12/7/2018 1 Comment
December OHT News
It's a fun time of work as we end the year. Did you read our December thoughts?! Or see our latest video on the market? You should. ;)
"It has been an interesting year. Honestly, I’m happy it is coming to an end. The 2018 housing market was a TOTAL sellers market. If you were a seller it was a great year. That is, if you weren’t also turning around and needing to buy something else. I wrote about this throughout the year: it has been no fun for buyers in most of 2018. Low inventory and demand caused home values to increase, even 10% in some areas. Buyers had few homes to choose from and often faced multiple offers and many, many times the offer wasn’t accepted. So: adios 2018!!
The past two months have seen a slight slow down in the pace of the “sellers market.” (Check our social media for updated market notes)*
Yay! There’s more inventory for buyers and we’re not seeing homes garner multiple offers on day one. The competition is slowing out there, just a bit. It’s still a sellers market (less than 6 month inventory) and it’s surely a good time to sell a home out there, but we’re not experiencing the craze about homes on the market. Whew. IT was crazy!"
So what’s to come?? Well, I’m really excited about 2019! Read On Here!
5/9/2023 11:37:47 am
Thank yoou for writing this
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