The different phases of the Real Estate market.

We have gone through the Bubble and collapse of the Real Estate market.
Know need to talk about that anymore.
Then we have what is called a Buyers Market. That is when you have an abundance of homes for sale on the market.
Then you have a Sellers Market. That is when we have low inventory or fewer homes currently for sale.
The bad part, right now is we are in a Sellers Market. Low Inventory of homes currently for sale.
There is  good part to this. We have Buyers who are looking to purchase new homes now.
As it was a few short years ago, Home owners are not panicking to sell. If they are listing
their homes for sale it most likely is for reasons such as down sizing, relocating for a new job.
A relative passing.
I would like to say something about down sizing. I think this is true about most people. We become pack rats. We save everything we have ever bought traded or given. I ahve a friend who jsut sold his 6000 sq. ft. home and moved in a a 3000 sq ft. rental. Going to stay there a year then decide where he and his wife want to live. All I can tell you is this, Wife to Husband, " What where you thinking?)  
Currently homes for sale last an average of less than 60 days. Buyers are more selective and
looking for a home they can truly call home.
For all your Real Estate Dreams for 2015
Joe LaViola
Lang Realty
900 East Atlantic Ave
Delray Beach, Fl. 33483
www.liveandplayindelray.com
josephlaviola@msn.com