I've been seeing an interesting trend in the last few weeks. Land has been flying off the market where as homes seem to be spending a bit more time on the market.
It is truly incredible to see how the market can shift month to month and even week to week. This can often make it tough on buyers and sellers who are trying to "Time the Market".
I often hear clients, both buyers and sellers, who tell me that they want to "wait and see what happens". The problem is by the time whatever happens, happens, then it is too late! Buyers have been watching the interest rates move up and down week after week lately and are either sitting back and waiting to see what happens or moving in and out of the market based on the interest rates that day with kind of a one foot in, one foot out mentality.
I never put pressure on my clients to buy or sell, but I tell them they should do it when "they" are ready! That is the best time to make your move. For more on this, here is an article from the National Association of Realtors on just that topic.
Timing the Market
