What's Up with the Housing Market?

The housing market has been giving off mixed signals lately, mostly favoring buyers over sellers. November saw sales fall 21 percent and there was mounting evidence of at least intermittent declines in home values.

Inventory is key for sellers – November saw a 4.4 percent decline in the number of homes for sale compared with October, marking the first inventory decline from one month to the next since February of 2005, with listings continuing to erode somewhat

There will always be demand for homes that are priced right. Ensure that when working with your REALTOR on the listing side; pay particular attention to your CMA, and the price at which your home will hit the market. On the buy side, your REALTOR should have a good feel for what buyers are saying “yes” to in the market for comparable homes, which will aid you in making a strong offer.