How's the Market?
By Shane Collins
I listed a home last week at what I thought was the very tip top of the price range. I was on the fence about pricing the listing so high that I had my entire office weigh in on the pricing. The vote, it’s a stretch, but not completely unrealistic. By week’s end we had 5 offers all at, or above, asking price. Wow!
The most common question you hear when you work in Real Estate is, “So how’s the market?” For the last few years, my mantras when asked this question have been “Low Inventory!!” - “Seller’s Market!” -
“Prices are going up!” A few times a year, I run the stats just to make sure that the numbers track with my perception and experiences. I just sat down and ran the numbers, and as the saying goes, numbers don’t lie – it’s a seller’s market!
The median home price in Chico is up to $315,000...
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