Submitted by: Tom Peterson - Boerne Office
Matt Woolsey of Forbes.com got it right when he said "Homes sales are in a slump, but not everywhere." There are five cities included in his analysis that are still in a seller's market position. Because of lack of room to overbuild or a population influx, many many opportunities for Real Estate success are alive and well, including our own San Antonio and Hill Country areas.
Although many media outlets cast doom and gloom on Real Estate activity nationwide, prices for existing homes are not falling by the mass in our area. Not every market follows national trends, and despite the industry's overall problems, there are still cities where sellers have the upper hand. The best way to judge a buyer's versus a seller's market is a simple supply-demand analysis of housing stock: the current rate of sales, how long would it take to sell off the inventory of single-family homes or condos? If that measure comes back high, houses sit on the market longer. If it is low, the market is tightening, which is good news for the seller.
Visit with your Realtor to determine your best price and get your property exposed to the buyers here in the South Central Texas area today! For more information visit Tom at www.bradfieldproperties.com/TomPeterson
