What does our stabilizing market mean for buyers?
As noted in both local newspapers our Bradenton - Sarasota real estate market is showing signs of stabilization and improvement.
That's good news for sellers who have wondered just how far home prices would decline. It seems that we now know the answer. Home prices have fallen about 18 percent from the high of 2005 and now seem to be holding steady. It appears that we have already hit the bottom.
What does this mean for buyers? It means that TODAY is the best time to buy. Not next month, not next week, but today.
Sue Louis, regional senior vice president for Coldwell Banker Residential Real Estate Inc., agreed, predicting something home sellers have not seen much during 2006. "Be prepared to pay a price that may not be as low as you'd hoped, but that just might be your last opportunity because we are beginning to see multiple offers on appropriately priced homes."
Read the Herald Tribune article: Pulse of home sales strengthens
http://tinyurl.com/2eoal9
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Bradenton Real Estate
That's good news for sellers who have wondered just how far home prices would decline. It seems that we now know the answer. Home prices have fallen about 18 percent from the high of 2005 and now seem to be holding steady. It appears that we have already hit the bottom.
What does this mean for buyers? It means that TODAY is the best time to buy. Not next month, not next week, but today.
Sue Louis, regional senior vice president for Coldwell Banker Residential Real Estate Inc., agreed, predicting something home sellers have not seen much during 2006. "Be prepared to pay a price that may not be as low as you'd hoped, but that just might be your last opportunity because we are beginning to see multiple offers on appropriately priced homes."
Read the Herald Tribune article: Pulse of home sales strengthens
http://tinyurl.com/2eoal9
=====================
Bradenton Real Estate
posted by Dan Forbes at
6:32 PM
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