If you are not active in the real estate market, you might have missed something kind of big. It is not a buyer's market if you are trying to buy a home under $200,000. It is rare to find a home that has not gotten multiple offers or sold immediately if priced right.
We have about a 4 1/2 months supply of homes on the market in the Ashland, Medford area. A six months supply is an average market. More than that is a seller's market and less than that a buyer's market. This is the average. If you are a buyer right now in this price range, you already know this. How many homes have you written an offer on and did not "win"?
Also I am finding that many time the offer is for over the listed price!! It is almost like 2004-2005 in this price range.
Sorry to say, though, once you get over $300,000, this all changes....and if you are over $500,000...Well it is not much different than 2008.
The time to buy was 6 months ago. Sorry all of you that were waiting for the bottom. You missed it if you were looking under $200,000.
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