If buyer demand outpaces the current supply of existing homes for sale, prices will continue to appreciate. Nothing nefarious is taking place. It is simply the theory of supply & demand working as it should.
With residential home prices continuing to appreciate at levels above historic norms, some are questioning if we are heading toward another housing bubble (and subsequent burst) like the one we experienced in 2006-2008.
Waiting until the spring to list your house for sale made sense in the past. This year is different. The best deal is probably available right now.
Buyers are out in force, and there has never been a better time to move-up to a premium or luxury home. If you are considering selling your home and moving up, let’s discuss the conditions in our area.