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2016: A Crazy Year in Real Estate

Posted by kim carpenter on January 3, 2017
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2016 ev hayali

As 2016 has come to an end, what a year it was been in real estate!  In my 20 years in the business, I have never seen a market like this one….. inventories at historic lows, interest rates at historic lows, days on the market at historic lows, median sales prices increasing and more multiple offers than I have ever seen.  This meant both buyers and myself had to be on top of the market, if a home came on the market that met my buyer’s criteria, I needed to show it to them as soon as possible in order to have a chance to get it.  It was exciting, but also stressful and disappointing for buyers at times.  We had to put our highest and best offers on the table up front and sometimes that wasn’t good enough to have our offer accepted.  I told my buyers to put their best offer on the table and if we were not the winning offer, then it was not meant to be.  I didn’t have any buyers that did not ultimately land on a home they loved.

What will 2017 bring?  We have already seen mortgage rates increase, but the market is still very active.  I see sellers who had originally planned to put their homes on the market in the spring going ahead and putting them on the market now and they are selling!

Don’t wait to buy or sell, now is the time!  Give the We Sell Indy Team a call today!

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