Here’s what Gary Keller, co-founder and chairman of Keller Williams has to say about the current market:
First, residential real estate is not a national market product — it is a local one. To say from a national position that this is either a good time or a bad time to buy real estate is like saying the national forecast for the U.S. today is 92 degrees — it is a useless and irrelevant perspective. What is happening in your local market is all that matters.
Second, trying to predict when it is a good time to buy, or not, means you’re trying to time the market. Staying on the sidelines is the surest way for most people to never time anything correctly.
Last, and maybe most important — there are always two markets in every market. There is the market of properties that are good buys and there is the market of properties that are not a good buys. Interestingly enough, this is true in either buyer or seller markets. To categorically say that this is the time to buy or not is absolutely ignoring the fact that every market really has two markets inside it.
What does this mean to you? The market is great!
Buyers: There are a lot of homes to choose from in the Spokane area.
Sellers: If your home is currently listed for sale, there are a lot of buyers looking for homes in the Spokane area, and if yours is priced right and it’s competitive in the market, it will find a buyer quickly.
If you’d like more information on the local real estate market in the Spokane area (broken down to the different price ranges even), I would love the chance to share it with you!
Call or email me at any time (509)-844-2181 or donna@exitofspokane.com
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