Team Nickerson

The papers have been blasting us with headlines about how we are now in a Buyer's market.  I see it as more of a balanced market.  Why?  Although it's true that listings on the Westside are up 70% from last year at this time and sales are down 46%, prices have yet to really come down.  If you are a Seller, there are still serious Buyers out there and you are still getting a good price for your property.  Buyers ARE better off than they have been these past 5 years as they are now able to negotiate on price and see the property more than once before purchasing it, but we are still a long way from a true Buyer's market which will come when prices hit rock bottom and "real estate" is no longer at the tip of everyone's tongues.  It's not a bad time to sell, it's not a bad time to buy - it totally depends on your situation.