Good Monday Morning!
At a recent Real Estate conference that I attended in Seattle, I was talking with some top agents and we were discussing the current national Real Estate market. It seems that just about every Real Estate market in the country is currently somewhat similar to the one we are experiencing in Eugene and Springfield. There is a low inventory of homes for sale and high demand. Many of us have been in the business for quite a few years and we all agreed that none of use have experienced a housing market like the one we have today. We also all agreed that this current market will be short lived.
The reason that I bring this up is that we may not see a market where homesellers have the kind of edge that they have right now for many years. We may never see this kind of market again in our life times. We have jumped out of the recessed housing market and for the most part home values are at or near pre-recession values in Eugene and Springfield. With high buyer demand, I am seeing many homes sell in a matter of days at or above full price. When multiple offers become the rule and not the exception, you know that we have an extremely strong sellers market right now.
If you are thinking about selling your home in the near future, my advice is act quickly. Take advantage of this market, because it won’t be here for long. Right now is your opportunity to cash in at top market value. When this market does change it will most likely come without warning. The inventory of homes for sale will gradually build as buyer demand begins to fade. With less demand and more homes on the market, prices will soften and then begin a slow decline. The timing for this is anyone’s guess, but it is on the horizon.
If you would like to talk about selling your home in this market, call me and I can give you information on your homes current value and go over the many options that you might have.
Have An Awesome Week!
THIS WEEKS HOT HOME LISTING!
3757 Westleigh St
Price: $185,000 Beds: 4 Baths: 2 Sq Ft: 1645
Great townhouse! Townhouse with garage and yard. Four bedrooms and 2 bathrooms. Large kitchen, window shelves and seating. Fenced patio. Located one block from shops, school, park….
View Home for Sale >>