How’s the Market?

What’s the market like?  It really depends what price range you are looking in; for instance there is a 8 month supply of homes in the $750,000-1,000,000 price range and 1.3 month supply of homes in the under $350,000 price range…depending upon which area you are looking in the Clark County WA. area.  On a national level, Matthew Gardner, an economist is expecting existing homes sales for 2018 to increase by 3.7% with a price increase of 4.4%; but that should not lead you to believe that the market for your home will follow this trend.  It is best to do a thorough market analysis to see what homes similar to yours have been selling for and what is currently on the  market, then set your expectations accordingly.  The RMLS has significant historical and other information about each sale that most likely is not available on Zillow or Redfin, and can assist you in getting the correct price of your home.  Such things as total time on market, seller concessions, pricing history, etc.

Posted on January 15, 2018 at 11:09 am
Matthew Morris | Category: Real Estate | Tagged ,