April Market Update
Housing Market is in a gross under supply-Sellers Market!!!!
The market continues to be in an under-supply of available listings making it very tough for buyers with almost every property having multiple offers and being bid to or over list price. In the market update below the statistics are begining to bear this out.
In a market where the Realtor's are passing keys from hand to hand at available listings, writing contracts on the hoods of cars, and listings are lasting mere hours, it is very reminiscent of 2004. The major difference is our starting point. Yes the market is going up rapidly but we started at somewhere around 35% of the high market value and roughly 70% of where we would have been now if the bubble had never existed. Expect appraisal and financing problems to slow the rapid growth but if you CAN buy or sell, Now is the TIME!