Prices always seem to come down a bit at this time of year, but activity is still very good.
Current Market Characteristics
- Sellers should catch this wave
Jay’s been a real estate agent since 2004 and has never seen a year with so many multiple offers. There just aren’t enough properties on the market to meet buyer demand. Correctly priced properties get a lot of attention and are selling quickly.
- Prepared buyers win big
Buyers that have their financing lined up and make it a priority to view properties within a few days are those winning the bid. Over half of all offers coming across Jay’s desk this year are ending up dead due mainly to the increase of competing offers.
- Larger parcel sizes are selling
- Prices steady
Read more from First Weber’s Rural Property Pro, Jay Frazier
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