One month into 2015 buyers are busily looking for homes while sellers are still getting their homes ready for market. So, for my monthly market update, there is no real action yet but it’s coming. The number of homes available to choose from is still really low and we are all just waiting. Guess it’s a normal January market. How about some predictions about this year and next?
**If you are a buyer. Expect more homes to come on the market in February and March. You can also expect other active buyers to move quickly to secure the good ones. If you know what you want and it comes on the market be aggressive and get it before someone else does. I expect this to be another year of competitive bidding for good homes.
**If you are a seller. I think this will be the last really strong year of this expansion cycle. My expectation is that there will be price appreciation in 2016 but less demand. So, if you are a seller with a home that is on a busy street, backing to a retail center, Mopac or some other site issue, your home is going to be the most impacted by less demand. If you are having thoughts about selling in the next 5 years, now is a good time for us to chat.
Also, I just want to say thanks to all of you who voted for me in the Top 15 Agents in Austin poll. Your support means a lot to me and it was a lot of fun getting to email with you guys so fast. If all you got out of me was a thanks – please know I wanted to say much more. I was just managing a lot of emails and if you know me well, you know I like to respond quickly when possible.
Off we go to a fantastic 2015!
If you or someone you know is having any thoughts of buying or selling, let me know, I’m always happy to help.