It still amazes me when I am out around clients & customers who are telling me that the market is still so bad. As a Real Estate Agent it is part of our responsibility to educate the consumer on truly how the market is presently doing. So if you are wondering if now is a good time to put your home on the market, or purchase your first home or if you are a move up buyer, here are the facts comparing 2011 & 2012 in the Alexandria area.
New Listings - up 0.7%
Pending Sales - up 26.1%
Closed Sales - up 28.8%
Days on Market - down 8.3%
Months Supply of Inventory - down 29.7%
So now to answer your question is this a good time to buy or sell your home. Take a look at the numbers, now is a great time! We are now in a more balanced market, buyers still have historically low interest rates and sellers are seeing their homes sell quicker and closer to list price. We are no longer seeing buyers "low balling offers" or buyers "stealing" homes. We are seeing more multiple offers and offers closer to asking price.
With inventory down, this may be the opportunity you as a seller have been waiting for. If you would like further information, please feel free to contact me anytime.
