Numerous recent posts have strongly pushed the idea that the real estate market continues to improve in Chesapeake. As you read the stats and the commentary in the locate multiple list service’s(REIN) press release, it is very clear that though there just aren’t enough homes to meet the buyer demand, the sales inexplicably continue to rise and do home values. Only the inventory and homes time on the market are shrinking.
In general, these parameters are perfect for a healthy real estate market. Yet, if home owners with a need to move due to family factors, due to a need to downsize or to get a larger home, due to a new job or simply due to the desire for some different home, don’t make the decision to sell and move, we could find ourselves with a market that has frustrated buyers finding too few homes that are over priced(actually or in their perception).
Let’s not let that happen! Time to call!