Friday, June 8, 2018

Dads, Grads, and Houses

June is often a big jumping in point in real estate. Typically the market sees a bit of an uptick in listing activity in late April and May which translates into buyer activity in late May and June. Well, hear we are on June 8th, sun is setting at 9 o'clock and things feel about the same actually. Inventory remains very tight under $400k, softens up a bit up to $600k, and up above that things turn in favor of buyers rather quickly!

This is HOT (less than 2 months inventory
In our local market, a seller with a home to sell under $400k that plans to move up to $600k; NOW is the time. You will get top dollar on your current house and be able to reasonably negotiate on the purchase of the new one. One of the recurring themes in my 2010 book, 'Don't Panic' was to buy low and sell high and sellers under $400,000 can sell high and above $600,000 they can buy low, well sort of low ;)
This is NOT more than 12 months inventory

This is a great move up opportunity that may evaporate if rates continue the upward march. rate pressure can soften the entry level market so this window of opportunity to sell in a seller's market and buy in a buyer's market at the same time may not last long.

You didn't see that coming... did you?

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