Not a buyer’s market |

Not a buyer’s market

As I make my real estate rounds I hear again and again, “This is a buyer’s market.” I am compelled to tell you that is not the case.

We need a combination of substantial inventory, which we have, and low prices overall, which we don’t have, to fit the definition. If anything, prices, by enlarge, are holding. And in many cases, new listings come on at very strong numbers.

So, though I am bothered when the market is not presented correctly, my news is not necessarily bad for buyers. Purchasers usually acquire property here without substantial discounts, and knowing prices hold even in a slow national economy is a good thing.

The buyers are few who have bought and sold at a profit in a year or even two. However, I can’t begin to count those who have paid market price for their property, held it five years or more, and profited more than they could ever have imagined.

Philip Miller


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