How's the market?

The real estate market is really hot here lately. Every time I talk to people the question is always the same. What's the market doing? The market is as strong as ever. Houses are sitting on the market longer though and that's because there are so many house son the market and buyers have more choices owe and they want to see everything that's out there before they decide. What's also making houses sit longer is the fact that prices haven't adjusted to large inventory that's out there. Sellers still believe they can put any number on a house and it'll sell immediately. Those days are gone, for a while anyway. These days, property condition and price have to be on the same level. If you want $600,000 or more for your home it had better have all the bells and whistles. Buyers expect that. A client of mine told me yesterday about seeing a home that was listed for $975,000. Nice house but it hadn't been fixed up. The floors weren't refinished, the bathrooms hadn't been renovated and the house didn't show very well. If you pay that kind of money for a house you expected it to be in good shape and not require any work at all. If you're planning on selling your home in the near future, look at it with a buyer's eye. Anyway, that's my two cents about the housing market.