Fall Real Estate Market Slow Down?

The rumors are true-As the Star Tribune recently reported, home sales in our local market have fallen for the last two months. Are we seeing a seasonal shift or a true shift in the market? Given what we know to be true about our local market as well as the real estate market in most areas, the fall does bring a different type of buyer and sometimes a bit of a “balancing act” to many segments of the market. How will this affect YOUR plans to make a move in 2017? Does this perceived slow down affect all homes in all areas and at all price points?
As I mentioned, the fall market often brings out a different type of buyer. Many are the patient buyers who were unable to secure a property during the stampede that often occurs in the spring market. Many of them are the “I don’t have to move, but I want to move” type that are just waiting for the right property at the right price, and they are willing to wait. That said, we also have the “we are about to have our third child and we don’t have enough bedrooms” buyers that are going to feel pressured to purchase this fall, as they have not yet found “the one,” and are certainly noting the lack of inventory that is still a problem in many areas and price points.
What about YOUR move? Is YOUR buyer out there this fall? Well, yes, I believe so! There is always a buyer for a home that is positioned well in the market (meaning staged, beautified and move in ready) and priced right (meaning within the range of being the best compared to your competition). Each price range and area has different competition this fall, and it is imperative that we dig into YOUR neighborhood, competition and home features before we decide if fall 2017 is your best time to sell. We have sold homes over $450,000 in a day or two, as well as homes around $200,000 in a weekend-positoned to sell and priced right. We can help you to evaluate your competition and readiness so that you can make the move you want when it makes the most sense to you. Give us a call to schedule your free prelisting consultation today, so we can help you plan your perfect move!

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