You might see some headlines about a shift in the real estate market, and how things are more balanced between buyer’s and seller’s.
Those headlines ignore one really important fact: All real estate is LOCAL. By that, I mean there’s no such thing as a “national” real estate market, and what happens in one area can be quite different than what’s happening elsewhere.
That’s certainly the case right now, as the Tri-Cities is once again in a very strong seller’s market — even after there were some signs late last year that things might be changing.
Here’s a look at three important data points from our latest real estate market report — check out this combination of home prices and time spent on market.
For a more detailed look at the current market situation, see my post on CariMcGee.com. As always, we’ll keep our eye on things as the busy home buying/selling season continues.
– Cari McGee