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Is the Market Cooling Off? Should I be Worried?

CityPulse

Sponsored Content Dec 04, 2018.

Articles For Joe Vitale in East Lansing, MI

Yes, in fact the market is cooling off, or as I would rather suggest, “balancing out.” This re-balancing means we are entering a market that doesn’t necessarily favor a seller or buyer. We have experienced such a strong sellers’ market that a reduced demand from buyers is creating both more inventory and longer days on the market.It’s important to remember that investing in real estate needs to be approached with a long-term outlook. Market appreciation moving forward can be expected to be more even. It is likely that we have seen the increased/rapid appreciation from the market crash in 2008 now begin to stabilize.In looking at the overall North American market data, single-family luxury home prices have fallen as much as 5% from one month to the next.The buyers and sellers who are represented by agents who understand these variables and remain agile, innovative and adaptable to the local market influences. They will continue to make solid investments and sell their home at fair market value prices.Rather than say cooling off or getting worried, let’s focus on a change from Great to Good.  As always, please feel free to contact me for further information on selling your house in this season.
Joe Vitale
Joe Vitale

Joe Vitale

Coldwell Banker Hubbell BriarWood

(517) 712-4500
830 W Lake Lansing Rd Suite 210
East Lansing, MI 48823

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