Goodby to 2012, hello 2013!

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2013 Real Estate Outlook for Shelby County

The Shelby County real estate market has shown signs of improvement as 2012 comes to a close. The mid range priced houses are flying off the shelf as fast as they come onto the market. Things in the 70,000-100,000 price range are moving really well right now. People are back at work and are looking to put their money where it means something, in a house. Prices are still a bargain too, $70,000 easily get you a house that appraises for $120,000.
Higher priced houses are still facing a stagnant market unfortunately for Shelby County. While we’ve seen some more activity in this price point over 2012, a majority of the properties are sitting unsold for a period of time ranging from 6 months to 6 years.
What do we expect to see for the Shelby County real estate market in 2013? As the holidays are coming to a close we expect to see an increase in home inventory. Lots of sellers want to wait until after the excitement of the Holidays wears off to market their house for sale. Which is a very smart idea on their part, because also as buyers receive refunds from their income tax they are ready to save up for a down payment on a new house.
January is generally the busiest month in the year no matter if we are in a down market or a strong market. Buyers are suddenly motivated by the extra cash in their pocket from Uncle Sam and the influx in housing inventory available to them in the marketplace.
We’d love nothing more in 2013 than to help you with your real estate needs. No matter if you’re a first time home buyer looking for that perfect starter house, or maybe you’re looking to upgrade from that starter house you bought 10 years ago, we’re here to help! We also specialize in rental properties, we can help you find the purchase with will help you to maximize your return on investment and then we’ll work with you to make a business plan to continue to make your investment work for you!