In the past year, inventory has been low across the state and buyers have been abundant in many price ranges. This has made it necessary for buyers to positively position themselves with sellers in multiple offer situations. Buyers had limited time to make purchase decisions and not much leverage to negotiate during the inspection phase.
While inventory in many popular price points is still low, there is a subtle shift in the market and listings are building in price ranges that were lacking inventory. We are now seeing slight pressure on pricing and "days on market" beginning to extend. This appears to be a start of a time lag where we may be shifting away from a "seller's market". If you are motivated to sell, be mindful of your pricing and responsive to your first few weeks on the market. Watch the number of showings, and listen to feedback about your pricing.
Call us with any questions on the nuances of your local market and neighborhood shifts. We can provide the statistical detail for you to make an informed decision about the pricing on your home.