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Tuesday, June 18, 2013

Changing Market

It's been quite a while since my last post, and the real estate market has undergone some changes over the past few months.  In the Evansville area, the real estate market has been picking up! Our inventory, like much of the rest of the country, has continued to stay very low which has helped to drive demand up.  In many areas across the country, some properties have begun to receive an extremely high amount of multiple offers.  While we haven't seen multiple offer situations to the degree that other markets have seen, it is becoming more common to receive multiple offers on properties in recent weeks.

This growing demand seems to be good news! The demand created from low inventory has resulted in increased home sales in our area, even though our inventory remains low.  With increased home purchases, we have even seen home mortgage rates start to creep back up, although they still remain extremely low historically.  Now is a great time to buy or sell a home! If you, or anyone you know, has been thinking of making a move, I'd be happy to help in any way I can!