Did we hit the bottom of the real estate market yet?

For those buyers that have been looking for the bottom of the market there may be bad news. If they track recent price trends they are likely to find that the bottom has come and gone as prices increase. This is due in large part to investors. Investors believe that homes are so un-dervalued that they have become a sound investment; they have entered every market with cash purchases and quick closes. Unfortunately, that means primary buyers, or end users, must now offer higher prices to compete with investors. Sitting on the fence is no longer an option. The best price and selection is rapidly becoming a thing of the past as more and more investors enter the real estate market. Below is the status of single family homes that are in Manasquan. Looking for information on Your Town? Let me know be happy to keep you informed to the market trends in your Neighborhood.

This CMA is not an appraisal and should not be considered the equivalent of an appraisal.
--Information deemed reliable but not guaranteed--Copyright: 2011 by the Monmouth County Association of REALTORS®
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Provided by Elizabeth Jones of Diane Turton, Realtors-Wall on 7/3/2011 4:13:38 PM