Are We Back to A Seller's Market?

Could be...I see the signs. I know many of us thought we would never see one again after 2008. But now, six years later, the combination of the lowest inventory in 13 years coupled with incredibly low interest rates, is stirring up a very early Spring market that is already seeing multiple offers in our neighborhood. End-of-groups are flying off the shelf within 2-3 days, and homes that are completely renovated with 2 bathrooms are equally as coveted. Right now our inventory is half of what it usually is for this time of year. It has stayed consistently low since last summer. What does this mean for the market? It means that prices will be moving back up. I already know of one house that was listed for sale last year at $299K and the sellers took it off the market when they couldn't get their price. They just re-listed it for almost $325K and it was under contract in one day.

If you were ever waiting for just the right market conditions to sell your home--the time would be now.