As the end of the high summer selling season approaches, many sellers decide not to list until some time in the new year, expecting that they'll make more money by playing a waiting game.
Last week I attended a very high profile real estate conference in Las Vegas, which strongly suggested that a delay strategy might not be the best decision right now!
Here in Iron County we're still seeing very high demand for homes, which might seem to imply that all is well and will continue to be so.
Taking a wider view, however, we can see that things are starting to shift. Consider these headlines (click on them if you wish to read more):
U.S. Home Prices at Least Affordable Level Since Q3 2008.
Sales of new homes sink to an 8-month low even as prices fall.
Chinese Reversing Big U.S. Real Estate Buying Spree That Had Helped Boost Prices.
Southern California home sales crash, a warning sign to the nation.
Just how much all this impacts on our local homes market remains to be seen. The key point, however, is to be aware that things are changing in the wider world and to factor this in to your decision as to when is the best time to sell, bearing in mind that market conditions this summer are still so very favorable here.
Please feel free to contact us for an informal discussion of what are the best options in your individual circumstances.
