By Brooke Wolford
Most have us have been hearing lately that prices have hit bottom. If you are like me, you are almost scared to say it. I say it quietly, so if I am wrong, maybe nobody will hear me.
Many of us have been nervous to say anything. Looking back over the past several years, how many times did we hear “it will happen”? Then some statistic would come out that would shoot that idea completely out of the water.
What I can say is this: My average sale price in 2011 was around $90K. I had many buyers looking at homes in this general price range. I still do in 2012. What is different in my market this year is that I have hardly any inventory to show them. Just today I looked on behalf of a client seeking a single family home under $100K. In the city they were looking, only six out of 42 listings were not pending or contingent. If you are lucky enough to get your clients to offer on one of the few properties left, you end up in multiple offers.
I am a believer in numbers. To me, they do not lie. In my four years as an agent, I have never seen it like this. I can’t speak for every market, but I am feelin’ it here in Minneapolis/St. Paul.
If the conditions are similar in your market, get the word out. It’s time to sell! The time has never been better to go after those listings. Please! I need some more houses to show my buyers!
Brooke Wolford is a real estate practitioner with Coldwell Banker Burnet in Woodbury, Minn. Follow her blog at adventuresinrookierealestate.com.