Friday, August 8, 2014

Favorable Numbers

Is the market back?  Are we at the peak?  Should we sell now?

I can't give a definitive answer to any of those questions, but what I can tell you is that going by the measurable numbers and statistics available to us, the real estate market is very healthy.  Just as the national numbers show (see video below), the numbers here locally in Gahanna report the same things.  Mortgage rates are low, home sales are high, sale prices are high, and the days on the market are getting lower and lower as inventory goes down.
If you are looking to sell, now is a good time.  That isn't to say that next spring would be a bad time, but trying to time the market is always a dangerous strategy to getting the most that you can for your home.  If you are in the market to buy, it's becoming more and more important to go through the proper steps to prepare for what could be an extremely quick process.  When you see the one you want, you've got to be ready to buy, there is very little chance to think, you've got to know.

Take care,
Scott Morrison
scottmorrison@kw.com

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