good news for sellers is that the inventory of homes for sale in our region is at a 4 year low.  This has led to prices stabililizing across our region.  Buyers are experiencing a radically different atmosphere than just a few months ago....multiple offers on properties and many times sales price over the list price!

The key to this is that banks are holding onto foreclosed homes.  In some cases, they are renting homes out or keeping them vacant.  Banks have learned that dumping a flood of inventory on to the market will only drive prices further so they have designed strategies to keep the homes off the market until conditions turn around for them.

The other good news for sellers is that most bank homes are in very poor condition which prevents many first time homebuyers from being able to buy them.  This means that a seller with a home in good condition will have buyers come to his home instead of the competition!

Obviously, if you have been waiting to put your home on the market, now is the time!  Call us immediately!