Real Estate like everything else in life, is not very predictable, the only real tool agents have to help determine what the market is doing are looking at the trends & recent sales transactions. These ideas can give us an educated guess as to the direction the market may take. Here in Columbia County, the stats are improving, with more sales, and less days on the market compared to the same period last year.
There are also a number of economic factors that point to a stronger housing market in the coming years. When the market does rebound, demand should outpace supply, thus driving prices up. In the next few months consumers may hold off to see if there will be a change in the administration. However, playing the waiting game could be costly. The best buying opportunities in years are out there right now, and if you hold off too long prices could rise and buying power will diminish. Those great opportunities could slip right through your fingertips.
