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Expert Tips for Navigating the Real Estate Market

My mission at Treu Group Real Estate is to be your best resource for real estate advice. Whether you are a buyer, seller, or investor, I can answer any questions you might have about real estate. Subscribe to this blog to get the latest news on local market trends and receive expert tips for buying or selling a home.

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Right now, we have 4.5 months of inventory, putting us in a strong seller’s market. If you’re thinking of selling, this is the perfect time. If you price it right, have the right condition and perfect marketing, you are going to win. You might even get multiple offers.

In the market of homes listed $400,000 and below, the average days on the market is 33 days or less.

As for the $400,000 - $600,000 price range, those homes are selling in an average of 52 days and homes listed from $600,000 - $1 million are selling in an average of 95 days.

What does this mean for buyers in a seller’s market? It means you need an agent on your side who can educate you about the buying process, be on your side during negotiations, and make sure you get a fair deal on a home.

Here’s one interesting thing we saw. In July, there was a 16% increase in foreclosures. After 10 months of previous decline, this is an interesting development. We’ll keep an eye on the situation to see if it’s just an anomaly, or something that could develop into a trend.

If you have any questions for us, feel free to give us a call or send us an email. We look forward to working with you.

Click here to view all of the stats we mention in this view: