Friday, October 20, 2017

A Slowing Market is a Healthy Market

September 9, 2010 by  
Filed under Buying Real Estate, Selling Real Estate

There has been a lot of talk in the market place lately about a slowing real estate market relative to year ago. This is based on a decline in the number of house sales which has given people the wrong impression. The general perception seems to that a slowing market is a bad thing, but is it?

On the contrary, a slowing market is a great thing for buyers!

In my opinion, this slowdown means that the real estate market is returning to a healthier state. It means that the potential for competition at the table when making offers should be less. Assuming that there is enough product on the market, this means that in most cases buyers won’t be faced with paying above asking price for the property.

As we move into the fall market, the number of new listings should increase also helping to reduce competition among buyers resulting in more palatable purchase prices relative to the first four months of 2010.

Buyers, if you are looking to get into the market September 2010 would be a great time!

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