How's The Market?
How's the market? I hear it all the time. I'm glad people ask me, it means they trust my opinion. That picture over there is me smiling every time someone asks me about Real Estate ---- so keep on asking. The answer to that question, at least in the area where I live and help people buy and sell homes, is almost always "Great".
However, I don't stop there, because I want to know what people mean by "... how is the market...".
If you bought a home two months ago, did nothing to it and want to sell it now ---- you'll probably think the market is "bad". Is it? The situation isn't the best, that's for sure. I can think of a few solutions to that predicament, but that's a discussion for another day.
So how do you know if the housing market in your town or neighborhood is good or bad? Talk to an expert. Call a Realtor you trust and ask them about trends they are seeing.
I often see stats published in newspapers claiming the market, or a niche in the market, is " ... 5% down ..." or "... up by 2.5% ....". While having statistical information is good to have, you need a professional to explain what it really means.
How is the market in the 717 area code? It's GREAT. Ha!