How is the 2013 Real Estate Market?

 
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What’s the current state of the local real estate market?
There aren’t enough houses on the market. Buyers are frustrated with their lack of options.

Will more sellers now get back in the market?
There will be more sellers back in the market once their home prices pass the amount of their loans. Last year there were a lot of short sales and a lot of foreclosures. Now we have a lot less, but we do not have enough standard sales sellers. That will change once people realize they are now able to list, sell and move. The market will stabilize more next year, but right now buyers are having a very difficult time.

How much have home values increased?
Sellers are not used to seeing high prices for their home. It will take some time for them to realize their homes have increased about 30% in the last 18 months.

How fast will a house sell now?
The home will sell very quickly and at a great price.