Funny, I have been selling real estate here on the Cape for 20+ years, but I have never seen a market like this. The Buyers are out there looking, searching and researching online and yet they are holding back. They are waiting because the media keeps telling them to beware.
The interest rates are still great, first time home buyers are back with the price reductions making homes affordable again and yet the market still isn't what it should be.
Buyer beware. I have been seeing home owners who do not have to sell take their home off the market and others opt to rent instead of sell. The inventory as it decreases will drive prices up again as it always does.
Now is a great time to purchase while you still have the upper hand...wait and who knows what will happen.
