Keeping up with the market changes

Real Estate is never the same two days in a row – there are always new homes being added, others being sold and interest rates changing. Whether you are a buyer or a seller, it is important to look at (and understand) the market changes.

Let’s take a quick look at the market trends for Lake Forest…

market update 9/28

Basically, there are less homes on the market now then there were 6 months ago, and those in the market are staying active for less days. This is pushing the prices back up, causing an onslaught of buyers and dozens of offers on homes like I had last week. For the sellers, this is a definite plus – getting asking price (or higher!) is a very likely option. For buyers, it is a little tougher. Buyers need to expect that they will need to be qualified, have a completely clean offer and willing to pay above asking if they want the home.

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