Many questions await us this year
1. Will prices rise or fall?
2. Will inventory increase?
3. How are buyers feeling?
4. How are sellers feeling?

#1 Prices: In Arlington, Lexington and Winchester prices for single family homes have moved down about 5% since 2005. Prices will most likely remain stable and could increase because of low supply.
At the moment there are fewer properties on the market than during other years at this time. The most remarkable comment about the market is that there are not very many houses that are good condition currently for sale.

#2 Inventory: Is about the same as last year in January. Market time has been decreasing which is a good thing. Which means that houses have been selling faster

#3 Buyers: We are currently working with buyers in many price ranges looking for houses that are well located in good condition. Houses that are in very good condition will command more money that houses that need work.
Buyers are engaged in the buying process they are well qualified and are ready to buy. With interest rates so low financing is very inexpensive which has buyers feeling good about buying a home!.

#4 Sellers: A lot of sellers have told us they are concerned about being able to sell their houses for less than what they are worth. They have been reading the news about how bad the real estate market is and are resisting putting their homes on the market.
We are in a much more normalized market where people are buying and selling based on what their actual needs are rather than external pressures. This makes for a market that is much more stable for buyers and sellers alike.

It’s going to be a great year!