What Is The Market Doing With The $1Million-Plus Homes Right Now?

This past holiday season was a slow one for homes around $1-2 million here in the Valley.  While we typically see a shortage of homes for sale starting around October going through December, that doesn't necessarily mean that buyers aren't still out there.  In fact, because there are less homes on the market, the ones that are out usually still sell in a good time.  But this year didn't seem to go that was for this price range.  There are many homes above $1 million that have been on the market now for a few months and it's looking slow for them being sold.  So, what is this telling us?  My honest guess is that starting in February we will see the market for these homes at this price start to flourish again.  Last year's market looked something like a high speed race and a lot of people bought homes.  The market took a steep climb up and the other people that weren't ready to buy last year may still be holding onto hopes that there may be a dip.  But come February I think we will all see that these values that were brought to us thanks to last year's market will be holding strong and we will be back to a good market for both buyers and sellers.  I've said it before and I'll say it again...don't look back in a year from now and wish you had made a move. Sitting back and watching the market go by is not going to do you any favors. Hindsight is 20/20.  So if you are looking to buy or sell, give me a call and lets talk about getting it done!