IS WINTER REALLY THE BEST TIME TO BUY?
Good news for central Ohio. The number of listings are still falling, 13,859 as of Dec 5, 2011. That's down from almost 20,000 in 2008. That's 31% fewer listings with which to compete. Here's a truism you can take to the bank... or to a safe place. The fewer the number of units for sale, the better the price they will bring. We are not down to the "normal" level of 10,500 but we're a sight better than we have been and a whole lot better than most places around the state. Winter is always the best time to sell because the inventory is at its lowest point of the year. Don't wait until March or April if you need those extra dollars! Buyers, do not be concerned about not being able to steal a house right now. The low interest rates offered now will far outweigh the benefit of a lower price in spring. I'm not guaranteeing interest will go up in the spring, but everybody knows it will go up... it's just when? Making good decisions is not hard when you have good information. Connect with an agent who knows the market!