Happy New Year! Inventory continues to slowly decline, which is a normal trend for this time of year. Typically we don’t start to see inventory increase until Spring. As you can see and as we have been reporting prices increased last year again. For 2018 we do expect prices to level out more and expect a smaller increase. It seems as though recently we have already started to feel and see this effect. Last year in the Spring as a Seller, you wanted to price for the future, slightly above the comparables (homes that recently sold). Now we are recommending Sellers to price either the same as comparables or slightly below if you want things to move right away. The new tax laws are in, if you haven’t taken a look it is worth reading. Most likely there was a change that effected you, luckily many of the benefits of owning a home that were at risk were preserved. If you have any questions or would like specific information on a listing, please feel free to give us a call.
