Why? couple of quick stats: 183 residential homes (condos, houses, mobile homes) currently on the market…most of which were added in 2019. 253 homes SOLD over the last 12 months…most of which were added the previous year. If you remember anything from economics class it is supply and demand….if supply is low and demand is high the price is….you guessed it…high! This is how I came to my conclusion.
So what does that mean for property buyers/sellers. If you are BUYING you better be prepared to jump on a property you like as soon as it hits the market. This almost means drop what you are doing and go see it (or if you have a good realtor, get them to go video for you). If you are thinking about SELLING, now is the time. Prices are higher than ever and the supply of quality homes is very low.
If you have questions about either side of this discussion, feel free to reach out to me at 205.492.3211 or firstname.lastname@example.org.