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Welcome! A touch stone for things related to real estate...or whatever happens to float through the mind of the Realtor on point. Here you will find important information, irrelevant information, tidbits intended to ease the way for greater joy, well, you just never know what you will find on this Blog. Just scroll through all the little bits that have been shared over time and see if anything at all grabs your interest. If don't see just what you're looking for right this minute, I hope you will stop back by because you just never know what the next post will be!

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Sunday, February 28, 2010

Why Is Your House Still On The Market?

This is the question at the top of many homeowners' minds right now. Why has my home not sold? There could be any number of answers for this question, but it likely has to do with a similar thread of concern to many people. It used to be safe to say it was either price, condition, or location. These days, while having a home in good condition in a good location is a big plus, price is the chief concern. The economic indicators are showing, though, that the market is swinging ever so slowly and gently into a more balanced market. This means we are seeing signs of the market moving away from being such an extreme buyer's market into a more balanced buyer/seller market. What tips us off to this condition? When the amount of inventory that is available is coming closer to 6 months worth of inventory rather than the 8,11,and 16 months of inventory we have had these past few years. Are we out of the woods yet? NO! Sorry, all you wonderful homeowners who are hoping for a different answer. We still need to have a little more patience in this regard. HOWEVER, this is still a great time to buy property. Interest rates are still fantastic. Prices on homes are lower than we've seen for many years. There are wonderful properties available. For people who are wanting to sell, this is a perfectly fine time to get things going. For people who are wanting to buy, this is still an amazing time to do so. If you want a more personalized approach to how YOU can best maneuver in this market please feel free to get in touch with me Kay Russell at Keller Williams Fox Valley Realty 630-513-3810. http://GoRussellRealtor.com for more information plus more interesting links