Five years ago in April of 2017 the average sales price was $250K. I can remember a number of people telling me they weren’t buying at the top of the market and they’ll wait for prices to come down. Those people are still waiting and kicking themselves in the butt.
Whenever a person purchases real estate, it’s always at the top of the market. That’s the beauty of our economy and Supply and Demand. Whether prices average $127K like they did in May of 2012 or much more like today, property will sell for the most a buyer is willing to pay. I’m still waiting to find the guy to sell their real estate for much less than it’s worth so I can buy it. Inventory is slowly increasing, but home prices are still rising. There’s a popular Chinese proverb that says: “The best time to plant a tree was 20 years ago. The second best time is now.” |
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