Is it us? Or is the market picking up steam again?!

Would love to hear from everyone in the Active Rain Network as well as the Public. Is it just us? Or is the market picking up steam again? Whether or not the year has been kind to Agents, Sellers or Buyers, it appears that the state of the real estate market is still pretty healthy. Perhaps the market is returning to a "Normal" market?

We are a full time husband and wife Realtor® team engaged in the business of real estate on a daily basis. We are noticing that the inventory became very high at one point in the early Spring. Sellers couldn't be convinced that the competition was building and they needed to price accordingly. Buyers were holding out for price reductions armed with the knowledge that they had much to chose from. When the prices reduced, suddenly there were bidding wars from the build up of those buyers that were holding out.

Mortgage rates remained low so long that the Buyers seemed to believe that they would stay there indefinitely. The funny thing is that now that those rates are starting to creep up, more Buyers are coming out of the woodwork.

As we head into the heat of the Summer market, some may think that this is the slowest season for real estate. While others believe that it's now or never to buy if you have children you need to get into the school system. Whether you're a first time home buyer, a move-up buyer or you're downsizing, it appears to still be a great time to buy real estate! So we ask; Is it us? Or is the market picking up steam again?!

If you're thinking of Buying or Selling in the Pascack Valley area of Bergen County, New Jersey, call the Number One Husband & Wife Realtor Team! Call Lisa & Bob at (201)218-6802 or visit us on line at www.HammersTeam.com.