Not only is this a competitive market, but it’s becoming an emotional one. The market update shows increases in appreciation year over year and month over month are drastic. Buyers are risking paying possibly $35,000 more for their dream home if they wait even a month.
Offers are becoming even more competitive by limiting inspections, foregoing contingencies, paying cash for appraisal gaps, etc. It is a sellers’ market but buyers beware of waiting too long. Based on supply and demand, the much-speculated “bubble” isn’t likely to pop or even be a bubble at all. Demand and prices are projected to continue surging.
Contact the Corken + Company team today to get into the market!
Read the full market update: dmarealtors.com
