Wow - here we are again... another Shift!!! Some areas are getting hit pretty hard with some extreme drops in prices.... Has it become a buyers market... NOT quite yet!!!
We are still seeing a slight sellers market, however with the rising inventory levels.... Sellers need to come back to reality and start pricing their homes more comptetively. We are still seeing an abundance of overpriced homes in the valley. Hopefully the listing agents out there counsel their sellers to get their homes priced more effectively.
approx 6700 single family homes are on the market today.... WOW - remember when it was only 3000.
Why the shift!!!! rising inv levels, over priced homes, investor pull out (good rate of return gone)... We are seeing more buyer acceptances and having a rockin month so far in sales.
If you are a seller considering selling... Dont chase the market - There are still motivated buyers out there that need to buy homes here !!!
If you are a buyer - now is the time to buy!!! regardless of cash or loan!!!
Author:Zachary Dickmeyer Phone: 702-524-8186 Dated: October 12th 2013 Views: 4,005 About Zachary: ...
About Keller Williams Marketplace - Brenkus Realty Network
Rick and Teri Have been top producers for over 30 years in the Southern Nevada and have been ranked in the top 50 agents in the US by the Wall Street Journal out of over 1.3 million agents. They have sold over 7,000 homes in both stable and challenging markets. Their strategies and incredible systems to represent buyers and sellers can not be matched! Sellers enjoy netting top dollar in the least amount of time with their massive marketing and ability to stay ahead of the curve! This Top Producing Team has consistently been in the top 1% of agents Nationally for the last 30 years. They are national speakers and are highly sought after by many who want to get to the next level in their business. They also serve on Professional Standards at the Greater Las Vegas Association of Realtors and are Senior Faculty Instructors. Their list of credentials are endless!
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