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It's a Market, again!

And how!

The $200,000 and under market has exploded in the past month -- I mean, like the best of the old days!  We sold six houses in five days, last week -- three of them had just gone on the market and two of them were for MORE than the asking price.

Why the sudden surge?  Pent up demand, people believing that the economy really IS picking back up, a very tight rental market (bringing rental investors into the mix) and low interest rates are likely the major reasons.

Once you get above $200,000, you're no longer competing with investors which means there are still plenty of bargains in those categories.

It's important to understand that a lot of the $300,000 to $800,000 crowd have been taken out of the market -- because of reduced or non-existent equity, they're not selling their houses, nor are they in the market to buy.  This means reduced inventory which, when the right buyer comes along, gives informed Sellers a bit of a negotiating advantage.
 
Overall, though, it's still a buyer's market to be sure -- but the important thing is, it's becoming a real market, again!  If you need further advice, always feel free to call!

                                             Jack

hey, check out the cool links to the right, here.  The NEWS LINKS have all kinds of wonderful brain candy.  And, of course, the Lakes Map (search by lake, updated every day!) and the general search tool for the whole market are right down below, here.