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Real Estate Tips
Pricing >Market Trends

Last summer your neighbors put their house on the market and had so many buyers that they were on the winning side of a bidding war. Now you are trying to sell your home, and there's just no action.

The real estate marketplace is very unpredictable. Many factors come into play, the most important being interest rates and prevailing sales prices. In a strong seller's market, prices tend to escalate until they reach a certain point where buyers begin to just say no and listing inventories increase. When this happens, sellers who price their homes at the higher level of previous sales prices must re-think their pricing strategies. If they don't, their homes may not sell. Whether you are buying or selling a home, it is important to remember that the shift from a seller's to a buyer's market can occur very quickly. You can count on your agent for sound advice on what phase the market is in right now.

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Real Estate Trivia
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Where are the highest median price homes in the United States currently located?

A 
According to the NAR, the highest median price in the second quarter of 2005 was $726,900 for homes in California's San Francisco Bay area.
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The Milstead Team, REALTOR®, real estate agent and broker for McKinney, Allen and Frisco, Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

Holly Milstead
The Milstead Team

6951 Virginia Pkwy, Ste. 100
McKinney, TX 75071
214-544-7653
Fax: 214-544-1177
MilsteadTeam@NUMBER1EXPERT.com

Real Estate has been the ONLY career I have ever had and therefore, I have created a fantastic team of agents out of my love and caring for my clients. The team and I pride ourselves on never selling anyone anything we would not be proud to sell for them.

ABR CRS GRI Equal Housing REALTOR MLS


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