Market Update For Our Sellers

Karen & Todd send our sellers an update on market conditions every two weeks. Here is an excerpt of that e-mail.

We’ve been busy. That’s good news for you and me. The phone and email inquiries have been strong, the showings are up, and we just received three offers today.

Would you believe there is a price point in Livingston County where sellers are receiving multiple offers and for full price? It’s true. Sellers with homes $100,000-$150,000 are experiencing a Seller’s Market. There are more buyers than properties right now in that sub-market of our larger market. So, what does this mean to you? My hope is that we will begin to feel a domino effect throughout the entire market. A buyer purchases a $140,000 home and that seller buys a $225,000 home and that seller buys a $400,000 home…I am cautiously optimistic about the increased activity. When the time supply of inventory of homes starts dipping, I will feel better about pricing leveling off. That has not happened yet.