Buyers Market

If you haven't heard yet, it IS a buyers market! :) With over 100,000 homes on the market currently sellers are very motivated to make a deal! The addition of so many foreclosures have put actual home "sellers" in a tough position this year. As the number of homes listed for sale decrease, the sellers will once again be in a better position to hold out for a higher price and better terms. There has already been a slight decrease in the number of listed homes during the past two month.
If this trend continues at this rate, we will be in a position to have our markets return to a more even playing field come spring.

What does all of this mean? It means, if you are thinking about buying a home, now is the time. You will have plenty of homes to chose from, and will still be in the "drivers seat" during negotiations. Don't let this market slump pass you by without taking your peice of the pie. Interest rates are still low making your monthly payments easy to handle.

Susan Snead