So here is my prediction for the local real estate market for 2014
- Lots of listings from which to choose, in fact above average all year.
- About the same number of buyers in the market as in 2013.
- Buyers will have the advantage over sellers.
- It will be another disappointing year for sellers who list their properties to "test the market".
- These sellers will hold out for top dollar, hoping to find a unsophisticated or unrepresented buyer.
So, buyers, here it is. Buyer's market for buyers who find motivated sellers. And the best way to achieve that goal is for a buyer to be represented by an experienced buyer agent.