What Does A Broker's Market Mean?
Everyone we meet is asking – how is the market?
The buyers hope that the market reached it’s peak and we are seeing the beginning of a crash. Prices are so high that down is the only way to go. The sellers, on the other hand, believe that we are still in a strong seller’s market and expect multiple offers and bidding wars regardless of the condition and pricing of the home.
Both sides are right! Each city and even different neighborhoods react to market shifts in their own way. Some analysts say that we are in a broker's market. What is a broker's market?
It is defined by the need of the in-depth knowledge of the communities and their recent sales history to decipher the home pricing. Daily interactions with buyers and seller provide us with unique experience of how both sides negotiate to derive the property values and set the prices.
If you are thinking about buying, selling or investing in real estate this year – use your broker as the knowledge base. Let us bring the statistics, the data and the expertise to empower you to find the best values and to make the best possible decisions.
Elena & Michael Talis